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RE: How to Interpret steemit's post valuations
I feel like in the early BitShares / BitAssets days, asking lots of stupid questions ;)
So, I assume the popularity of posts can change quickly. For example on reddit, posts are at the very top rarely longer than a few days. If that was the same for steemit, wouldn't it create the problem, that after a while the payout to the original author and the curators would be close to zero? In other words: Wouldn't there have to be either a final deadline (time wise) or an algorithm that takes some kind of average over the life span of a post in order to calculate the payout?
That was my first steemit post!
There is payout 24hrs after the voting dies down, but that doesn't start until July 4th.
What does "die down" mean here?
It means that the payout is a stake-weighted 24 hours after each vote. The more votes there are the less each vote impacts the payout time.