@Tibra;
There is also another point.
Think that all the 20 000 users are non-spammers and original content creators.
Nobody is using bid-bots.
The steem created per day for the reward pool is approximately 50 000 Steem/day.
Which means, 40 000 posts will receive 1.25 Steem (3.75 SBD with 3.00 feed-price) on average.
We also know that bid-bots use 12 000 steem per day to give to approximately 3000 posts.
This leaves us to 38 000 steem in reward pool for 37 000 posts further decreasing the average pay out to 1 Steem per post.
Can you see the noise? These 37 000 posts each day must be heard by whales or dolphins to have a meaningful reward.
It is an issue to further think how power can be given to community so that every good post has an equal chance of being rewarded.
FD.