"Also the idea that upvotes to posts that get more upvotes are worth more is just insane"
I agree with you on that. It's like the whales are trying to turn Steem into a private club, where new users aren't welcomed.
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That's not in their interest as falling user numbers will not help the Steem price and a lot of whales paid more for what they have. There are good and bad whales. Work with those who are don't good for the platform.