I think perhaps I see a way to make Steemit much better than Reddit by making a change along the lines I suggested, but I am not sure yet. I am working on the details. I'll probably make a blog post if I am able to come up with a ranking algorithm I feel is reasonably solid.
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Done:
https://steemit.com/steemit/@anonymint/improving-steem-s-rankings-to-cater-to-diverse-content-preferences