It also translates to "The richer you are, the more his/her vote is worth and by upvoting wives/gf/buddy/friends/relatives/new-friends-they-got-to-know-on-steemit/authors-who-usually-got-upvoted-a-lot
Yes, you can upvote anyone you want, do you have a problem with that? should they ask for your permission on whom they vote? and on what basis?
even though-their-content-is-shit
Who are you to judge what content is "shit" and what is not?
There is some great content and there is some bad content, everyone can upvote and follow what they like, like anyone with lots of hash power is free to choose the coin he supports.
a portion of the daily "mining rewards" which come from the pockets of investors e.g. Laonie who invested with 400 BTC"
Everyone who holds steem is "paying" the inflation, some invested money while others invested time and work. The same applies to bitcoin too.
What a "great" idea to get ultra rich within 6 months...
Afaik you cant fork steem, you will have to find something else for your shitcoin.
I am sure steemit bloggers and the founders can sleep well at night :p
I'm sure too, but can you say the same for yourself?