The Witness Voting Engagement Report - 2017-12-21

in #witness-category7 years ago (edited)

How Engaged Are Steemit Users in Voting for Witnesses?

That's what this monthly report is all about!

This month's engagement rate for accounts with 100,000 VESTS or more is:

25.12%

That's up 10.8% since last month, with a 15.1% increase in new users.


If you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.

Witnesses, within a Delegated Proof of Stake (DPOS) blockchain like STEEM, are very important because they protect the blockchain and add blocks of new, validated transactions to it. Unlike Bitcoin or other Proof of Work (POW) blockchains, there is no concern with centralized mining farms controlling or forking the protocol into something the users don't want. With DPOS, the largest stake holders get to pick who controls the protocol and those stake holders can change the witnesses at any time by changing their witness votes. For a detailed explanation of DPOS, see DPOS Consensus Algorithm - The Missing White Paper. You can also see this post of mine for why I'm such a fan.

This report uses @arcange's STEEMSQL.

MV stands for Million VESTS.

VESTS are like vested shares in Steemit and relate to Steem by a ratio (487.765 Steem per MV as of this report).

VESTS impact the weight of your vote on posts and the influence of your vote for Steemit Witnesses.

Here's how I'm filtering the data:

  1. All Accounts: No filter applied, includes all accounts.
  2. > 100,000: Accounts with 100,000 or more VESTS.
  3. > 0 Posts: Accounts which have posted at least once.
  4. > 100k & > 0 Posts: Accounts with 100,000 or more VESTS who have also posted at least once.
  5. Active: Accounts which have voted, commented, and posted a root post in the last 30 days.

The percentage values in parentheses show the change since last month's report.

The total VEST numbers listed below don't include accounts belonging to Steemit, the company, which are not currently participating in witness voting.

Overview


This shows the total number of accounts and VESTS.

FilterAccounts% AccountsVESTS% VESTS
All Accounts517,490 (15.1%)100%196,686 (3.6%)100%
> 100,000 VESTS29,214 (6.7%)5.65% (7.2%)192,223 (3.6%)97.73% (0%)
> 0 Posts226,796 (16%)43.83% (0.8%)134,244 (4.7%)68.25% (1.1%)
> 100k & > 0 Posts20,658 (8%)3.99% (-6.1%)132,316 (4.7%)67.27% (1.1%)
Active50,829 (24.6%)9.82% (8.3%)73,666 (16.3%)38.32% (15.2%)

Voters


This shows the total number of accounts and VESTS which have voted for a witness or set a proxy.

FilterAccounts% AccountsVESTS% VESTS
All Accounts20,922 (14.6%)4.04% (-14.4%)125,339 (2.4%)63.73% (-2.4%)
> 100,000 VESTS7,339 (10.8%)25.12% (10.8%)125,135 (2.4%)65.1% (-2.4%)
> 0 Posts16,848 (17.3%)7.43% (17.4%)98,720 (2.9%)73.54% (-2.9%)
> 100k & > 0 Posts6,826 (11.8%)33.04% (11.7%)98,542 (2.9%)74.47% (-2.9%)
Active8,437 (24%)16.6% (24%)56,298 (12.2%)76.42% (-12.2%)

Voting For Inactive Witnesses


This shows the number of accounts which are currently voting for witness accounts in the top 100 there not currently active witnesses. This number should be 0.

FilterAccounts% AccountsVESTS% VESTS
All Accounts4,960 (32.6%)23.71% (32.6%)55,699 (39.6%)44.44% (39.6%)
> 100,000 VESTS1,839 (27.4%)25.06% (27.3%)55,648 (39.6%)44.47% (39.6%)
> 0 Posts4,655 (31.7%)27.63% (31.7%)55,163 (40.4%)55.88% (40.4%)
> 100k & > 0 Posts1,800 (27%)26.37% (27%)55,116 (40.4%)55.93% (40.4%)
Active2,080 (32%)24.65% (32%)31,692 (43.5%)56.29% (43.5%)

These are the inactive witnesses in the top 100 as of this report, but keep in mind some of them may only be temporarily inactive:


joseph
witness.svk
steempty
roadscape
complexring
bitcoiner
arhag
au1nethyb1
bacchist
agoric.systems
cyrano.witness
tdv.witness
adsactly-witness
bayareacoins
team.alpha
picokernel

Have You Voted for a Witness?

If you haven't voted yet, please consider setting @lukestokes as your proxy voter. Otherwise, go vote for some Steemit Witnesses you've interacted with and respect to do what's in the best interest of the network. I hope that includes my witness, @lukestokes.mhth. If you're not sure who to vote for, take a look at some witnesses you respect and see who they are voting for via their account on steemd.com or steemdb.com. Some witnesses are very active behind the scenes supporting important projects, but not as active as bloggers, so keep that in mind when you vote.


Again, if you're not sure what a witness vote is, or why it's important, please see my older post Steemit is Free, But Your Witness Vote Determines its Future.

Thank you! I hope you found this useful.


Previous Reports:


Luke Stokes is a father, husband, business owner, programmer, STEEM witness, and voluntaryist who wants to help create a world we all want to live in. Visit UnderstandingBlockchainFreedom.com

I'm a Witness! Please vote for @lukestokes.mhth

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@lukestokes.mhth set as my proxy witness. Keep up the good work. I enjoy the content on your site.

Well, I'm voting for 23 witnesses, all active. Will have to add few ;-)

I vote only witnesses I trust and that adds value here..@lukestokes , you are one of them...wish you more success- Also I mentioned you on my latest post, feel free to see it. Happy holiday season.

My first day on Steemit.com. Looking forward to learning and earning more from posts like this one ! Useful information
Thank you

Many thanks for sharing this post to give all steemitians an insight on the importance of a witness vote. Enjoyed reading the stats.
Regards Nainaz
#thealliance

I agree with you @nainaztengra definitely good info to have.

Great update. I'm on the edge of understanding how all this works. Thanks for the article. Upvoted and reSteemed.

Let me know if you have any questions, and I'll try to help answer them or point you in the right direction.

You maybe hearing from me for some help
Thank you

Definitely gonna choose you. I never voted for anyone yet because I didn’t understand it but you definitely got my vote I’m goinf to set it when I get Home :) thankyou for continuesly helping the community

I agree.. I voted awhile back, but good points!!
Resteemed brotha :D