It has been repeatedly said that voting based on number of NXT would be a democracy approach. It is not. It is severe capitalism.
Imagine that your government would be voted based on the assets you hold in your bank account.
So, what's good about people with no assets voting in populist politicians who promise them free goodies, thus bankrupting the system by making it to borrow more money from future generations? This system is bound to collapse sooner rather than later.
So, voting based on the number of assets is the most stable kind of democracy.
I have a fear, I guess not everyone will login account and vote. Proportion to the vote may be low