I've lost my enthusiasm for the site too but don't consider your reasoning very sound -- despite the fact that I agree with your appraisal of the person in question.
I'm just bored with it.
It's really weird but just paying people is not enough to differentiate the site from its competitors and make you want to use it. They need something more than just a plain white medium-clone with 2005-era posting tech.
The power imbalance between the whales and the rest of us is also more disconcerting than I originally thought it would be.
Best wishes.
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