Etherium is not even started as mineable crypto, it began with crowdsale like ICOs and therefore, ETH corp have tons of cash from the initial sale which is no different from Steemit Inc having large holding.
Both dan and ned have powered down a lot of SP. And they can power down in 7 days a huge amount of SP which if dumped will crush price to 50 cents or less.
Every coin has large holders through initial mining or crowdsale. Not to mention of Satoshi or Satoshi Lite, Charlie Lee of LTC. When people can mine with low difficulty, having 100K BTC or 1M LTC at initial stage does not matter. Moreover, more than the current amount of STEEM will be distributed in next 20 years to the users/miners which is very different distribution and fairer than BTC, LTC and ETH.
Most of the reward pool is actually going back to the early miners or investors because of their high stack and circle jerk + vote selling.
So, miners are going to get very tiny amount of that and most of it will go to 0.001%.
Did you know that 6.7% of reward pool is going to the pockets of one person? Do you know who that person is?
Do you understand that your assertion looks like a complete piece of joke?
@haejin, it is due to one whale @ranchorelaxo voted him with 1.34M SP VP several times. This is not a joke, it is evolving consensus or random act. It is an experiment where it was assumed that good whales will counter evil whales. It is hard to satisfy all the biases of human behavior ( circle jerk + vote selling). But it is better experiment than wasting energy equivalent of a country (e.g. BTC, ETH) through PoW mining. The VP in DPoS is incentivized for curation, however, the rules for VP can always be changed in future HF when consensus will arrive for better.