I am not saying pay to vote is the best system. Just saying in the whitepaper they said they wanted to make ParagonOnline like Reddit and Steemit. And I have questioned the voting system months ago.
So what about those ParagonCoins (PRG)? What do they bring to the table, why are they necessary and what value do they have?
I'm not so convinced about this use-case:

Really, pay-to-vote? I'm used to Reddit's free voting so maybe I'm out of the loop. Guess I'll have to check out what drives people to pay to vote on Steemit.
So yes, I agree Paragon's current voting system does not offer an incentive to participate. The investors have little to no benefit from the outcome of the vote. Having to pay to vote makes it even worse.
What can we do about it now? I hope we can urge the Paragon Team to rethink the system and make it a win-win for everybody.