Thanks for this post. It appears that steemit is replicating the feudal system in digital space. An old story.

It is not just "the ugly reality behind steemit". It is the ugly reality behind any exclusive system that is structured to benefit a few at the expense of many. It is the ugly reality behind capitalism itself. The solution is worker-owned cooperatives, i.e. socialization, with strict caps on income/benefits. I'm all for disparity in outcomes, with a few talented hard workers making more than the others. More as in twice as much, or thrice as much, or maybe even ten times as much. But when the disparity gets much beyond that, it is excessive and no longer plausibly represents differences of talent and effort. Just like pay for company presidents, 50 years ago, was ten times that of the lowest grunt on the assembly line. Now, it is more like five thousand times that of the lowest paid, or even more. That's ridiculous, and socially ruinous.

Thanks for the heads-up about Yours Network.