I disagree, I believe Steem is very similar in its overall purpose to Patreon. I have always thought that a mature Steem would not be as much a replacement for Reddit as it would be a replacement of Patreon.

Think what you want, but this open, universal upvote/downvote system has been recognized by Steemit Inc. to be a problem. It will either be changed or Steem will experience a slow death. Its a terrible idea to give people online that are anonymous such influential power simply for being well off. The solution is the removal of PoB for STEEM and to make it exclusively about RCs. At this point, PoB needs to be an SMT thing alone.