Hey there!
I used data from Steem Board and the last @arcange post about STEEM stats
As of April, 29th those below are the current numbers of active STEEM users.
| Status | Number of users |
|---|---|
| Red Fish | 78847 |
| Minnow | 9339 |
| Dolphin | 1993 |
| Orca | 337 |
| Whale | 35 |
The number of dead fish or users that have not been active the last 7 days is an astonishing 1175257. That's over 1M and it's pretty impressive to me!
The number of users with over 5K staked in SP is a mere under <2500 users. These data lead me to many thoughts.
- The foundation in terms of users heavily invested in the platform are really fragile.
- People do not power up, just take the small rewards and convert.
- It's hard to get consistent rewards only by posting.
I think that one of the main problem of Steem is the lack of a solid userbase of people that are invested in the platform. People with real holdings in terms of SP tend to read more, get more informed about Steem and overall be on top of the latest news around the platform.
We can't even think longterm with an economy of only 2500 users that have 5K+ SP.
If you are interested to remain on this platform long term, holding SP could be one of the best thing to do. You will:
- Get better upvotes and control on the platform
- Claim new account token creation by RC (Resource Credits)
- Do whatever action you want on the blockchain, not having your MANA limited. That means more interaction and playing.
- Increase your SP by just holding
- Delegate to activities and foundations you like to help and sustain those
- Earn passive ROI by curating
- Earn more with SP leasing, as with @dlease
Steem is still at a really embryonic stage and a lot more needs to be done. By powering up, you are actively supporting the platform in the long term.
Power UP!
What is your plan in terms of SP? Mine is to reach 10K SP and accumulate some liquids from there for a project on the platform. Do you earn passive ROI on Steem?
People need to get USD value of their accounts out of their minds. Its the number of Steem/SP that is meaningful and will be meaningful in a rising market.
Its possible to get 20% or more ROI in terms of number of Steem tokens without blogging a word. Steem really is one of the best deals in crypto.
That's true, still only a bunch of users try to power up using FIAT or other crypto. The majority doesn't or do not try to build up a noticeable SP account. Thanks for replying @armadilloman!
ROI lol
You got the Point. :-)
Posted using Steeve, an AI-powered Steem interface
Powering up is the most important thing a Steem User can do - grow your stake and spread the wealth :-) Still, it's quite saddening to see that I only have a '20 cents' upvote to give with more than 7000 active SP.
I do believe however that in the future even 100 SP accounts are quite 'wealthy' - so the middle class we're looking for now might end up being in the lower ranks compared to 'today'. I believe many today see Dolphins as the strong middle class we need, but I tend to believe that in a few years those are exceptionally rich accounts and the middle class is more in the Minnow ranks.
That means that if we aim for 10000 SP we'll have som real impact in the future as well ;-)
As for the not powering up: @paulag did a post about that recently, where she explained she discovered most Steemians don't even know they can power up and how it affects their accounts and the actions they can perform on the blockchain :-/ Education in this sense is the most important thing we can do. Ask any new user 'do you know how/why to power up?' and guide them through it. @steemonboarding will probably play a role in educating, and @steemsavvy as well.
Thanks for writing this up! Because in short: Powering up is important - 1st of May is 'SPUD' or 'Steem Power Up Day' - are you joining? :D Cheers!
Thanks for your amazing comment @soyrosa. Educating people about what the possibilities are is great; having an understanding of the complex system of Steem might be a bit too much for newbie or just non-tech users, so I think a big barrier STEEM will have to face is making the product accessible.
People still mess up with keys and authorization, let's hope that SPUD goes well tomorrow!
Hi @bafi, I have been unable to comment on posts for 6 days. A friend of mine can't comment or post. That's with Steemit. We're using Busy for now. I wonder how many of your dead users have the same problem and walked away? Or maybe they left temporarily and hope it will be fixed when they come back. I have seen people return after 4 months off.
Anyway, I came across your post while looking for where to report this problem. I wanted to tell you that I became a minnow this afternoon. Yay! So where do I report a bug?
Also, congrats on reaching the Minnow Status, I'm a piano player too!
Gave you a full upvote @kansuze
Hey @kansuze! Thanks for your comment!
I'm pretty sure that happened cause of the lack of RC to perform actions. Each action you perform on Steem waste Resource Credits, which gets fueled back over time.
RC is dependent on the SP value you have in your account. You can use steemd to check your RC (Resource Credits). Just go on https://steemd.com/@USERNAME
Let me know if you still have problem and I'll reach witness out.
@Bafi, there is not the slightest chance it was related to RC. I had checked. I could do anything except reply for 8 days straight. Just checked again now and discovered it's okay. I have tried to reply every single day, but thank you for replying.
Damn that's extremely weird.
Summoning @reggaemuffin for this, he can surely be helpful
I also have problems using steemit.com, I can recommend steempeak.com for @kansuze
Thanks @reggaemuffin. I will check it out.
And frustrating as heck but this is my 3rd reply, so far, so good.
There should be a cap on Steem Power like 1000 Steem Power Max.
This way the playing field would be much more fair towards any Steemit user.
No more whales, just people enjoying posting and commenting and no need for greed anymore.
I think a cap will limit the possibility of growth of single users in the platform. There are people that are extremely invested in the platform and some aren't at all. Maybe a solution is 50/50 split of curation/author rewards, leaving the system as it is. Thanks for your comment @pagandance
Steem has been a great example of human behavior. 1m users chased off by the bad users of the system. You should not upvote yourself. Read the Whitepaper.
https://steem.com/wp-content/uploads/2018/10/steem-whitepaper.pdf
Thanks for your comment @coinchaos. I read the Whitepaper and I encourage you to do as well.
Upvoting own post is perfectly fine, what is bad etiquette is to spam upvotes on each single comment, something that I never did.
You can use upvote to boost visibility, that's one of the added benefit of powering up.
Wrong. I have read the whitepaper 3 times line by line now and it clearly states that this behavior is bad.
Hi, @bafi!
You just got a 7.88% upvote from SteemPlus!
To get higher upvotes, earn more SteemPlus Points (SPP). On your Steemit wallet, check your SPP balance and click on "How to earn SPP?" to find out all the ways to earn.
If you're not using SteemPlus yet, please check our last posts in here to see the many ways in which SteemPlus can improve your Steem experience on Steemit and Busy.
You got a 19.06% upvote from @ocdb courtesy of @bafi! :)
@ocdb is a non-profit bidbot for whitelisted Steemians, current max bid is 20 SBD and the equivalent amount in STEEM.
Check our website https://thegoodwhales.io/ for the whitelist, queue and delegation info. Join our Discord channel for more information.
If you like what @ocd does, consider voting for ocd-witness through SteemConnect or on the Steemit Witnesses page. :)