I don't agree that "new accounts are being opened and more new people are coming into the platform and that Steem is being giving to new account holders". If you pay close attention to the reward distribution, you may find that more and more rewards go to the owner of bots. Most of the whales prefer voting for their own accounts to get the maximum return instead of finding out the best posts.
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I have once given it a thought. Don't know how through it is anyways.