I do think Steemit is out of balance at the moment. Good content seems to get rewarded by luck if a whale happens to see it, or the author has connection. I'm not complaining about my own earnings as those seem reasonable based on how many people actually read what I write. I was previously on Tsu that used ad revenue and so depended purely on views. Steemit has a similar number of active users and I'm making a similar amount here.
I'm excited about the Steem/Steemit technology. That opens up interesting new possibilities for social media and even for on-line markets.