Yes, unfortunately this is the problem of doing a massive premine and not being able to safely do an ICO to at least let perhaps 1000 people buy some coin and get a slightly better distribution.

To be honest, I think Dan and Ned should consider doing another network where the POW lasts for something like forever.

I understand people making the software need to be rewarded, but I do not like the grandfather effect - meaning that when we're all dead or pretty damn old the youngest generation has no incentive to build on this because it will be skewed to the people that inherit steem.

But perhaps that is just the natural cycles that creates business cycles. Though if that problem is not tackled and addressed by some crypto, it becomes hard for some crypto's to become like a gold standard for 100s or 1000s of years to come.