The Gini coefficient is a statistical tool to measure income inequality within societies by comparing the real wealth distribution within that society with a theoretic equal distribution of the total wealth.
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Really interesting stats to see, please keep us updated about this! Lets see if it will improve.
You probably should not include the Top 10, because they are exchanges and the founders.
Or, just take out the exchanges and leave Dan and Ned. Which probably wouldn't help. Then you have to figure out all the puppet accounts used and who they are connected to.
Never mind, that's probably even more depressing.
So, better than Panama now.
Woo hoo!
Very helpful. Thank you
Very interesting... I guess/hope this will be regulated soon otherwise i believe people are going to loose interest. But I'm optimistic about it.
Nice post though. :)
Awesome look - would be curious to see how this compares to other currencies!
Confirms the suspicions doesnt it? Thanks @doodlebear!
In den nächsten Monaten wird sich kaum was ändern, denke ich. Eher in den nächasten Jahren:) Wenn nicht getrickst wird, dauert sowas wohl seine Zeit.
Anders wärs mir aber deutlich lieber:)
The point of decentralization is that things aren't regulated - consequently, steemit is an open market, and people are free to post just about whatever they want, as well as downvote respectively.
Naturally, there is going to be massive inequality unless individual users go out of their way to seek out new and fresh content and not just rely on their friends/established whales. It's up to us as individual steemians to find the content worth promoting - the "diamonds in the rough", so-to-speak. It's the only real, ethical way to bridge the gap.
But without voting power binding, what's the point of Steem Power?
If I couldn't make impactful votes on Steem by my SP, I'd surely leave. That way, it'd mean nothing for me.
Holy shit that article is amazing, thanks for showing!
Your idea isn't bad, either - being difficult to reach the top would make the community healthier.
Have you tried discussing it with the developers?
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Hey @doodlebear. Calculating the Gini Coefficient for Steemit is a really interesting idea. I am not at all surprised that the coefficient is so high. Those that joined in the early days of Steemit have grown very quickly. Back then there was limited competition and the value of Steem was very low. Entrants in 2017 face much stiffer competition from all the new entrants. The early entrants have seen the value of their Steem increase by 5 to 10 fold. They have also worked together for a long time and tend to upvote each other, thus furthering the gap from the newbies.
I don't expect the inequality to continue indefinitely. Many of the new entrants will be able to break through and close that gap. Bots will definitely help make that happen. There are also several really supportive Whales that are willing to dish out some high value upvotes as well. It is in the best for the Steemit top dogs to reduce inequality as this will atrract more people to Steemit and also keep a good level of retention here as well.
100% of steem wealth is held by a tiny fraction of the world's population.
If you have one steem, you're in the top 00.00001%
@mattclarke, nice way of putting this in perspective.
This article is pretty much a slap in the face of new members wishing to make a quick profit in Steemit.
Thanks for sharing this information.
This one is really informative. Please make more posts like this !!
There is a time disymmetry, the people who are here for a longer time earn more that the new comers. For a perfect distribution of wealth, have a look at http://en.trm.creationmonetaire.info/ and http://forum.duniter.org/