Hive Inequality Trends August 2020 - a further slight trend away from decentralisation
The distribution of Hive Power has become slightly more unequal over the last month, according to a comparison of @arcange's most excellent statistics, which show us distribution levels my MVEST and by number of accounts, and by all accounts and active accounts.
Below I look at trends in distribution from July 30th to August 30th based on all MVESTs and all users.
I'm using the 'without delegation' figures below - an innovation in @arcange's stats this month is to show the 'with delegation' figures too, but I can't compare that this month because there were no such stats for last month.
@arcange also produces the with 'delegation' distribution, but delegation is just 'patronage', not ownership, so I prefer to look at the 'owned' weightings, I think they're a more valid measurement of power distribution, which is what I'm interested in.
This analysis doesn't take account of the millions of liquid HIVE currently not staked in the DAO.
Trends in distribution by MVEST levels
30th July 2020 (without delegation)
30th August 2020 (without delegation)
|Level|% of total MVESTS 30th July| % of total MVESTS 30th August| |-|-|-| |Whales|36.8|36.96| |Orcas|28.83|28.51| |Dolphins|19.1|19.18| |Minnows|9.93|9.98| |Redfish|5.33|5.37|
There's been a very slight increase in the power held by Whales of 0.15%
There's also been some slight growth of Dolphin, Minnow and Redfish stake - up 0.13% in total.
Orca stake is down, so I guess that's a decline of the 'upper middle class'?
Trends in distribution by number of accounts
30th July 2020
30th August 2020 (without delegation)
|Level|No. of accounts 30th July| No. of accounts 30th August| |-|-|-| |Whales|31|30| |Orcas|290|287| |Dolphins|1831|1824| |Minnows|8865|8843| |Redfish|1390458|1395927|
One less whale, so that means the increase in Whale power is concentrated in even fewer hands, so less decentralisation of Hive power in terms of the number of accounts who control very large stakes.
Other than this, things are pretty stagnant.
Commentary/ Analysis
I've been getting the feeling that things have been pretty stagnant of late, and these stats kind of bear that out - except for the slight trend away from decentralisation. 0.15% more stake in 1 less account might not sound like much, but if this trend carries on at the same rate for a few years, we'll be Steem.
At least the increase in Whale stake has been countered by the increase in smaller account stake, but that's NOT necessarily the kind of decentralization we want to see - it's far easier for fewer very large stakeholders to oligarchic ally control the chain than it is for MORE smaller stakeholders to block any potential malicious action by those fewer whale controllers.
There are lots of new accounts smaller accounts being created, so maybe some of these will power up eventually, but ATM the numbers of Orca and Dolphin accounts are declining.
Notes...
I set @arcange as a beneficiary!
Sources:
Posted Using LeoFinance
