From an investment standpoint what you say makes perfect sense, and I was almost one of those early miners but found the setup frustrating. I personally hope the price of Steem continues to decline so I can see those dedicated to original content creation stick around. I am not wishing anyone financial ill will by any means, I am just looking at things a little differently.
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Totally agree. It annoys me the $000's payout to average content from some content creators with no revenue stream. It's like steeling from the unaware investor without anyone realising.