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Greetings, fellow Blurtians!

Today, I invite you once again to delve with me into the depths of the Blurt blockchain, uncovering its mysterious data. Our mission for today: unveil the number of active accounts and the quantities of BLURT they hold, whether in balance, in savings or as BLURT Power.

Recall that during the creation of the Blurt blockchain from a fork of the Steem blockchain (a snapshot copy), Steem wallets were converted into BLURT via a generous airdrop, instead of going through a claiming system. This approach generated a substantial amount of BLURT in ghost accounts, such as those of exchanges like Binance and Bittrex, which chose not to redistribute the airdrop to their clients, as well as Steemians or Hivians who missed the creation of the Blurt blockchain or just not care about it, and recovering Steem ghost accounts (individuals who have lost their keys, passed away, or simply abandoned the platform).

This leaves us with a lingering question: Out of the 521,356,598.792 BLURT in the Total Supply, how much truly belongs to active accounts?

This is the question we'll attempt to answer today, following the thread of my previous post Unveiling the Secrets of 🤬 BLURT 🔥 Burns! which tackled the equally mysterious question "How much BLURT is being burned through the @null wallet?"

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Additional points regarding the previous post

Before we begin, two additional points regarding the previous post.

As some have pointed out, correlating the number of BLURT burned with the number of new BLURT created per month would have been relevant.

Here's the answer: Based on the data returned by the Dynamic Global Properties method of the Condenser API, 4 BLURT (calculated on the difference in total supply between 2 blocks) are created for each block (1 block every 3 seconds), i.e. 3,456,000 BLURT/month (20 blocks per minute x 60 x 24 x 30) distributed as follows:

• 65% to the reward pool, divided between authors and curators.
• 15% of new tokens are allocated to BLURT Power holders.
• 10% to the Blurt proposal system.
• The remaining 10% is used to reward witnesses.

So, the 360,470.248 BLURT burned, a result we found between November 1st and 30th from the previous post, represents 10.43% of the BLURT created in a month.

I've also come across questions about the utility of the BLURT burning campaign, why does the % defined for burning seem more important than the quality of the post or even the quality of the post have no value in this campaign? and also regarding the fact that only the author's reward is burned, not the curation reward.

My response is personal and shouldn't be considered a generality or an absolute fact but rather a personal reflection as a Witness, Blogger (when I have the time), and Small Investor.

What determines the price of something is certainly how much there is of it, but there's also what comes before that, i.e. its attractiveness, the interest it arouses, and whether there's a demand for it (which like many examples in the past can be created). If one of these values is close to 0, whatever the number for sale, it will have almost no value.

The positive aspect I see in this burning campaign is its potential to boost overall activity on the blockchain so this may have an impact on its attractiveness and interest, stimulating both the quantity and quality of posts and discussions (on Blurt and Socials).

Of course, as always, there are those trying by all means to take advantage of anything put in place. This campaign is no exception to the rule, which is why I would have much preferred manual curation (involving one or more manual curators) rather than automation to have real control over the quality of the content upvoted.

Just as I would have liked the BLURT curation reward to be burned in the same proportion for the sake of fairness.

Before going any further, an important clarification: burning the curation reward is not burning the BLURTs bought by investors, but what could be compared to burning the interest they generate.

In a world where time is money, writing a post (and therefore spending time) is an investment that can be valued. The published post also gains its own valuation through its ranking in search engines and the click-through rate it generates. I created a Steem account one day in 2018 because a lot of my Google searches led me to Steemit posts.

If you remove content creators from YouTube, Twitch, Instagram, TikTok, etc.... What's left of their value?

Burning a portion of what the publication earns for the author is, therefore, burning a part of the result of their investment. Burning the same amount of curation reward as the author's reward is a way to balance participation in this burning effort.

If you're interested in seeing many other points of view, you can read the comments on this post which deal with the subject Hablemos de Blurt con un buen café || Let's talk about Blurt with a good coffee

Now, back to our topic for today (yes, I'm prolonging the suspense, haha).

