Well, I see you still have a really different opinion. Nothing stops bots/people from finding the most profitable posts to upvote to get the most rewards. Got nothing to do with the value of a post. So we will see that the top popular bloggers get the most votes. People will cluster around those. Newbies will have a lot of difficulties getting popular when blogging. We will have more a "winner takes it all" thing. Self votes also become more profitable I think?
I do not really believe most people buy Steem to make Steemit better (it's a pity, but that's the case I think). Most just invest in cryptos that will give them the highest ROI. If you delegate SP out, those people/bots will in a lot of cases 'optimize' their votes to get the highest ROI.
RE: HF21: What Makes Steem Valuable?