Personally I think this is really lame and counterproductive to the site. It should be that a user creates a post, and every upvote has the same "weight" to it so the only way one can rise to the top is by actually being voted on the relevance and quality level by the community. The way it is now, the rich stay rich and the poor Steemiters stay poor unless they get lucky. The system is highly aristocratic and I believe will receive much backlash in the future as the power/influence gap becomes wider.
RE: I did it! I bought my first steem and powered up... Is it wrong to upvote my own content?