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RE: Steemit Whales Stockpile SP: Government Spending Analogy and the Solution Revealed!
I don't think OP is doubting the meritocratic aspect, if anything it seems to me that they're addressing the fact that the ratio of influential voters to general users maybe isn't sufficient for a successful meritocracy altogether, so the solution is to distribute that voting power to compensate. Maintaining the integrity but compensating for the growing volume.
100% correct