It's a good question, and judging how it's getting more difficult already, I think that will probably continue as a smaller number of users effectively monopolise the vote power. If you look back at introduction posts for a year or so ago, some of them were earning rewards up to $5000! I believe my introduction post earned less than $1 in upvotes. Don't get me wrong, I'm not saying I deserve more per se, but it's easy to see how some could be frustrated. Earlier posters could build their status up to dolphin with much less effort, and without investing.
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There was also a unique feature back then. As now you would get paid half in liquid steem and half in steem power but you could not power down for 2 years. The liquid rewards were not being distorted by SBD value either. That meant that these people who got huge payouts still had a big stake in the platform (even if they got it for little effort) which is a powerful incentive to make it work and promote the platform.