By naming this site "Steemit," I think the creators have revealed that it is meant to be, at least in some ways, much like reddit. What I value at reddit is that someone else has taken the time and effort to remove the chaff from content I'm interested in. If that can be done here in a distributed, decentralized way, I'm all for it but moderators seem to be doing a pretty good job elsewhere.
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Interesting perspective. I appreciate your thoughts.