Continuing here due to nesting.

the whales are consuming 90% of the voting power and that's the problem!

I mentioned it in my other comment, but basically whether I agree with you on this or not is irreverent. The reason is because it will never happen. There are a lot of reasons for this, but here are the main two:

1. Many humans are selfish, and are going to act in their own best interest. You can make the case for "this is for the good of the platform" but very few humans are actually that altruistic.
2. It will only work if every single whale agrees to it.

I actually believe that there are more 'good' whales than 'bad' ones who will genuinely do what they believe is in the best interest of the platform over themselves. So let's assume we get 90% of the whales to go along with your idea.

The problem is the 10% that are left. You would actually be giving a 100% increase (1000% actually if you count the n^2 algorithm) in voting power because they will be the only ones with a large stake in determining what posts get huge upvotes.

The worst part about it, is these people who didn't go along with the plan are the exact ones that you would not want having the power, because these are the ones that are arguably acting in their own self interest, rather than handing over their voting power for the good of the community.