As a trader that posts about the markets as well, I agree with you - to seek payouts on that many posts a day for chart analysis is ridiculous. Traders post this type of analysis for free everyday on platforms such as Stocktwits and Twitter.
When I author posts, I try to consider longer term time frames in my analysis - it is impossible to trade the markets profitably on a day to day basis in the manner the cited author above is insinuating by the titles of his posts, which regularly include the word "profit"!
But it points to an inherent flaw within Steemit itself and this has only been realized with time. I would contend that there should be a cap on the number of posts that one can author on any given day and seek payouts for. If the cap is exceeded, then the rewards for posts made afterwards would automatically default to "Decline Payout" until the next day. A similar constraint could be applied to comments.
What this would do is encourage users to put their best foot forward when contributing content to the platform. Authors get 75% of the rewards on posts here; therefore, the quality of the content should be commensurate with this sizeable distribution.
Thankfully this platform is no longer the stand alone proof of concept for the potential of the steem blockchain. However, it still is the predominant face of it. Like Utopian, it's about time that Steemit encourages more quality commentary, not quantity.
Quite some time ago only four fully rewarded posts per day were possible. Why not implementing that again (or even reduce the number to two posts)? One could consider it for comments as well ... Witnesses really should think about it.
I know from your other comments that you care about the platform. Maybe you are interested in some other suggestions I have made some time ago to improve it:
'Conciliation' of the reward curves?
Ideas for more justice on Steemit.
I would like to see this platform succeed. A long-standing concern for me has been that the unaddressed problems seemingly rampant throughout Steemit are steering attention away from the potential of the blockchain itself. And it's not like these solutions require extensive rework - as you noted, there used to be a cap on the number of rewarded posts per day, and that cap could easily be reintroduced.
With newer initiatives being built on top of the steem blockchain, such as Utopian, Dtube, and Dsound, I have only recently grown to appreciate its inherent potential again. The SP delegation feature could potentially attract serious interest and capital flow from the broader crypto community as I liken it to the potential of passive cash flow via proof of stake in other cryptos.
And speaking of other cryptocurrencies, I wrestle with steem's valuation relative to them. Ned Scott, the CEO of Steemit Inc, has openly declared on Twitterthat he feels steem should be a Top 10 crypto. Yet when I read through threads like this, I scratch my head at what exactly Ned might be thinking, considering all of the problems here.
Maybe his thought process is that Steemit isn't the stand alone proof of concept for the blockchain anymore, so its problems can be kicked down the road. Yet these issues need systemic solutions to help improve the perception of the blockchain and its valuation. It's obvious that until this occurs from the top down, we're all just brainstorming while whales will proceed to flag each other and pursue arbitrarily defined self-policing initiatives rather than calling for constructive changes that are applied to users across the board.
Disclaimer: I am just a bot trying to be helpful.