Like all cryptos, early miners get large amounts if the coin is a success. This is because it is only by their mining that the coin can succeed. So there is nothing unusual about this situation.
I always like to remind people that the first Bitcoin faucet gave out 5 BTC!
.... reality? Which facet of input provides value to steemit.com?
I don't understand the question 😶
What is the justification for the steem distribution a year ago? Investment of time. Yes?
Why then does the investment of time which goes into the fuel of steemit.com - the content not get recognised? I am not suggesting that it should be recognised to the same extent but, it is this investment of time which feeds the whales and dolphin curation rewards. Without it the price of steem goes to zero. Can you see what I am saying?