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Generaly speaking, my best rated posts are those that I spent hours with, so I don't feel bad about getting these rewards :) It is true, though, that some less effort posts by reputed people get same rewards time to time.

You don't have to feel bad for the rewards. It is what other people give you.
But it can be frustrating for new Hivers that also put a lot of effort in their posts and hardly see any rewards on their posts.
I found it very disappointing not receiving rewards nor replies.

It's not just a creative platform, Hive is also a social network. That networking is a good portion of your success, and newbies have to establish themselves to have some interactions. We all have done so.

I see your points. Anonymous downvotes are not possible from the nature of this blockchain. I prefer recieving non-anonymous downvotes if they have to come :)

Yes, retalitation is a threat that discourages people from downvoting. Perhaps curating initiatives could be used for such semi-anonymous downvotes on over-rated content (however subjective this is).

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The question is: when do we find a blog overrewarded?

I once suggested to put a maximum reward for a blog.
Is any blog worth to receive more than $100 or even $50 rewards. Despite the fact that it has taken a lot of time to create?

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And if it deserves more rewards, for instance in case of charity, people can also send tips for the blog or even send Hive directly to the user.

But I think most of the people with large stakes (and receive the most rewards) don't want a maximum 😀

It as subjective as finding content under-rewarded :)