You know man, I was born in the Soviet Union. Everyone thought all these things. There were a lot of things that were known and thought. Thinking was rampant. But no one ever opened their mouth because everyone knew that the distribution of power was unequal and they would quickly get disappeared and by opening their mouth in the first place, there was no changing anything. The bread line would still be just as long.

But look at Steemit from a different perspective. While it's a community it's also a business in a way. It has investors. These investors put in their time at inception, were allocated something or rather for whatever reason at inception, or put in their money at inception. Same as any business, they now have controlling shares. Just like the guys who invested in Apple back when. There's no freebies in investment; the guy who just signed up and invested nothing will not get a controlling share.

That aside, the whales will have to do a massive dump for Steem to crash. With the current model of Steemit, that will take quite a while. Steem thus cannot possibly crash overnight. If there's a downtrend, then we'll see it coming. For now it's a pretty solid platform.