I am very recent to Steemit, but I have already witnessed many of the same sentiments that you point out in this post. In fact, I have said the very same thing several times over, and I’ve only been participating for a few weeks. If 1% of the users truly monopolize 90% of the power and financial holdings of Steemit, then what makes it any different than any other oligarchy? If the founding users, who became Whales back when it was easy to do were really concerned about the future of Steemit, or were the liberating, even playing field, generous, voice of equality, kind of people that they profess to be: they would push for changes that would make the entire platform more equitable for all. At any rate, I don’t see that happening any time soon, and when people like us point out the disadvantages that we see in the current system, they get defensive and the finger pointing starts. It is not an even playing field at all, especially when flagging and downvotes are only provided to those of a higher position/reputation level than you. I’ll keep plugging along with Steemit, but it really is nothing at all like I heard it was. As for you @steemmatt, keep up your great work, and keep your chin up: You are not alone in how you feel. Best Regards, @Gregcar48