I don't really see it as a question of risk, however that is an interesting point of view and one I'll contemplate...
I'm pretty sure, you'd think differently if you'd have more stake in this system, and would power up your rewards,
Nope I didn't think any differently when that was the case, in fact I was one of, if not the first people to champion rewarding comments.
OK, I've thought about it @therealwolf, I don't think you can look at it from a risk perspective because risk is relative.
So for instance you might have a net worth of a couple of hundred thousand dollars, so for you to lock up say $30,000 into Steemit for 13 weeks is not as risky as somebody whose networth is $10,000 and is locking up $2,000.
However effort is not relative here, if I take a couple of days to prepare and publish an article, or even if I take one hour to do so, that effort stays the same no matter how much or little time I have. Whereas a button click, or a couple of hours setting up an autovoter, will always take less effort than the articles it's voting for.
So yes, I still think that way, I thought that way when I had over $200,000 of Steem, and I think that way now when I have less than $1000 worth.