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RE: How does whaleshares differ from steem?
Thanks for the medium suggestion. I hadn't thought of that.
Isn't a more fair distribution of stake a substantial improvement?
I suppose in the end, only time will give us the answer to this question.
To answer your question, economics is like entropy. Money (value) will always actively seek to consolidate given enough time. Give a room full of people an equal amount of cash and days later 90% of money will be owned by a 1%.
Unless whaleshares can come up with a totally different tokenomics, give enough years can you'll end up with a top 10 accounts owning 90% of the coins.
I don't deny that Steem started out bad though. Those who knew of Steem early (and took the risk and expense to mine it) are now the large stakeholders you see around. I kinda just live with it now i guess.