I think you're right in part, but once you starting hitting the 60+ rep users you'll see that 90% of them are producing good content. People who're lazy and take shortcuts aren't happy with their megre payouts and leave quickly... only people interested in actually producing good content stick around long enough to do well :)
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Agreed and that is awesome. May we continue to rise and compete. And others come and go and that is life and we all can and should be able to exercise some choices, some freedoms, even in posting content and like beauty, the quality and the value of content is maybe to some extent and in some ways dependent and in the eye of the beholder.
Steemit isn't about subjective thoughts on our own work, it's meant to be as objective as possible, but with the current abuse of bidbots it's allowing those with bigger wallets to dictate the top of Trending and Hot pages.
You hate capitalism? Some people have bigger wallets. That is life. Some have a lot of bots working for them. Call it fair or not. But the world is full of all kinds of people including good and bad people. And Steemit will not be exempt from good and bad people and rich and poor people. Should we cry until everybody has the same amount of bots or no bots and wallets and everything? What is objective and what is subjective? Christians base their objectivity on their God. That is one way to do it. @Stefan.Molyneux talks about objectivity as well. And philosophy can help people understand objectivity. But it is still tough for some people to understand and to get to. Some people have less IQ and EQ. And some people like to post their OATMEAL haha.
I agree, but I feel like we still have people producing shit content on the regular and are getting significant payouts and comments praising them on their work.
Most of those who are now over 60 started earlier on when there was still a general honest intent to produce great content. They got to where they are now thanks to consistency and effort. But now bots have become more popular and it's helping noobs and spammers get all the reward.
I'd say 95% of the reward pool goes to those 60+... spamming is a huge problem but again, this doesn't matter if payout isn't the prime incentive!