Steem is in a decent spot

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·@jrcornel·
0.000 HBD
Steem is in a decent spot
# Steem has had its fair share of troubles, but it still sits in a pretty decent spot at least in one regard.

Looking at some of the statistics surrounding steem, a couple things stand out...

No, I am not talking about its price or its 3 second transactions and free transfers, the latter doesn't really stand out as much compared to many of the new blockchains anyways.

However, one thing that stands out to me is that steem is actually being distributed... well steem power anyways.

That is something that goes against what many people seem to think on here.

# What do I mean by that exactly?

Take a look at this chart of the steem power distribution from back in August of 2017:

https://i.postimg.cc/N0KfqVYk/Qm-Tq-YQggd-Mfy-UA5s-Sb9yvbbw-Fsx57et-KXAJ4-J2vr-Pnspf-F.png

(Source: https://busy.org/@taskmaster4450/steem-whales-are-losing-their-power-the-system-is-not-broken-report-through-4-30-19)

As you can see, whales held the vast majority of MVests (which are basically steem power).

Now, compare that with the same chart as of April 2019:

https://i.postimg.cc/prbdBBwY/Qm-Y7u7-XJxnnwrq-Ec6-QWg17v-AWMCRs3f-DYUn-M3hw2c4ba-SV.png

(Source: https://busy.org/@arcange/steem-statistics-20190501-en)

As you can see the whales have lost significant Vests.

In August of 2017, they controlled about 254,000 MVests, and now they control about 209,000 MVest for a decrease of about 18%.

That may not sound like a lot, but considering the inflation rate of steem during this time, it is significant that they their Vests declined at all, let alone by 18%.

# Also, take note of all the other 'classes' on steemit....

All the other 'classes' are increasing and making up ground on the whales.

The orca and dolphin classes have made significant gains against the whales.

This means that steem power is being distributed, which is exactly what we want to see for the health of the ecosystem.

One thing to keep in mind... Some large accounts have powered down and removed their stakes from the platform during this time, such as Ned etc. Also keep in mind that if whales just moved their Vests into other smaller accounts the results would look the same.

Either way, I think overall this is showing that the ecosystem is likely growing rather nicely with a budding middle class.

Over time the distribution seems to be getting greater and not more concentrated like some have claimed on here.

Stay informed my friends.

-Doc
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