The reputation system will drop the value of STEEM; before the change an incencive to buy STEEM would have been to gain power on this platform.
This has changed, since now @dan is the highest in the chain of reputation and basically now decides what's cool and what's not.
The capitalistic scheme of moneytizing on ideas has been corrupted now.
We have a single moral authority that 'rules and divides' the reputation.
I'm not happy about his.
This could be the start to something even worse
You still have the same power to change and promote posts with the pirchase of steem power. As long as you don't have a negative reputation, most likely your posts will be read. The community needed to be rid of the many trolls and spam bots that started increasing in popularity. Actually the highest in the chain is @stellabelle, and reputation is not based solely on the dollars in your wallet. I respectfully disagree with your post here, but understand your position.