Very well said!

I completely agree with your reasoning for being against it. Even if it is better for the site, community, and user retention - if it violates the existing contract, then it is not right (IMO).

As far as the initial distribution, many of the whales were the ones that worked on the code, or hosted the servers, or did other various things to create the infrastructure to create/run the blockchain in the early days. Some others invested a lot.

The distribution is not quite that bad. MVests is kind of a wired unit. My 27 MVests is about 13,000 STEEM. @ned's account - which is pretty much the largest, has about 5.7 million STEEM. One day I hope to be like @ned :)