This seems to be missing the point (maybe my wording is at fault). If somebody I know has 49 people voting for them, they might be selected under this system. If I nominate them, because I also think they might be a good candidate, I stop them from having any chance of being selected. The only time my vote is definitely helpful to somebody is if most people they know definitely wouldn't trust them.

(Not to mention how easily the system is gamed by a membership groups orchestrating nominations. Pick 10% of your membership and get the others to nominate them and you'll have a lot of people in the hat. To be sure these candidates will be in the lottery, they'll want to select people who aren't well respected outside the group....)