Anybody with more rep than you, you mean? I feel like it also gets used by folks when they're determining whether or not a particular comment is spam. I've seen innocuous (if spammy) comments get flagged if the author of them had a low rep, and the same kinds of comments not get flagged if the author has a decent rep. It influences behavior, and so has an indirect impact on Steem supply, but I can see your point.
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