I'm sorry to say that Steem/HIVE has never harnessed crowd wisdom. To harness the "wisdom of the crowd," all accounts need an equal say, and there must be mass (non-automated) participation for the consensus to be anywhere near accurate. Neither of the two elements used to tap into crowd wisdom can happen here.

This is easily abused by just making tons of accounts. Also what would be the point of even having stake if it would make no difference.