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Number of Active Accounts

Similar to the previous post, I embarked on a small script. This time, I used my analysis database to easily obtain the list of all accounts that performed at least one operation on the blockchain in 2023 — be it a transfer, vote, comment, follow, etc.

This led to a count of 3,407 active accounts.

This sparked my interest in making some trivial comparisons, such as:

• The Beblurt delegation program received delegations from 50 delegators, accounting for 1.4675% of the active accounts.
• My Witness gained support from 153 Supporters, whom I thank very much, meaning that 4.49% of Blurtians trust me concerning decisions on blockchain fees, acceptance of a Hard Fork, and so on. It also means that 4.49% of Blurtians trust me to secure the blockchain through my witness server and provide them access to the Blurt blockchain through my RPC node.

A reminder, you have 30 votes for Witnesses with your account. For each vote, each Witness receives in return power equivalent to your BLURT Power divided by the number of Witness votes you've cast. If you vote for only one witness, he receives the equivalent of 100% of your BLURT power; if you vote for 2, each receives 50%; if you vote for 3, each receives 1/3, and so forth.

Thanks to those who supported @saboin's witness after my last post and my witness.

You can vote for your favorite witness(es) via BlurtWallet or BeBlurt.

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BLURT Holdings in Active Wallets

Now that we know there are 3,407 active accounts, what are the BLURT amounts in their wallets?

• In Balance: 13,001,691.672 BLURT
• In Saving: 137,045.498 BLURT
• In BLURT Power: 189,862,486.857 BLURT

A total of 203,001,224.027 BLURT. When compared to the 521,360,534.474 BLURT in the Current Supply, this is not even half!

Assuming a Market Cap estimated at $1,752,678.91 (1 BLURT = $0.00336174), if we relate this to the 203,001,224.027 BLURT, it would be valued at 1 BLURT = $0.00863383.

For a more rigorous calculation using the current rate ($0.00336174) x 203,001,224.027 BLURT, the real Market Cap of BLURT would be $682,437.33.

I would like to rerun my script, taking into account data from the beginning of the Blurt blockchain. While I expect the number of active accounts to be much higher, I don't expect to find many more BLURTs, as many of these accounts have probably sold their BLURT.

However, I need to initiate a total replay of my Blurt analysis application first (as it starts on January 1, 2023), and this will take some time.

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Conclusion

As with yesterday, your feedback was interesting and constructive. I'd love to hear your interpretations of these new results and if you expected these amounts.

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For Developers and the Curious

Here's the script I wrote for this analysis, divided into groups of 100 accounts for those interested.

/** db */
import mongodb from './db/mongodb/index.js'
import { dbAnalyticsAccountActivity } from './db/mongodb/analytics_account_activity.js'

const rpc = ['https://rpc.beblurt.com', 'https://blurt-rpc.sagarkothari88.one', 'https://rpc.blurt.one', 'https://rpc.blurt.world']

import { Asset, Client } from '@beblurt/dblurt'

interface RESULT {
  accounts:        number
  balance:         Asset
  savings_balance: Asset
  blurt_power:     Asset
  vesting_shares:  Asset
}

const getData = async (usernames: string[], result: RESULT): Promise<RESULT> => {
  try {
    const client   = new Client(rpc, { timeout: 1500 })
    const accounts = await client.condenser.getAccounts(usernames)

    for await (const account of accounts) {
      result.balance = result.balance.add(account.balance)
      result.savings_balance = result.savings_balance.add(account.savings_balance)
      result.vesting_shares  = result.vesting_shares.add(account.vesting_shares)
    }
    return result
  } catch (error) {
    throw error
  }
}

const delayed = (ms: number): Promise<void> => {
  return new Promise(resolve => setTimeout(resolve, ms));
}

const start = async (): Promise<void> => {
  try {
    let start = Date.now()
    let step  = Date.now()

    let result = {
      accounts: 0,

      balance:         Asset.from(0, 'BLURT'),
      savings_balance: Asset.from(0, 'BLURT'),
      blurt_power:     Asset.from(0, 'BLURT'),
      vesting_shares:  Asset.from(0, 'VESTS')
    }

