Moving forward whales will only become more powerful as they increase their stake by curating/investing so that part of the problem is only going to intensify as we progress into the future.
In late 2019, Steemit Inc was selling 200,000 STEEM per month to cover for development and infrastructure. That had the effect of lowering the price and making it easier for everyone to grow their stake by buying STEEM. Right now, the DAO is distributing about 4,500 HBD = 13,500 HIVE per day = 405,000 HIVE per month to fund development. The dollar value of that is more than three times the amount Steemit, Inc spent on a monthly basis in December 2019 if the 200,000 per month figure is accurate.
Steemit, Inc was able to ship many features in the second half of 2019. We can take a closer look at what the DHF funding has paid for when the summer is over.
RE: The Proposal System is fundamentally broken!