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RE: What's Going Wrong With Steemit
greed is completely natural and i think the issue is mostly the system itself, as in what is allowed or not. at least steemit inc is still trying to fix shit. but when you have whales controlling most of what goes on the blockchain, it's a red flag for any community. the idea of account-based voting sounds good on paper and might even solve the issue, but we'll have to see how it plays out..
and in general if you think of it the whole thing is a bit of controversial. On the one hand we got a completely free platform that we can say whatever we want. There are some rules but not a lot follow them. An example is the promoted channel that was supposed to be for anyone that wanted to promote someone else or himself. With the bots that option is totally destroyed.
On the other hand now as you said we have some whales that basically have more power than anyone else and basically can manipulate both the market and thing around steemit