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I don't think greed is a bad (or an avoidable) thing. If you design a system where you say to people "vote like this and you will earn one dollar, but vote like that and you will earn two dollars" them voting the second way isn't surprising, and should not be judged negatively.

A system that requires, in order to function properly, participants to ignore their own immediate financial best interests is not a viable system.

A system that can be ruined by greed never had a chance in the first place.

True. But this argument doesn't prove linear is bad, nor prove it's good.
IMHO, a little greed is good, but too greed is not good, so it's good to give some financial incentives but not too many. Over-rewarding is often counter-productive.

The majority of people who learn they can make money blogging will leave when they find only a few people are getting the money. Broken promises and lies are a BIG turnoff. I don't think the majority of whales who are sucking the pool dry give a flying dutchman. Human nature.
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Can you explain why you think whales are sucking the reward pool dry?

I am new, so, I admit that I have less of a bird's eye view than most whales and dolphins, yet, after putting out posts that were probably worthy of getting more attention than a few cents or dollars and seeing Poor Quality content featured over HQ posts I considered a closer look and an open mind would behoove my pollyanna outlook. Don't get me wrong I love Steemit and the community but something is happening at Steemit. I was fortunate to experience what happens when a whale (Ned) takes an interest in a post. That event inspired me to put out HQ posts. I learned by getting involved reading many informative posts and their comments. I learned what Steemit looks to support steemians to be featured. It made sense, so, I became pickier with my upvotes but always giving out HQ supportive comments to inspire others. I'm slowly realizing something BIGGER is going on that one minnow like me is not going to change and it'll get easier to see as the pool gets smaller and the heavy weights throw themselves around a shallower pool. I'm still open to different vantage points if you have one.
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I agree...Greed is not rational, never will be... screw Ayn Rand.