Steemit rules of the game have to change or it'll go down. At the moment power gain is stuck in a positive feedback loop which always inevitably leads to one-winner monopoly and then self destruction. Read up on your Game Theory folks!
The second big problem is the flagging system. Who in Hell thought it a good idea to give users the power to actually take away other users money and reputation? What were you trying to create here folks, Battle Royale? Lord of the Flies?
Jayzus a first year psychology or sociology student could have told you exactly where the things would inevitably go wrong and why.
/wanders off muttering incoherently...