All coin distribution will eventually gravitate towards a centralized distribution because that's the reality of the economic substrate (real life wealth distribution that affects holdings in the stock market, real estate, precious metals, even cryptocurrencies).

If Steemit Inc magically converted all Steem Power to Steem and gave it away to the users, most users would say "oh free money, let me cash them out" and that distribution wouldn't hold for more than a few days as investor-whales pick up the amounts dumped from the minnows.

There is some level of hypocrisy from the lower players when they are so concerned with the distribution but at the same time they are also concerned about price. They aren't *really* interested in having a bigger slice, but they complain nonetheless. What they are more concerned is dumping (which is ok) hence the price complaints. If you are looking to buy, or even cost average, you don't complain. Or you do (to create sentiment and buy even cheaper ).

The small guy is usually the guy with financial needs that are waiting to be covered by crypto-gains. This means he cannot risk exposure to anything that can lose its value. The safe strategy for him is to sell. So most of the distribution arguments are invalid. Most altcoins have developed a centralized pattern in terms of holdings over time, whether it is litecoin, dogecoin, etc. Small guys sell, big guys buy. It doesn't matter how these coins were launched, but the top wallets typically end up owning >50% of the currency.