How many votes for witnesses do you current have on your account? By far, most users will not vote on a witness, just like in real life, most people don't vote. Over time, as the amount of SP is spread over a larger crowd of people, it's likely that only those with the most amount of SP will be voting and rightfully so because they have the most vested interest.

So with that said, there is obviously a potential conflict here since there are so few whales and few witnesses positions. Some of the whales are actually witnessess too making it even more complicated.

It's a difficult thing to make fair without treating whales like second rate people, but I suppose you could design an representative election system such as the electoral college.

I guess my question to you is really, do you think it's right for a 1 account 1 vote setup? Because there's 1 million accounts, but how many are actually active? Looking at those numbers makes me think that what we have ain't so bad.