Interesting, I wasn’t aware of that steem story? So you are saying they needed to sell to Justin Sun before they lost control of the ninja mine?
Well, this is more my theory about it... As the SteemitInc stake was X tokens, they didn't upvote posts or create new posts (nor have a witness node), which means that didn't get any token rewards... While all the rest of "us" did have some (or all those income sources), and "we" were accumulating more tokens, SteemitInc's portfolio was stagnating... It's simple math that their % of the total amount of tokens was going down...
I would say that something similar is happening now on HIVE... Whales do have their stakes, but they are curating posts and getting more tokens... On the other side, many of them are selling their HBD from DHF proposals, or powering down their witness earnings... Those tokens are sold and go to other hands... So, maybe, there is a chance that we will get a better distribution of tokens over time... But, it can take time...
I’ll also track down a proper link to the crypto and cola chat
Please mention me in the channel where you talk, as I'm probably on the Discord server already (I have so many of them, that I get lost sometimes)... 😃
See you later!