I just authored a post about this a few days earlier. My thoughts are similar in that the "Author" should be able to select the "algorithm" of their choosing. This prevents the proliferation of 'Auto-voting" and levels the field for a true consensus towards voting on "Good Content." Voting at post+1 minute or post+6 days should be equally favorable to the voter, with the goal of identifying quality versus money. A sort of a blind draw if you will.
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I would definitely at least like to try these ideas. I think they will work better, but it really would be nice to give them a week's dry run.