RE: Steem Power Distribution Trends - August Update. The re-distribution skips down.

[smooth]

I'm not sure I understand these results. The uptick in whale holdings is attributed to voting, but I'm not sure that makes a lot of sense. Curation rewards are <25% of the reward pool, which is about 2/3 of total dilution. Combining the two means that <16% of dilution is going to curation rewards, with only a portion of that going to whales (granted it is probably a large portion). A small shift in voting behavior on that <16% probably wouldn't explain much of a larger trend.

I think something else is going on here, like whales earning more content rewards, whales powering up, and/or reduced rate of whales powering down, possibly combined with other tiers powering down. Whales earning witness rewards is also significant but probably hasn't changed much.

The use of 24-hour active numbers probably plays a role here too, especially on the whale end. One or two whales shifting between active and inactive could make a measurable difference.

Comments

[liberosist]

Certainly, I did address this. Just to quote myself -

Two weeks ago, there were 26-30 whales active everyday. In Week 4, this number has increased to 30-34. Four accounts may not sound like much - but that's a 15% increase given the small population. This has had a significant impact, clearly responsible for the uptick over the last few days.

I believe that is the major reason for the whales' uptick - I didn't really attribute it to voting. If it continues over the next few days/week, there's probably something else going on, but we shall see.

PS: Looking at the numbers today, it seems to be plateauing already.