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So is this a flaw in the system? Is Steemit sustainable long-term, without a more equalizing power and reward distribution? I assume the goal is for Steemit to grow and grow. For that goal to succeed I would imagine that there needs to be a way for the distribution of rewards to be more accessible for quality posts from people unseen by the whales.

Opinions differ.

I see that. and time will tell, and I'm sure those most passionate about the long-term growth and sustainability of Steemit will make changes as they become clearly needed.