You analyze the rationale behind voting power on Hive, or Splinterlands. You give a fact-based explanation for why some participants have more power than others. It makes sense, but I don't look into the logic behind the power imbalance.
Life isn't 'fair'. Somebody is always going to have a bigger stake. On Hive that's votes. In life it may be influence. It may be seniority. It may be personal favor. If we look around and measure our own rewards by what someone is getting, we're never going to be happy.
If we don't like the system, move on. When you are in school, or have a job, that's not always easy to do. On Hive, it's voluntary participation. Moving on is easy.
I remember my first real job. It was very hard and very unpleasant, but I stayed because I needed the money. There was a rigid hierarchy of authority. Some days I'd come in and see workers who were lounging about, not doing much at all. And then there was me. I worked from the moment I got there till the moment I left. I had contempt for the lazy ones and for the people who allowed them to be lazy. But that was the deal. If I didn't like it, I could quit. When the time was right, I did. I never went back.
Hive is so much easier to leave. If we don't like it, cash out and go away.
It's not perfect here. I see some bullying when someone steps out of line. The powers that be come down with a heavy hand. That's true. But that's just the way it is. That's life.
You are correct off course. Hive and rather state weighted governance is not perfect. But what is? Democracy is not perfect:) we know that and living it. Socialism is not perfect, communism is no perfect, authoritarian regimes are not perfect. There is just the levels of relative imperfections what we must weigh when choosing the lesser evil.