Well, i tried to point this out over a year ago.

Those nice graphs Dan showed of the payout curves...
they weren't a match to what was actually happening.
I pointed this out in words and math, but no one ever listened.

I tried to tell them that a logarithmic curve times a logarithmic curve gets really bad quickly.

And what was worse is the minimum post payout. The wall that keeps newbies out of the system. Fortunately, that was fixed by the price of steem rising, but now that it is falling, its danger of it coming back even worse.