Lots of good content has been written on how STEEM is rapidly becoming more distributed and whales are steadily losing influence. The Steemit platform has been designed to transition from benevolent dictators (Dan, Ned, devs, early miners etc.) smoothly and automatically. I agree with most of what you've said, however, I'm very optimistic the future will be full of benevolent dolphins kicking ass on bad whales. If you catch Dan's most recent posts he's already looking into ways to further distribute voter influence and mitigate bad whale attacks. All good!
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for this to happen @johnsmith the rating system needs to change. there is some excellent writing outhere but still earns pennies on the dollar.
I'm also very optimistic and more so after reading everyones comments. Thanks johnsmith. Fist bump.
Though the TDV issues was extremely unfortunate, I agree with your assessment that much is this is due to the growing pains and challenges of equitable distribution of a new currency. We have some very honorable people in the whale ranks and I think they will have this under control until such time that there is a more equitable distribution.