Cool, I don't think I have tried more than 4 in a day, today I did my 3 photos for the photography contest, not great ones, but my longer post will have to wait till tomorrow, I want to get the full payout for it. As well as I'm still working on it.
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As far as I know there 4 posts in 24 hours limit is still in effect with regards to the % payout penalty applied to all posts in that time frame. I've heard talk of this being lifted in the future, but I do believe the 'code' technically enforces this through reduced payouts.