In response to @anonymint: if I'm not mistaken, steemit related posts are declining as a percentage of total posts. And whale holdings are also declining as a percentage of total steem/steem power. So I think we're moving in the right direction -- toward having a more diversified platform on multiple levels.

Could things be tweaked and refined? Of course, but I think it's a far stretch to say the reward for early voting (of content that becomes popular) defeats the purpose, let alone "destroys what you want", as you so dramatically put it.