This is exactly right @exyle. The more I try to understand the rewards curve, the more I feel like, I CAN'T be understanding this correctly, because this makes NO SENSE. I can get on board with 50/50 split, I'm fine with a downvote pool even though I think regular users still won't use it, but if a few whales do, to stop other whales abusing it could have a positive impact, but having all posts under 12 or 16 whatever the number STEEM get punished is ridiculous. That's the majority of the users on the platform. They want to punish 95% of users to POSSIBLY stop a handful of whales from abusing the system?
Again, I keep thinking "What am I missing? I have to be misunderstanding something"
It just seems like it spells disaster.
Doesn't it always work like that? And it will not stop the whales, nor the bots nor the scam.