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Strange7 comments on Imperfect Voting Systems - Less Wrong
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Downside is there would be a lot more bookkeeping involved, and a powerful incentive to compromise the secret ballot. Someone with a lot of "none of the above" votes saved up is obviously not a fan of the current government, and willing to stockpile resources toward an attempt to overthrow it, but has no actual elected representatives in that government. If some legislator proposed a program to monitor potential domestic terrorists with a level of scrutiny proportional to the cube of the suspect's reserved votes, who would oppose that program?
There are numerous systems of verifiable secret ballot, for example this one.
Why should those whom are not 'fans' of any current member of the ruling regime, never be offered a meaningful vote? That is the point of non expiring votes, that minorities will have representation at least some of the time. The fundamental test of any democracy, is whether the incumbent regime can be peacefully overthrown.