Steemit may not be optimally effective at democratizing rewards for good content but the ability to generate earnings for curation still represents a structural improvement over previous platforms like Reddit. In terms of the wealthy having an advantage by virtue of being wealthy, Steemit offers no greater leverage than platforms like facebook plus it does a better job of encouraging whales to help minnows so I wouldn't necessarily characterize it as dangerous. I do wish there was more of a middle ground between New posts and Trending or Hot but I believe the developers are certainly open to these sorts of suggestions if you keep contributing your ideas in the right channels!
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