    /** Connect to mongodb */
    mongodb()

    const client = new Client(rpc, { timeout: 1500 })

    /** Retrieve active account */
    const activeAccounts = await dbAnalyticsAccountActivity.distinct('account', { year: '2023' })

    console.log('~~~~~~~~~~~~~~~~~~~~~~~~~|>')
    console.log(`\x1b[1;33m${activeAccounts.length}\x1b[0m actives accounts`)
    result.accounts = activeAccounts.length

    const batchSize = 100

    for (let i = 0; i < activeAccounts.length; i += batchSize) {
      const batch = activeAccounts.slice(i, i + batchSize)
      
      console.log()
      console.log(`Batch processing ${i / batchSize + 1}`)

      result = await getData(batch, result)
      console.log('~~~~~~~~~~~~~')
      console.log(`Balance:       \x1b[1;32m${result.balance}\x1b[0m`)
      console.log(`Saving:        \x1b[1;32m${result.savings_balance}\x1b[0m`)
      console.log(`Vesting Share: \x1b[1;32m${result.vesting_shares}\x1b[0m`)
    }

    /** Dynamique Global Properties */
    const DGP = await client.condenser.getDynamicGlobalProperties()

    /** VESTS */
    const VESTS        = result.vesting_shares.amount
    const VESTS_BLURT  = Asset.from(client.tools.convertVESTS(VESTS, DGP), 'BLURT')
    result.blurt_power = result.blurt_power.add(VESTS_BLURT)

    const delay = Date.now() - start
    const delayTime = delay > 1000 ?
    (delay > 60000 ?
      (delay > 3600000 ?
        (delay/3600000).toFixed(0) + ' hour(s)' :
        (delay/60000).toFixed(0) + ' mn') :
        (delay/1000).toFixed(3) + ' sec') :
        delay.toFixed(3) + ' ms'

    console.log()
    console.log(`Results in \x1b[1;32m${delayTime}\x1b[0m`)
    console.log('~~~~~~~~~~~~~')
    console.log(`accounts:     \x1b[1;33m${result.accounts}\x1b[0m`)
    console.log(`Balance:      \x1b[1;32m${result.balance}\x1b[0m`)
    console.log(`Saving:       \x1b[1;32m${result.savings_balance}\x1b[0m`)
    console.log(`BLURT Power:  \x1b[1;32m${result.blurt_power}\x1b[0m`)
  } catch (e) {
    console.log('\x1b[31m%s\x1b[0m', `Error: ${ e instanceof Error ? e.message : 'DBmongo error' }`)
    console.log('\x1b[33m%s\x1b[0m', 'Stack:', e instanceof Error ? e.stack : 'No info')
  }
}
start()

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Have fun on Blurt & BeBlurt
@nalexadre Witness (Blocks producer) on Blurt

_{Join or Create a Blurt Community}

_{BeBlurt (Blurt frontend) 👉 https://beblurt.com}

_{on IOS/Android 👉 https://beblurt.com/s/aMGBrg}

How to support my work on Blurt

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• Backing my Witness:

It only takes a click since you're entitled to 30 witness votes with your Blurt account. Even if I'm already in the top 20 and it won't generate more BLURT for me, it will secure my position, and it's always appreciated.

via BeBlurt: https://beblurt.com/@nalexadre/witness
via Wallet: https://blurtwallet.com/~witnesses?highlight=nalexadre

• Endorsing my Proposal:

This would allow me to surpass the burning proposal and regain the additional 1,000 BLURT from my proposal.

via BeBlurt: https://beblurt.com/proposals
via Wallet: https://blurtwallet.com/proposals

• Making a Difference with a Donation:

This blockchain is our community, and your donation, via a transfer to my @nalexadre account with "donation" in the memo, helps fuel ongoing initiatives.

Your active participation fuels these initiatives and ensures the continued growth of our Blurt community. Let's make a difference together!

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_{Original background photo of this post by Annie Spratt on Unsplash}