Reddit is not a public utility or a public square; its a privately owned space on the Internet.
Reddit is where anyone can come and tell their real story.
In the context of social media, reddit is more about the media than the personalities.
I'm all for experimenting with sortition - randomly selected representative bodies of citizens. But I don't favor direct democracy. We're busy. We have lives. There is reddit. Who has time to work out the right answer to the thousand policy choices a gov't must make all the time?
If I were a snarky Reddit user though, I would say, hypothetically, that that would just be like reading Reddit's Front Page a day later. But I'm not going to go there.
Facebook makes me hate the people I know, and Reddit makes me love the people I don't.