Make all the votes within the first 16 hours have the same time for purposes of calculating the reward. Problem solved. The bot phenomena comes mostly from the fact that milliseconds count in the current set up. Once bots have voted, there is no reason to go back and review the post. Take away the original incentive and give curators a chance to actually read the posts.
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This makes sense. I can't think of any obvious big downside. Two minor issues come to mind:
I think I agree with @markopassila's point #2 that the incentive is then to wait and vote later once you can see all the other votes. There is a tradeoff there, and it is a bit of a problem even with my proposal to do this for 1-5 minutes but I think at the 1-5 minute timescale the effect is more acceptable than it would be for 16 hours