I think part of the problem is what always happens under capitalism, crony capitalism. Even with more people voting, they are likely to vote on the same things the big dogs are voting on because they are trying to gain favor with them to attract support for their posts.

That said, more participation is always a good thing. I just don't think it solves this problem. So long as this system uses HP as a determinant for how many "votes" a person gets on any issue, we will not have the fairness intended with the "one person one vote" idea those of us living in democracies have been indoctrinated with. This is not a democracy so much as a capitalist system, because how much capital you have determines how much influence you have.