If more people would prefer reputation ans number of upvotes, the the cash payout, it would be better for the platform long term, in my opinion. Once you have a stable audience, and better yet write posts that create i teresting discussion (something I am yet to acheive, but see that is something doable) the impact of the whale votes for them would lessen.
Of course a lot of people would prefer those $300-$3000 payouts, but the way I see it it is more of a good platform to find your audience. And it already brings more value than having a personal site for quite a bit of people.
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