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RE: The people casting votes are validating the value of that content
Yes, this is definitely a problem. The reward is not in writing good content, it is in the strategy in getting your content, whatever it might be, as high on trending as possible so that the feeding frenzy can begin.
Yup, it's just a feeding frenzy of latching onto the popular posts and being part of the fad, hoping to get curation rewards fro higher paid posts... :/ "Feed me STEEM!"