I don't see people's behavior changing based on the rewards that curations pays (whales/hoarders excluded), at least to say that curation won't happen, curation rewards give meaning to SP, then shouldn't SP necessarily be scrapped because like you said it incentivizes votes based on payout/profit rather than on curation at that point.. or am I misunderstanding it. Curation won't stop simply because there's no paying incentive to do it. People will still type and post things because they have other incentives, they will curate in pretty much the same manner. Other platforms have a decider/admin/authority that supersedes users, steem does not, which is why I think steem cannot fail, but that is not to say that it won't stunt it's growth to have such discrepancy in power between users, it's very off putting to anybody that joins when they see not necessarily self voting, or even self voting whales, but collusion of power to gain more power. I understand the steem power is actually a great thing to invest into for arbitration, but as it is now it acts more like a savings account to use in a game of big wallet little wallet and less as a tool for arbitration.
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