The whales we have now (unless they power down) will always have more say when voting for witnesses, posts, etc. In effect they control the platform and its future, and will continue to do so unless the code is changed, which of course they have strong influence over through their weighted voting.
I don't have a problem with them having so much power, but the problem lies within the code ensuring their power forever, and not preventing abuse of power.

Thanks for providing information and continually posting about this issue. This consolidation and concentration of power is my greatest concern for the current and future prosperity of Steemit.