Indeed. But I think it's not only a good way to distribute rewards, but also a better long-term strategy if all you want is profit.
- It helps you obtain a base of regular readers and supporters, people who not only upvote you once, but come back and give you more of their own voting power.
- By investing in good relationships and in those who follow you regularly, their votes on you will increase in value over time, allowing you to scale nicely over time.
- As mentioned in my first comment, by investing in genuine and fruitful contributions, you do help make steemit a more attractive platform, which can increase the value of your steem earnings as the price of steem goes up thanks to more people entering - and staying - on the platform.
Anyways, thank you for your effort to make steemit a more enjoyable platform. I hope I will be making positive contributions to the development of steemit as well.