No you really cant model it like that. Steem covers the whole world rt, so if you consider the whole population then how many representative are there? Very huge number. I think the algorithm should be tweaked as steem block chain scales....I think its a compromise to achieve the speed needed for B2C application but it wouldnt be good to dismiss a better system might be works some where else.
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No, the idea is same. For the sake of effectiveness you are not asking whole population to vote for or against when you need to make a decision. You chose delegates. Difference is, that here if your witness doesn't do the job well, you can "fire" him within 3 seconds.