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drethelin comments on Karma as Money - Less Wrong
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The biggest thing karma correlates with is number of posts/comments made, unless they suck.
I meant karma per post, naturally.
Karma per comment is correlated mostly with how many people read the comment, provided that it's witty or insightful or funny or correct enough to be considered mostly upvoteworthy.
Getting such a comment in quickly (before a post is promoted) on a popular post is worth much more than that same comment made a few days after promotion.