This is absolutely a concern of mine, as well. Once you start associating compensation models based on content, you're going to run into:
- porn
- stolen content
- circlejerk upvote dorkfests
- bots, galore
That would've been my prediction - and voila, that is what we have here! Who woulda thunk it.
The thing is, cryptocurrencies are climbing so hard, so fast, without any apparent ceiling (oh, trust me, there's a ceiling...) that even something as not-completely-thought-out as this platform will still net its creators a ridiculous amount of money, and may even net content creators (like us!) some money in the process.
Doesn't mean I won't criticize it though.
RE: Can Steemit Become a Viable Content Platform?