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I do get your point. There are people who become auto whales by investing 40k or more!

What's an "auto whale"?

I think it is a bot that votes for a high steem power user

I consider it like investing in a sole proprietorship. Vesting interest in Steemit means one has skin in the game. It is a brilliant system.

What game do they have skin in exactly? I don't know if it's a brilliant system or not - to me it seems confusing and the value proposition is still unclear to me.

Point taken.