I completely agree, except that curation rewards are both unnecessary and counterproductive to that dilution. They are counterproductive because they reward stake, which author rewards do not, and so act to concentrate stake. It is author rewards that best distribute stake, create resilience to hostile takeovers, and best leverage social media in that market.

All sorts of creators are trying to flee 2gen social media that is centralized, censored, and vulnerable to oppressive government. Decentralization is the critical 3gen advantage that can break that deathgrip governments are increasingly choking society to death with, as Twatter and Telegram demonstrate by capitulating to government oppression they cannot resist because they are centralized. Serve the market for free speech and Hive will moon, and that will better financially reward whales than maintaining their deathgrip on Hive governance through unrestrained taxation, curation rewards, and plutocratic control of the witnesses. It will also enable global resistance to increasing government oppression, and that is existentially more valuable than money, as history well reveals.