The Tron Effect on Steem | Numbers on the Tron Tag, Overall Activity and Power Downs
The TRON thing took a lot of Steemians by surprise. The tweets from @justinsunsteemit were quite confusing and still continue to be. Mentions on a token swap, migrating dapps to TRON etc. Although this is all speculation at the moment it made a lot of Steemians nervous.
Let’s take a look at the activity on the blockchain and what effect this had in the last days.
Posts and comments with the #tron tag
It is pretty obvious that there are lot of posts and discussions on the Tron thing. The trending is full of posts about it and a lot of comments about it.
Here is the chart on the Tron tag for February.
Prior to the announcement there were almost no post with the #tron tag. Just a few of them daily. After the announcement on February 14th there is a clear jump in the tag activity with reaching almost 500 posts and comments daily. Now a lot of the comments are under the first tag of the post, that in most of the cases is not #tron, meaning the numbers of comments under the Tron discussions is even bigger. Still we can see the clear trend here with a huge jump.
What about the overall posting activity?
Here is the chart on the overall post and comments on the blockchain for February.
There is no significant increase on the overall activity. Actually, the activity was a bit higher prior to February 14th. Maybe some of the Steemians loost some will for posting in this period.
Power Downs
Here is the chart on daily power downs.
Well a clear spike here. On February 14th, just at the announcing day there is around 7.5M SP put to power down. The next day this number is 1.7M SP and after it dropped down below a million.
Who is making the power downs?
Here is the list of the top 20 accounts that started powering down.
@blocktrades is the main player here with 4M SP powering down. Some other well know community members on the list as well.
This obviously says that the uncertainty is real among Steemians.
I really wish for some real communication between the Tron team, Steemit Inc and the top Steem witnesses so things clear up. This twitter nonsense and miscommunication is causing real concerns among the community. The sooner we have some real information or at least a real communication channel between the both sides the better for everyone, including Sun. Hope those millions spent won’t go for nothing.
Bad media coverage as well :).
All the best
@dalz
Posted via Steemleo
Damn thats quite the reaction lol lets hope the power down helps with distribution, more steem in the hands of more people is always a good thing
Just now watching the @exyle interview ... this may calm things a bit....
I watched it too, hope they walk the talk words mean very little in this space! Also better get ready if 6 million steem is about to get dumped on the open market could be cheap as chips soon!
It need 13 weeks :) ... meaning around 460k weekly, if we assume worst case scenario that all of it will be dumped immediately... having in mind that the steem volume is more than a million $ per day...(a lot bots included).. reaching even 5 M recently ... this 100k or so weekly wont change much
Some may be canceled by then as well
Good to know, FUD is probably rampant right now.
And this is example for why I voted against the 4 week power down.
Do you know what is funny? Some people are talking about powering down millions of Steem as if they were just/only came from the grocery store. Probably that is a very small amount of money for them.
lol well clearly they picked it up for pennies or were one of those who got 4k upvotes when it stared! Powering down also helps some peeps not hog the inflation so go for it kids
Such reactions should always be expected. people have to look for a way to secure their investment of time and content.
Posted via Steemleo
Now blocktrades is powering down only 1.5M. Maybe they need it for their exchange?
Update: Still 4M power down
Check after one week...
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I was wondering about same stats, thanks! 👍
Thanks!
You are welcomed.
Thanks for this @dalz, some very interesting and revealing information.
Thanks!
I guess most of them powering down to capitalize if the price of steem goes much higher.
Those guys are hodlers.
Yeah you're right on this.
Posted via Steemleo
Yes possibly ... probably some of them will be canceled at some point as well
I wouldn’t have guessed all of the users on the power down list. So many names I’m used to seeing all of the time.
They want to have some liquid steem on a side ... just in case ... probably most of them wont go with all the 13 week power down and cancel it at some point.
I understand wanting to have some liquid. I do the same, but usually less than 1000 Steem. I’m sure you’re right about them will cancel it after a few payouts. Especially if the power down gets changed to 4 weeks.
tweet:
https://twitter.com/Dalz19631657/status/1229520936996569088
Would be interesting to see the power up stats
You can see the last 7 days (2020.02.10-2020.02.17) in this blog post written by @penguinpablo:
Daily Steem Stats Report - Tuesday, February 18, 2020.
The blog post is showing both the Power Up and the Power Down amounts, and the difference between them.
The are not as interesting at the moment :)
Will do some probably in the future.