That’s one way to look at it. Another perspective is that regardless of content quality, you will not get consistent rewards on STEEM. You will get hit by curation groups or a whale from time to time but I think it’s better to have a baseline as it not only will encentivise people who post good content to continue to do so but also encourages powering up.
In an ideal world people would post good content and be rewarded appropriately. I believe we’ll be there one day, but we’re not there yet. In the meantime, every single person that is getting decent rewards on STEEM is via auto voting or something along those lines. If it keeps people engaged and powering up, I think it’s good.
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I can understand both your argument and the argument of @daan. I do not want to talk about whether it is objectionable to find and exploit gaps in the system. The fact is that this will always happen and that only so others will be aware of it and hopefully these gaps can be closed. Everyone has to decide which way to go. The offer is definitely seductive.