Interesting Idea, but yes the monetizing aspect would come into play. I do think losing extra voting power would work in this case because as you can see from most of the accounts on steemit everyones voting power is around 70-100 % even very active accounts have a high voting power. One of the reasons why people get discouraged is that their posts don't get a lot of $$$ off the bat. With more people voting , more often, even small posts that are making $.05 could be making $1 and even though that doesn't seem like much I think it is. Dollars add up!

By giving people little more say in how their power is distributed I think they will have a tendency to use up that Voting Power, and thats a good thing. Think I said in the post i don't vote enough personally , i am very busy lately and it hard to get on and up vote good content. I could could just go and up vote randomly to help people get motivated but i think this is the wrong move. Having better content pushed to the top with more accurate voting is what is really needed. With more power these new users may become more active and stay active , instead of abandoning their accounts... from @dantheman's latest post I think he would agree we need this.

Having the Multiplier get cut off right when the adjustable voting % slider is available would eliminate the miss use by whales I think.