Steemit has a pyramidal structure. That's the way it is and even if some people argue about this, take it or leave it.
That said, the referral program could emphasize the pyramidal structure, and amho, it's not a good thing.
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True enough. But like I mentioned the restrictions are negotiable. So it could be a flat 5 referral limit per user or something to alleviate that problem. Thanks for the feedback!
Good response, same as the defender against not voting. People tend to have ~150 friends so they could be there limit.
I am going to disagree. It has a pyramidal structure only in the sense that there are accounts (founders mainly) that have a huge capitol investment in this. Already we are seeing them use their power less and less. Really even if they were to flat out stop voting I know several people still excited to be posting here for the revenue they already get which NEVER includes a whale vote. If the value is in the platform, the value of the platform follows. My noob rookie approach anyway.