I'd like to point out that a concerted group of whales / witnesses are really behind the capital with the "daily band clan." Centralization of the rewards due to a poorly designed algorithm (although testing was done now, and the 'bug bounty' goes to participants, as @dantheman would argue) is, at least, in my opinion, disadvantageous to any decentralized network.

I would also like to point out that we began to discuss the issue in the inability for actual competition within a day or two. Then, "The Hack" occurred and much of the development (which included improving an arbitrary precision floating point for price as a function) was put on hold while the Steemit team rolled that out.

In the meantime, rewards were still being printed for those who knew how to use the cli_wallet or write scripts.

Basically, the idea was to make a ruckus about there not being any competition due to concentration of capital due to the design of the algorithm while at the same time "band" together and pool resources to attempt to spread the liquidity rewards.