Nice explanation, but... curation rewards changed on Steemit with HF20. The reverse auction period is now just 15 minutes and the author-curation rewards now go back into the general reward pool and not to the author. The author can still gain some curation rewards from his own upvote after 15 minutes.
Most of it is OK, you may wish to edit the last parts.
Very little is written in the official manual, thanks for the amendment, could you give a source HF20
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You can have a browse through here: https://steemit.com/created/hf20
The best articles seem to have dropped off the list - just checking for you...
The official details are here: https://github.com/steemit/steem/releases
scroll down to Reward Changes.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
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Thank
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit