I like that you finish off with the “it’s up to steem to decide” vibe. Upvoting is exactly what it explains, voting. Every day we get a day in what we like and don’t like on the platform through votes. As long as everyone has an equal voice on the platform (which is a different argument entirely), then a quasi democracy of thought and ideals shall prevail.
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Yes that's what we have, though "equal voice" is defined as "one share one vote" instead of "one account one vote".