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RE: Three reasons why Steem will fail
I can see the points, but on the third one you need to remember that if all viewers (or upvotes) would be equal in power, this would only attract people to create armies of bot accounts to give mad amounts of views for the posts.
Whales are no VIP users, they are either users who have invested money on Steemit or have been successful on Steemit (usually members for a long time), which gives them more impact on the posts.
We all make a difference, but we're not equal in power. This is not only a bad thing, even though it might seem like an issue for some.