Great article, thank you for pointing it at me in the comments.
I believe @itsascam is an autoupvote bot that always upvotes certain authors.
With more new people coming into steem, the power of the big whales should eventually fade out compared to the masses. But unfortunatly right now registrations are closed...
Yeah, but we are in the same similar problem where the whales control 99% of the wealth and therefore voting power and the bots exacerbate the problem because the 'inner circle' isn't gaining membership, it's just gaining Steem aka $$$$.
if @itsascam is a bot then that name has a lot of irony, lol