> Aren't you missing here that there's a certain threshold below which holders practically do not stake? All those people with low balances do not get this "sam

> Aren't you missing here that there's a certain threshold below which holders practically do not stake? All those people with low balances do not get this "same percentage". If some percentage p of people cannot afford to stake, and the rest do, then the stakers can at most increase their share by 1/(1-p). Just a constant. Nothing exponential.