I've made some recent posts about determining where in the world our Hive users are. When looking at the Venezuelan community, I looked briefly into how much Hive, Hive Power etc. the community holds as a whole. Unsurprisingly, though they are the largest national community on the network, they collectively hold a relatively small portion of the stake.
If most Hive stake is not held by our largest demographic group, who exactly does hold it? In other words, how is Hive stake distributed across the world?
Tackling this question will take a somewhat different approach, because while Hive may have a relatively good distribution compared to crypto as a whole, a small number of accounts still hold the vast majority together. So instead of trying to look at the samples of known users, it's probably better to just look at the larger accounts and see which if any reveal their locations.
Setting a minimum of 1MV (548.135 Hive Power), there are 10,364 accounts which collectively hold 276117.8 MV, equal to 151,349,830.303 Hive Power. This represents 94.4% of all Hive Power, so pretty close to all of it.
Of those accounts, 5330 have set something for their location - although not necessarily something meaningful for this purpose. Those with location data set account for 50,031,249 Hive Power, or 31.2% of the total. It's still too many to organize into meaningful locations though, so increasing the threshold to 50MV reduces the number to 253 accounts representing 21.3% of all stake.
Among these, 140 accounts could be determined to have a meaningful location, with a combined stake of 11,094,374, representing now only 6.9% of overall stake.
In the end, here is the top 20 countries by stake, based on filtering down to that manageable dataset.
Here is the comparison of continents, with the same dataset above.
It came as a surprise to me that Europe is ahead of America in this chart. However it may not hold if the users who don't put their location in their profile are included. Some large accounts are not anonymous, they may not put their location in their profile but their home country is still publicly known. I don't plan to go to that level of depth, but it would be quite possible with publicly available data to have a fuller picture.
My location isn't clear so I expect to be excluded from the data. But if you wanted to include me, I am in UK cohort.
It would be interesting to watch this over time. I’m curious if the distribution changes. Will Venezuela and Nigeria stake continue to grow as they have the most active users on the network?
That's something I would like to take a look at soon, but it will be more complicated to achieve than the above charts.
Quite fun - but you should change the title - 'Where do stakeholders say they are based according to their profiles'.
My brain thing tells me @penguinbablo may well not be based in Antarctica for real!
Yeah, I kept him in the data so that point will not be lost. However I have not seen any evidence of intentionally misreported locations outside of the fanciful ones (Mars, The Moon etc). Presumably there are some.
Besides that outlier the distribution looks like it's in line with Global wealth distribution, so it's probably quite accurate! (As we exclude China out of Asia.
It's not only a question of how active an account is but the need to power down to pay for necessities which factors into account growth. There's also the question of which countries have disposable income to buy Hive to power up. I think most people will prioritize food and shelter over powering up HIve so I don't fault them for it.
Very true, of course it's not my intention with this post to make any sort of moral judgment on anyone. I do want to see how geographic stake distribution changes over time, although it will be a bit technically complex to look backwards at historic data.
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good point, thanks