Have you determined by what means the wealth is being transferred from the 1000 MV ($millionaire) whales to the upcoming 100 MV ($100,000) orcas? When money supply is 100% in STEEM POWER (SP), the debasement to pay for blogging comes out of SP holders relative value, but when the ratio of SP to STEEM is 9:1 or lower then the debasement is coming only from STEEM, so in this case the whales must be cashing out and the debasement is charged to the STEEM held by the exchanges for liquidity. If the latter (which likely to be at least partially the case if the STEEM on exchanges is not insignigicant % of the money supply), then we have the whales upvoting their gfs and friends to transfer the wealth debased from those holding STEEM on exchanges, while they themselves cash out. The groupthink is diversifying far too slowly due to the iron lock that the upper 1% has on rewards earned.