Well, sometimes the easiest solutions are invisible because we're looking for something complex.

I reckon the real problem with Steem, and Steemit, is that substantial stakeholders are faced with the dilemma of trying to convert their mined stakes into actual money.

Absent market growth, they can't do that. They don't want to dilute their stakes - that would make their potential profits go down. If they don't distribute significant stake to the rest of the market, however, the market won't grow.

This is the real reason that the simple solution you arrived at was not accepted by them. It doesn't solve their problem in a way that keeps their millions in their pockets.

They've either got to accept dilution of their stake or lose it, IMHO, sooner or later. In the mean time Steemit is in the throes of capital concentration unprecedented in my experience, and this is causing terrible user retention - exactly the worst threat to their fortunes that exists.

I'm glad I caught it too! I am very interested in this issue, as I think Steemit is much more than simply a vehicle that can be ridden to fortune. I think Steemit can be the key to human prosperity beyond the post market boundary that is coming, and might be a vector for free speech and human sovereignty unparalleled in human history, so I care.

I spent more than twelve hours on that post, reading comments, and commenting. Hell, I'm still commenting there =p, as I reply to folks.

Thanks for your insight!