It should have been 1 account 1 vote, with no stake weighted voting, but they allowed people to create bot armies so it can never happen now. There are other ways to encourage people to hold SP like making a part of the rewards go to staked coins as interest.
1 account 1 vote is exactly how you incentivise weasels to create bot armies. Dan Lirimer already thought that out very well when he first wrote the steem whitepaper.
The current stake-weighted voting has the double benefit of requiring people not only to financially invest in Steem but also take part in the social network.
Many DPOS / Masternode blockchains out there where their investors don't give a hoot about what's happening but the APR. Not good for community.
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wouldn't work so well as it doesn't incentivize anyone to powerup unless the interest was very high. it is 1.9% i think now. The 1 account thing would require KYC of some sort and people won't do that in crypto... yet.