Ok. To an extent I can see what you're trying to state and I'm not trying to shoot you down here...... But a few points to take into consideration:

1. Steemit is a innovative hybrid of social media and opinion/contribution market. If you're first introduction to the platform was someone telling you you were going to get rich quick then you were lied to. Like on YouTube you're value and profit is gauged off of your followers/subscribers and like with fiat currency some have more influence or dosh to throw behind their vote no different than a contribution to a project or effort to a producer of a YouTube video who would be paid from advertisers after YouTube would take a cut.

2. Like in the real world, some have more influence than others on a market and this paradigm in any free market will never go away... unless for some reason the communist platform in economics or some other non-functioning model works. Unlikely to say the least. However, whatever you earn in your normal day to day career for whoever you work for is not going to give you more buying power than someone who makes more money than you. You can want the new car or the shiny new thing, or just the money in the bank... but you have to earn it and this brings me to my next point.

3. There are many people who have jumped on here in the past couple months with truly original content and received up votes in categories that have existed for a while. These are people who have toiled day and night at their projects and built their following slowly while engaging at every turn or have brought projects from one platform to Steemit and thus brought a following. Yes, I see the point you are attempting to make through the video about new comers catching whales attention at the start of Steemit, but like with all markets the first one in at a ground level tends to do well if the project does. The accusation of selling snake oil is one you that was made in a crypto publication in regards to Mr. Larimers approach to starting the EOS project. It's application to the Steemit project doesn't really apply and Steemit like Bitshares was built up and left to others to work on. Designers, developers, investors, all build projects up to a point of self sustainability and then leave them to grow and produce revenue only stepping in when their full on influence is required for problem solving or more investment of resources and effort. This tends to be the way things work in any market.

4. Steemit isn't Bitcoin and you're not going to get rich simply by endorsing it through creating an account or just chucking up content. As a social media platform on which people can engage in everything from building projects or creating communities it stands a strong chance. The up vote for cash is an incentive but not the only reason you should engage it. If it is then expect to do poorly and not enjoy the experience. FaceBook will always be there as will twitter to collect your data and human terrain based information to sell to others. The sale of your personal info from google to any other internet resource gives you zero in return. This holds a chance at least of some return. In the absence of return you get to socialize and engage with other like minded people. Like anything that's new it's not going to skyrocket overnight and turn you into Bill Gates for a poem, opinion, or picture of your burger at a restaurant. Like all markets it will reward industry and clever application. Food for thought.