RE: Hanging onto Steem Power is about a lot more than wealth accumulation. It is also about the future of the steem blockchain.
Flawed is right, "broken" is another way to put it. People/supporters can upvote or "buy" the produced content of others with upvotes, and all it takes is one rich petty plutocractic ruler to come along, and say hey I don't like you, or your post, and they just flag it with their accounts or accounts, which is like "unbuying" the allocation of rewards others have supported you with and take any amount they want off if they have the SP (like 95% or even 100% of your rewards, gone!) Check my posts since the end of February and you will see what can happen when you get mistreated and challenge the authority of the Steemit power elite. Does the community at large care? Nope. Many people think these plutocratic rulers who get to do what they want with impunity are int he "right" and "good" for their behavior. It's sad.