Great summary!
However, I think you should have added this post:

https://steemit.com/steem/@sean-king/got-a-problem-with-steem-s-reward-system-read-this

I like how he puts it:

"However, remember that the purpose of Steem is first and foremost to place a valuable currency into circulation. Given that, there's really only one "logical" way to measure a post's value: Does it make the currency more valuable and lead to broader interest and circulation? That's it. The end. It doesn't matter how much time the author spent. It doesn't matter whether the post was eloquent or vulgar. All that matters to a rational Steem holder, especially a whale, is whether or not the post improves the value and distribution of Steem.

With this understanding, it's clear why the often-maligned make-up tutorial was rewarded so handsomely. It represented a-first time opportunity to expose Steem to a new demographic--a critically important demographic (and I don't mean just women). The beauty and fashion indusury is huge, and it "sells well". "