I've discovered something with @winstonwolfe that I never would have without reading this. So thank you for your write.
When we "edit" our posts it counts against us as a post not as an edit. If we make a crap ton of edits to a post, after we submit it, we'll essentially decrease our payout in the end because/if we've surpassed the limited amount of posts before penalty.
If we want to give people the ability to edit without being penalized, my recommendation would be to remove the function that bumps that post back to the top of Active when it gets edited.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit
That would make sense. Editing isn't new activity, it's just modifying the product of past activity.
Downvoting a post can decrease pending rewards and make it less visible. Common reasons:
Submit