I get the point of having a limit, but 7 days still seems like a short payout time. What happens to the steem allocated by the upvotes made on a post after that 7 days? Does it count as a vote but the steem doesn't get allocated to the rewards pool? Maybe an extension to 30/60 days would be better. Thoughts?
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According to this post and its comments ---> (https://steemit.com/steemit/@shenanigator/the-ultimate-guide-to-steemit-payouts), upvotes made on a post after 7 days get no curation rewards and give no author rewards. However, the upvotes will positively affect your reputation score. If you make a comment on a post that is more than 7 days old, the comment can earn rewards for 7 days.
It seems strange that there's a cutoff, I'd like to hear the rationale for making that decision. Because long term curation of posts is where the real value of this platform could come from. As in the highest payouts over the lifetime of the platform would go to the best pieces of content consistently being curated and added to. It would also be good to do the reddit thing where the highest upvoted comments rise to the top of the reply chain.