On a more practical level, steemit can be quite complex and there is a steep learning curve.

A bit like having to learn to drive a manual (or stick shift if you're American) after having an automatic gearbox for years.

I agree that those who have invested early or invested large sums should get a bigger say, however, there needs to be some sort of balance to that. Whales, who are less than 1% of users control more than 80% of the steem power.

Now this is not as bad as Facebook, but wasn't steem meant to be different?