I describe STEEM as an influence token. The more of them you have, the more control you have over what gets seen by the people who visit the site. We talk about the fire-hose, but if the hose is just spraying STEEM, then we have a circular argument. STEEM doesn't get its value from its ability to allocate more STEEM. It gets its value from the floodlight attached to the fire-hose. Its all about the eyeballs.
The eyeballs will get increasingly important and I think that the large accounts will later play more of a role in rewarding decent up and comers to this end as well, to show it is possible.