This is a very insightful piece and a quality discussion as erupted. We are well aware of the limits of the system and are actively working toward a solution that could completely revolutionize the effectiveness of award distribution while mitigating the impacts of misbehaving whales.
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Apologies I didn't immediately see your comment. Ah I had just finished commenting that I was pleasantly surprised that you upvoted my blog post. I didn't expect any whale to upvote it.
It is great that you are open to constructive criticism. And that you recognize the value of the blog posts which erupt into discussion, because I believe the highest valued content are those that increase engagement and foment sub-communities.
My blog post is also trying to help people understand that the options available for the design are difficult. It is not any diabolical master plan. Since you and I used to debate long ago in 2013 at Bitcointalk.org, you've been trying to find a way to onboard the masses to crypto-currency. Now you have something which is sort of working and has made a big splash, but there are still big challenges remaining in order to make this scale and diversify out.
I am very active in thinking about possible design improvements and tweaks, as I am sure are all of you who are already developers for the Steem ecosystem.
Here are my old thoughts on "fair" cryptocurrency distribution.