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RE: Civil Disobedience, or How To Be The Best Social Platform Ever.
It's an oligarchy right now. Voting algorithm doesn't express true virality. Fix this and Steemit would have a chance. Ignore it, and it remains a circle jerk.
I think it works ok with more stake = more influence as SP distribution is spreading. It'd take time. I'd agree there should be a balance between # of votes and stake of votes though, although I'm not too sure how to resolve that. Someone could just make many mini accounts and vote in a train and abuse the # of votes..