Downvoting is an abuse of the intention of upvoters to reward content they appreciate. Downvoting by whales ameliorates the economics of Likes and confirms that Steemit will descend into a crab bucket clusterfuck eventually:

https://bitcointalk.org/index.php?topic=1558366.msg21680281#msg21680281

Essentially downvoting is censorship. Because my readers did not elect you downvoting whales to be moderators for them. You're forcing your will on readers who do not agree with you. The Internet was liberating because each person could independently publish and source information, yet now Steem wants to tie everyone's shoelaces together again by debasing everyone from a common pool of tokens in order to redistibute everyone's money collectively which is of course a power vacuum of politics clusterfuck totally in antithesis to the innovation of the decentralized Internet protocols. If you do not like my blog, then do not read it. Downvoting is inane, and should only be used to human filter spam. But you want to run your blockchain like a corporation, because it is effectively an investment security corporation. And a corporation can not have more than more CEO. So either you will have an oligarchy that takes control (if not already the case but obfuscated with Sybil accounts) or the blockchain will diverge into a clusterfuck of disagreement.

At the end game collapse is when either the whales start downvoting each other due to fighting over differing ideals and vested interests (which will be accelerated when competition is kicking Steem's butt forcing it to change or die), or an oligarchy takes control of sufficient money supply to run Steem as the corporate token illegal investment security that it is.

The power-law distribution of resources is inviolable. It is a natural outcome of economics and physics. Decentralization technologies have to overcome this fact of nature somehow. So far afaik, no one (other than myself privately) has shown how to accomplish it. Proof-of-work and proof-of-stake have not ameliorated the ill effects of the power-law distribution of resources. Ditto Steem's ill conceived voting paradigm.