Thanks for sharing these insights. I agree with you on a lot of points, though #1 is one of the reasons I really enjoy this community. There's no central power overseeing activity, and no "policing" if someone does something wrong. This may seem negative at first, but it's much like the real world in that yes, you can cheat someone once, maybe even twice. But eventually, REPUTATION becomes super important because the community starts to recognize who is acting for the good of the whole community, and who is not.
Like the old saying goes, "integrity is doing the right thing when nobody is watching". Members who act with integrity will eventually be rewarded, and those who don't, won't... based on reputation alone. Keep your Steemit reputation spotless; so far, I think you're doing a great job @kevinwong.
Thanks for the great post