You are exactly correct. No one should be pleased about the status quo on Steemit. Neither whales, who must be giddy regarding the current price of Steem, nor minnows facing dismal rewards.

I but hope that the present price of Steem encourage whales to see the reality that capital gains are their best means of attaining profit from their investments, because that will convince them to join me in calling for dispersing at least 30% of the rewards pool to minnows, as the white paper intended.

Even a tenfold improvement in median rewards is likely to be insufficient.

Thanks!