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RE: A new approach to Content Reward Allocation
After thought deeper, I found there is an issue with this approach: for example, if current score of a post is 0.55, a whale thinks it should get higher score for example 0.6, so she up-voted, but perhaps the score become 0.9 after the vote and hard to correct unless she revoke the vote. From this POV, dan's proposal is better: vote on the result but not direction.
This could be done under something close to the current mechanism by using reduced vote power (indeed I already do this sometimes when voting for content that is good but not great). I think that's pretty much what it means for a whale to upvote something but still believe it is really only good enough to rate slightly better than average. A full power vote would also tend to give such content a large reward, which makes little sense.
There are some other interesting aspects to this, and I may write a separate post if I have time later.