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RE: Will Steem succeed or commit suicide?
Very nice post! I think you forget that people are actually investing real money into this platform. And of course they want a nice return of investment. Therefore, whales have to have much more influence than a minnow. Steemit is pure capitalism. The winner takes it all. But maybe there are some others ideas to promote great writers that do not have a lot of SP.
I didn't forget, and that's why I think they should get their stake of Steem Power Rewards. But investing money doesn't make you the best author or curator. That's why I think you need different reputation tags for them backed by the community.
What you are missing @emble, is that if you do that, people will not have a good incentive to buy more steem. Then the price will fall. Then, the whole system will fall.
Sure they will have! They get proceeds from every post.