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RE: Steemit is an economy purely based on whales voting
I don't think you're giving the Whales much credit. From what I've seen, they're pretty good at up-voting good, interesting content. Sure, there's a bit of luck associated with it; however, I'm a believer good content will win in the end.
Each time the whales upvote a non whale they turn a Minnow into a Tilapia :]