Dear @mcnestler

I was reading the article and some comments to get a broad overview.

Thx for your comment. I'm glad to know that you found my publication valuable.

From my perspective, you demotivate authors because they get paid less and incentivize whales which already have a lot of money.

It's clear to me that we're having very similar view on that particular issue. And we're not being heard :(

On the other hand, it is nice because you can now passively generate income with a certain amount of Steem.

Very true. But what would be a difference between STEEM and any masternode which would be giving dividents for just holding the coin. It doesnt create any value. Authors do.

I'm afraid that STEEM will turn into ponzi scheme, because right now it will encourage this kind of business model. And will encourage people who make money that way.

Yours
Piotr