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RE: Whales No Up-Voting Test
Steem is not 3 years old, only about a year, what are you referring to here?
You don't earn rewards, they are given to you according to votes. Working hard does not equal high payout. Quality is subjective. People are free to use their votes however they want.
It's not rocket science, you're right.
Quality is very subjective indeed. I guess all social networks - including steem have the problem how good content is measured. Steem has tried with Higher Quality = Sum of (Votes * Power of Vote). So far so good. Now the value of the post ist distributed back to the voters, those with more power get back more part of the treasure.
This leads to an expotentional growth of those which are :
started earlier than others, and thus posted more and longer.
But new people can't rally up? As they always will only get some very tiny fractions from the value.
So some could even work hard, but get not much from it.
Also it creates a "class" of rich people, medium class and working poor. Is that the social network some wants to create?