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Numbers for the upcoming Hardfork

flugschwein

Published: 07 Apr 2020 › Updated: 07 Apr 2020Numbers for the upcoming Hardfork

Numbers for the upcoming Hardfork

As you probably noticed, @HiveIO very recently published a new announcement about the "airdrop" exclusion list, in which they published a list of accounts which were excluded due to an error in the script which created the list of accounts to be excluded. I recommend reading this announcement prior to reading my post. The published list includes the following accounts:

@akiroq
@balticbadger
@dailychina
@dailystats
@dftba
@double-u
@edgarare1
@electrodo
@fadetoblack
@freedompoint
@friendlystranger
@john371911
@juancar347
@kdtkaren
@lichtblick
@lifeskills-tv
@lotusfleur
@ricko66
@rynow
@scottcbusiness
@seo-boss
@sgbonus
@spoke
@steemchiller
@steemflower
@stimp1024
@travelnepal
@truce
@tuckerjtruman
@wisdomandjustice
@yanirauseche

These accounts all had a stake of >= 1000 SP before the hardfork. In the block the hardfork happened, the block #41818752, those accounts, and all other accounts that were excluded got their liquid funds were directly transferred to steem.dao@steem.dao, and their vests (=the "backend" value for HP/SP) were converted to Steem and sent to steem.dao@steem.dao in liquid form as well. Soon, there will be a hardfork which will revert the error, and give the aforementioned users their funds back. Following is a table of those users and the amount of funds they had at the time of the Hardfork. In the rightmost column is the amount of Steem their vests were converted to:

AccountSBDSteemVestsVests (in Steem)
akiroq@akiroq0.0040.05222981.2801652666.921
balticbadger@balticbadger0.2233.0119862512.1947545035.925
dailychina@dailychina0.00.02287357.3851651167.954
dailystats@dailystats0.00.03603646.5878131840.068
dftba@dftba5.602863.8694338257.3339692215.163
double-u@double-u0.0583.674212718890.306873108616.998
edgarare1@edgarare17.46118.90916042156.5958968191.331
electrodo@electrodo0.0475.78621991505.21431611229.145
fadetoblack@fadetoblack0.0650.0442122918.4503921083.989
freedompoint@freedompoint0.015.13515903691.5211918120.629
friendlystranger@friendlystranger2.5390.01421669701.652096215309.96
john371911@john371911118.930.055920030.73288128553.486
juancar347@juancar34765.614349.16915741601.7494418037.864
kdtkaren@kdtkaren0.0060.0115087676.7273332597.833
lichtblick@lichtblick27.4163649.51286182609.78379544005.948
lifeskills-tv@lifeskills-tv0.0764.5532989637.2914611526.547
lotusfleur@lotusfleur2.382377.4933392176.445331732.088
ricko66@ricko660.0240.013954082.2240762019.005
rynow@rynow19.27132.38720343780.91958710387.795
scottcbusiness@scottcbusiness0.055.3053875676.0534921978.97
seo-boss@seo-boss0.05315.91650151173.71707625607.833
sgbonus@sgbonus128.478315.0354685876.8644642392.668
spoke@spoke0.0310.029245675.43431814933.217
steemchiller@steemchiller0.549231.8843545034.9943591810.14
steemflower@steemflower0.01841.2238190586.5652914182.177
stimp1024@stimp10240.00.099408662.97365450759.34
travelnepal@travelnepal0.00.05211178.8051932660.894
truce@truce63.1247076.77198440810.8539850265.143
tuckerjtruman@tuckerjtruman0.00.03014518.8069361539.252
wisdomandjustice@wisdomandjustice0.290.022375663318.81511191818.518
yanirauseche@yanirauseche0.60722.2012826858.0527051443.43
Totals442.80315351.9301593634586.333112813730.231

I also made some barcharts in which you can compare those numbers visually:
image.png
As you can see, there's always just a few accounts which notably stand out. I will let those charts speak for themselves though.
As you probably know, you get a bit of staking rewards for having your steem powered up. This is just a small amount, but it is very important here. Since the vests in those accounts were converted to steem at the last hardfork, those steem did not create any staking rewards, as they are liquid, and will not create any until the next hardfork. It isn't entirely clear how the accounts will receive their SP/HP back, but pharesim@pharesim ensured me that no new coins would be minted. That results in the accounts receiving a smaller vests amount than they had before the hardfork, should they receive them in the form of vests. The discrepancy between them only grows bigger with time. At the moment it is around 1000 Hive worth of vests which are "gone". I tried to graph the discrepancy over time as well, but I could not find any exact formula for the staking rewards at a given time - all I could find was an approximation.

Something that interested me, was how much of the stake that will be given to the accounts was powered up before the hardfork. For this I made yet another visualization, which has all 3 "currencies" converted to Steem for higher comparability. Please pay close attention to the logarithmic scale of the second chart. That makes the chart a bit more complex to read, but without that it was very long and the smaller parts still were too tiny to have proper size. Every major number on the left side means 10x more, so the uppermost part is much bigger than it might seem on first sight.

image.png

I think that this graphic shows very well how tiny the amount of liquid funds were. Note that this is only the accounts which will get removed from the blacklist soon.
While diving into this topic I wondered how big the total blacklisted stake was, and where it came from. So we have a last barchart, again having all assets converted to Steem for comparability. Also, we have both a linear scale on the left and a logarithmic one on the right again.

image.png

In total the following amounts were moved to steem.dao@steem.dao at the hardfork:

AssetAmount
HBD166015.401
HIVE159823.184
VESTS162961824459.599017
VESTS (converted to HIVE)83210381.578
Everything summed as HIVE84302875.554

redpalestino@redpalestino gave me the following list of Steemit Inc. accounts that I used as well. Thanks a lot!

@ben
@bitdev100
@geos
@goku1
@hkdev404
@imadev
@joe767676
@misterdelegation
@steem
@steemit
@steemit2
@steemitadmin
@timothy2020
@steemitblog

Also, I added Justin Sun's witness puppets to that list.

I hope you have learned a bit about the upcoming hardfork and have a better understanding of the scale of the things that are happening.
Last but not least I want to send holger80@holger80 a huge thanks. I used beem for all Steem/Hive related tasks. I used matplotlib for the visualizations. I used the current HBD/HIVE price for conversion between those.

Edit: I uploaded my code on Github. It is very ugly, but it works. I guess...

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