RE: Why There Is No Such Thing As "Draining The Reward Pool"
With the ability to downvote, as was possible in the past, it would be possible to limit what might seem like obscene amounts of reward going into one post. I think it is a necessary balance to the Steemit ecosystem.
It may even be necessary to retain authors. Look at the Charlie Shrem post just recently. His post concerned the bandwagon effect that occurs everytime he posts and his sense of being over rewarded for his posts. He could decline payout, but I'm sure he feels that some reward would be nice. Just not the crazy amounts he gets at the moment. From this perspective, being able to downvote his posting, would bring some balance again.
I agree that 'draining the rewards pool' is a scarcity mindset. It comes I think from that lack of control that people feel over the process. Let's put that control back into the hands of the miserly and let them have their say. :-)
Define "obscene amounts of rewards going to one post".
That's the subjective judgement each individual would exercise by using the up/downvote. Everyone decides for themselves what 'obscene' is. Thereby feeling like control is, at least theoretically, in their hands.
If it's subjective, then it's not "correct". The term "correct" means "free from error; in accordance with fact or truth."
I'd simply say, I disagree with your definition of the value of subjectivity.
A subjective judgement can be 'true enough' for the purpose of moving forward in a pragmatic way, given an existential condition of 'not knowing'. We do what we can with the information we have. We discriminate. We make judgement calls. That is how we move past fear of the unknown and progress through a life of infinite potential for suffering and chaos. We act by instinct and conditioning. Subjectivity does not equate to incorrect. It implies a limited perspective and that is an existential condition of humanity.
We can choose for ourselves what is obscene, without being hindered by another's subjective objectivity.
I just pointed out that subjective does not equal "correct", which is the claim of people complaining about "draining the reward pool". All I'm saying is that their claim is based on false assumptions.
For what is worth, I think there is only subjectivity, because we're inherently limited. There is no universal truth that we can understand, unless we transcend our current condition.
Followed :)