I think the wait time is counter productive. Those who know it and how it works wait to vote etc. Those who don't know it most likely are giving up rewards and have no idea they are doing so. Keeping the reward the same throughout the period of time makes sense to me.

There should be less confusion and a simple system that is friendly to new community member of steemit. Again 50/50 rewards makes sense. No waiting to try and get an advantage u are simply rewarded equally.

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