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RE: It's time to start paying attention to Steem
Great points brought up here.
One point that was missed which ties to a post I wrote this morning is the fact that the distribution of STEEM is spreading out. With the reward system the way it is, with 75% going to content creators, this means that there are many more people earning SP today than when I joined 13 months ago.
Also, we are seeing a lot of SP delegated from larger accounts to the applications, thus making them mega accounts in terms of their voting power. This is important because they go around upvoting the content that is placed on their platform, a great deal which is done by smaller accounts.
This is furthering the push of SP into the smaller accounts, giving them even a greater percentage of the reward pool.
Yeah, you're right that the distribution of Steem is spreading out. In some ways that sucks, as it feels REALLY hard to get substantial upvotes, but it should also mean that it's harder for some accounts to abuse the system to get upvotes on their crap.