Having everybody vote on what's best hasn't turned out as hoped

*The practice seems commendably open, democratic, and market-driven, but...*
	-- It's proven susceptible to manipulation and gaming the system.
	-- items that are already popular can have too much of an "attention advantage" over new items.
	-- Even in the best of circumstances, not all users/voters have equally good taste.
	-- Attention tends to end up focused on material that meets mass tastes.
	-- The natural sweet spot of independent content sites is something other than mass tastes.