Unfortunately, it is still a violation of the contract / agreement that was made with the existing SP holders.
It's all too easy for those without to want what those with have. It's the politics of envy. Breaking the "social contract" and taking any of the properly earned rewards to distribute to others is socialisitic. Sure it also accomplishes decentralization but at the expense of a broken promise and platform reputation.
I'm only a minor minnow who might benefit from the distribution that @richardcrill suggests, but I'm still opposed to a redistribution that robs those who earned what they have. I'm opposed on principle.
As to solutions I have none to offer. Perhaps b/c I don't understand how or why the imbalance of power came to be. Perhaps the size and scope of some peoples holdings is far to large for me to fathom (if 27 MV is 27 million vests and each is worth $0.16 that's over $4 MILLION) in relation to the entire ecosystem.
The solution to the problem may be beyond my paygrade to resolve or even comprehend but I definitely know the difference between right and wrong and theft is always wrong. There's got to be a better solution.
Very well said!
I completely agree with your reasoning for being against it. Even if it is better for the site, community, and user retention - if it violates the existing contract, then it is not right (IMO).
As far as the initial distribution, many of the whales were the ones that worked on the code, or hosted the servers, or did other various things to create the infrastructure to create/run the blockchain in the early days. Some others invested a lot.
The distribution is not quite that bad. MVests is kind of a wired unit. My 27 MVests is about 13,000 STEEM. @ned's account - which is pretty much the largest, has about 5.7 million STEEM. One day I hope to be like @ned :)