So lets say I went out and created a competing service, which is something I've considered. Now the reddit admins will ban me for violating the rules while MrGrim gets a free pass because of community politics.
Its incredible to me that reddit sells itself as being above the fray and an alternative to sites that had more patronage, when its a lot of ' meet the old boss, same as the old boss.' I suspect popular sites have a typical lifecycle. Launch, buzz, a golden period, then a decay once monetization becomes a concern, then another group of hungry 20 somethings eats its lunch.