My concern is that most people will only vote for Whales and the minnows and newbies will be left out and hard to break into the top layer. People are going to use their upvote to vote for a known poster who already gets lots of votes so they can try and ride their post. The Whales upvotes are worth a lot so they can group together and vote for each others posting keeping them at the top. I don't want Steemit to end up being dominated by a very small group of people just because they got in early.
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I think the very first users who invested heavily will always rule the roost, so to speak.
I agree. Even if their content is not worthy. If people know they will get a lot of upvotes then they will simply try to be the first to vote on their post so it seems like it ensures the top posters stay that way. I use steem simply to have fun and enjoy peoples content so I plan to keep voting for the actual content, even if its a first time poster.
That's the best way to enjoy Steemit. Read what interests us, and engage with others. Profits are nice, but not the overall motivation.