Even though Ned didn't sound enthusiastic or anything, I watched the whole video because I'm genuinely interested in this blockchain.

What I am confused about is the account-based voting system. That would make everyone's votes the same, right? It would be similar to YouTube in that everybody simply Likes the content. It doesn't matter whether a minnow or whale upvotes it.

If that's the case, then I guess having more SP won't really make a difference in the payouts you or others receive. The point of Steem tokens won't be to increase your voting strength but to either keep it as an investment you can sell later, or to buy bandwidth, correct? I don't understand how Delegated Proof of Stake will work in that case...