The only thing I can tell you is that the system is changing it and moving in the direction faster than any other token I have seen. It is moving to a more decentralized system with each passing month.
For example, the biggest of Whales, steemit, is in the process of powering down 71M SP over a 13 week period. So, basically, this quarter, you are seeing a major shift in power. Steemit is doing this for other apps to use for marketing purposes like it did with D.tube. Hence you are going to see more whales created which changes your .1% number. At the same time, that SP that is sent out is going to be used to entice other users from other sites (like Instagram as an example) to come on here...hence those with big followings on those sites will be rewarded, creating more dolphins in the process.
This is the magical circle of STEEM that myself and a few others write about. It is impossible for one to keep the same position as a percentage as the VP power of others increases (along with more people). Dilution is already taking place.
Whales account for 65% of the MVests now...down from 72% a quarter ago...that is a significant drop in 90 days...I would not be surprised if they were under 60% by the end of March at the rate things are going.
We will see it. If you're right, I'll buy you a beer some time^^
But I am and remain - by nature - a scepticist.
I'd rather adress a problem I falsely see than not adress a real problem that I should have seen.