I do not have an expert's perspective. But as a Steemit and crypto noob, the current system is disappointing at times. It's true that all these have given opportunity for anyone to earn. You don't even need to put in a capital when you start. But then the system mirrors the way the real world works- the rich getting richer. The gap between a whale vote and a dolphin and what more between a minnow is too big, like the gap of the rich and the poor.

And someone told me that some people treat you based on your SP and I have observed that happening. If we have the same vote value, this could also change the way some people treat others. And there will be real decentralization because everyone has the same influence and power isn't concentrated to a few.