In all due honesty the whole thing is two faced. People who came here did so because it was trotted as the place you could earn for posting and blogging. So it was pay to play. Now a couple two, three years down the road they faced the problem of people spamming and taking advantage of the system. Now they want to implement stake to play. Really though what has stake to play shown?...basically the same pattern as those who were spamming and taking advantage of the system, a lot of people with high stake spamming junk all over the trending page for a high rate of return....I hardly call that being premium. Yeah it's premium pay to those abusing and bid bot owners but it's not building a premium blockchain by any means. In essence what they are saying is if you want to invest a large sum of money into buying steem we'll let you abuse this system all you want. The ironic part is there are many accounts out there who don't buy into bidbots and have done quite well on the platform, they'll continue to do well because they've honestly earned their way into it...on the other hand for similar like minded people they have basically made it impossible to onboard them as, in my opinion, those people producing high quality content are obviously intelligent people who aren't going to invest into a system they feel they will have to cheap-en themselves to gain back their investment in a timely fashion. I highly doubt they will onboard new accounts representing real people behind them, what I think we will continue to see is the expansion of sock puppets with those people finding creative ways to delegate to their socks, growing accounts that will let eventually let them powerdown one sock while working their other socks to enable them to do the same thing. I don't mean to sound like a debbie downer in all this but in the reality of it all it will be, in the end, why regulators will come down and regulate crypto's. I would hardly imagine that when the times comes they will not accept the excuse we didn't have any other means to deal with spammers while letting investors spam the system for profit. In the real world of things...and usually the real world does tend to come knocking, what this amounts to is nothing short of what they call giving kickbacks only in this case they are kicking back to themselves. Whatever lights their fires I guess but one day they may find themselves seriously burned.