I think your observation is correct, @vegansilverstack. Steemit naturally would want to reward investors and stakeholders who are in it long-term, and that is quite understandable. About a month after joining Steemit, in April, I guess, she celebrated her one year anniversary since inception. Here is an excerpt of the steemit whitepaper which should help you better understand how steemit works.
Steem Power (SP)
Start up companies require long-term capital commitment. Those who invest their money
in a startup expect to wait years before they can sell their shares and realize their profits.
Without long-term commitment, a startup seeking to raise additional capital through the
sale of additional shares would be competing with existing shareholders looking to exit.
Savvy investors want their capital contributions to grow the company, but growth cannot
happen if the new capital is given away to those looking to exit.
There is significant value to having long-term commitment because it enables communities
to make long-term plans. Long term commitment of stakeholders also causes them to vote
for long-term growth rather than short-term pumps.
In the cryptocurrency space, speculators jump from cryptocurrency to cryptocurrency
based mostly on which one is expected to have short-term growth. Steem wants to build a
community that is mostly owned and entirely controlled by those with a long-term
perspective.
Because Steem wants to encourage long-term growth, it is hardwired to allocate 9 STEEM to
Steem Power (SP) stakeholders for every 1 STEEM it creates to fund growth through
contribution incentives. Over time this drives the ratio of the total STEEM value of Steem
Power balances to the total of STEEM balances toward 9:1 . (It seems likely that the ratio will
be somewhat greater than 9:1 due to continued net Powering Up of the newly printed
STEEM.) It also means that long-term holders are almost completely protected from the
dilution used to fund growth. (source, page 9 of https://steem.io/SteemWhitePaper.pdf) .
Cheers.