i understand the argument , but bitcoin has a similar issue , a lot of bitcoins are own by a few, I think if these holders feel the price will grow substantially they will hold for a long time , I think its all psychology , for example if an article comes out that says bitcoin has a coding flaw and the transactions will all freeze in a week , bitcoin will go to zero , maybe im wrong but steemers dont see steemit as being worth much , thats sad , this is were the real problem is