Premined was a big mistake with this ecosystem.
EDIT: Though prior to this all we had was currencies, not other content. So they didn't really have precedent to compare it to. This is one of those hindsight is 20/20 type of situations.
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Yo spice, I just rediscovered this conversation you had. I think it is really unhealthy that you assume early investors are "sociopaths". Arent they calling you similar things to shut you up? A debate about the psychologic capabilities of a person or a group of persons should never be the focus of a debate.
Sure if it comes to delegating tasks the specific capabilities of a person matter, but I don't think the whales have any interest in destroying the platform at least not inherently.
There will always be the people who are first. Those people spent time and money to make Steemit what it is today. They deserve their fair share of the cake. I just think the communication and transparency is lacking.