If all users work purely from the interest of their own wallets over others, I am assured Steem will eventually fail.

My premise precisely (unfortunately).

The fundamental flaw in the coding. Might is right and thos with the biggest net (sp) take the most fish (rewards pool).

It's a model antagonistic, and not sympathetic to free markets. (free markets relying on the fundamentals of merit and property to function).

Merit is not relevant in the profit structure, on Steemit.