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RE: Why Inequality on Steemit is NOT so Good Thing!
The thought experiment just takes it one step further than what you propose and shows that even with more distribution than your proposal, power/money consolidation will still be an issue. Consolidation will inevitably happen due to the underlying dynamics in the fiat/asset world.
In other words, a more fair distribution is a short to mid-term condition and never stays that way in the long run.
Ok, so how to solve this problem? Or you don't think it is a problem at all?
By the way, two years earlier I've written this concept: https://steemit.com/steemit/@everythink/my-old-concept-2014-of-cryptocurrency-with-low-volatility-fair-distribution-and-high-capitalization#@everythink/re-everythink-my-old-concept-2014-of-cryptocurrency-with-low-volatility-fair-distribution-and-high-capitalization-20160727t212827361z
I don't think it can be solved without solving the problems in fiat and asset inequalities. If you have serious real life needs, you will cash out because you need the fiat to pay the rent, the loans, your food, etc. If you have more money than you can spend, you will buy more cryptocurrency than others can afford - because your reserve will be considered "investment money".
It can't really happen as the world operates. It's the same with everything, whether it is stocks, real estate, gold, etc. The wealthy 1% and owns >50% of the global wealth.