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RE: The Curation system needs to incentivise "Genuine Content Mining" - Be honest - Are you Upvoting... or BETTING?
I think the 30 minute penalty will become more and more effective as the system becomes more competitive. You will only be able to get significant curation rewards by finding non-obvious good content. Dan's posts are already almost entirely worthless from a curation-rewards perspective and as both human and bot voters get smarter, more and more of the "sure shots" will fall into that same category.
I didn't realise the penalty goes to the author. That's kinda cool.
Nice, thanks for clearing that up. What does happen to the penalized amount of the curation award @smooth ? Does it go to the parent author or is it simply not paid out ? Let's hope this system really becomes more effective, at the moment it seems its worth to take a penalty for some posts because you still get better curation rewards than with voting on posts which most likely will not be discovered by someone with a little bit more power. Btw...Does the curation reward grow after that 30minutes ? I mean would you get a bigger reward for finding a post after 10h which wasn't trending but suddenly starts trending after my vote than when i vote for it after 30mins directly ?
The penalty goes to the author. This rewards authors who are getting votes based on their reputation. The curation reward doesn't grow after 30 minutes; from that point forward, the full reward is available.