I think pretty much anything is possible.... but I wouldn't want to change it TOO much. I mean, certainly someone with 2000 posts who has been here for over a year and has 3 bars of green rep deserves more rep giving power than someone with 8 posts who signed up yesterday and has done nothing but spam the forum, right?
I still think the system will work out in the long run. It's just a bit weird at first. As people start getting more rep, they will be able to give more rep, and so on and so forth. It should work.
What I could do is weight the power heavier towards current rep. That way, if some new poster comes in and is just AWESOME, they would have more power than someone who is mediocre but has been here for a long time or has made a lot of useless posts. That's a decent idea, actually...
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