If you deposit 1m into a bank with a 5% APR and don't touch that money for a year. When that year is over you can withdraw 50k from the top and do the same thing next year.
Most banking customers don't think in this way because they do not have holdings that large. If banking was unnaturally transparent like Steemit wallets are, then some people would look at the interest earned by wealthy folks and be pissed the f*ck off.
They'd say well it would be better for everyone if we could all split so and so's APR. Not only would it be better for everyone but it would be better for the economy at large.
If you could magically remove bid bots from this platform overnight you might run the risk that stakeholder bot owners would dump their SBD to the market. This would cause the value of the SBD to plummet.
In addition their would be less capitalists willing to buy the dip if capitalism, even to the nth degree, was forbidden from the platform.
The banks provide this APR because by having your money in the bank the bank benefits. I think that Steemit probably operates in a similar way by rewarding large stakeholders handsomely.
In summary, the value of SBD is bolstered when large stakeholders retain it in the form of Steem Power. These guys are a large chunk of the market and add allot of value to the SBD.
What they are doing may not feel right or look right on the surface but when you consider the fact that the SP that they hold is their property then one has to ask themselves if they believe in property rights or wealth redistribution?
Wealth redistribution can get pretty nasty if it's not done via voluntaryism. There are a myriad of communist countries that one can look to as examples. The outcome of this style of governance is generally mega death.
Thank you for posing this challenging question @tonyr!
Thank YOU for taking the time to add your voice to the conversation @thoughts-in-time.
I hope you're having a great day my friend.
Ty, so far so good. I hope that you are well too!