You do know this is exactly how Bitcoin works right?  Since solo mining is somewhere between impossible and unfeasible, you're required to delegate your vote to a pool owner, and you only get the choice of a couple to choose from.  Same thing in the end game of PoS where it's already guaranteed others will be pooling stake for faster payouts, thus forcing you into doing so as well.  Otherwise you would get like 1 block per decade, which does nothing to help security, and nobody participate in that payout model in the first place.

PoW, PoS, and DPoS all use delegation, and thus reputation.  Emunie appears to be using reputation as well.  They're all more similar than different.  On the other hand, PoW and DPoS have fault correction systems where you can just change your vote by changing pool or delegates if something bad happens.  If something bad happens in Emunie, there's probably no manual fault correction tool like this available to users to fix the network again.  Then what happens?  It's also a partitioned network, so the simple act of updating it can also blow it up.

Due to the simple fact that you can't upload these monetary systems to the internet and have them function like a virus where they run forever with no human intervention, it might be a huge design error not building manual correction tools into the system.