I guess part of the problem is that the site runs off of a crypto currency. Ideally, it would make sense that everyone have equal voting power (similar to Reddit) and may the best content win. The problem arises because, in order for the crypto currency to hold any vaule, it needs to have some sort of use/demand. In theory, the demand is driven by the fact that people can buy influence on the website buy purchasing the coin. If all of the sudden all votes are equal, you can no longer buy influence and the token loses its value. I completely agree with you in that the structure is flawed, but I honestly don't know how they could fix it.