But let's say there are a few popular bloggers, wouldn't that mean that people with automatically votes more and more for a few of the top bloggers to get the highest payout, even when a certain post is garbage?
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First of all, it goes linear after about 16 STEEM, so based on current prices, once the payout goes above $6, piling on more votes does not increase the payout on one such post more than another.
Second, even generating a high payout for a blogger doesn't directly benefit you as a voter, unless you are the blogger and are self-voting, which is a different issue.