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RE: Despite a strange payout snafu, @winstonwolfe is NOT going to flip his script about Steemit!!
How the rewards work is explained in several places. Have a look here.
https://steem.io/getinvolved/posting-rewards/
You can also reference the Steem White Paper directly off the main site.
EDIT: As for why a post can have a bazillion votes and zero payout, and what the consequences are, you can read my article here.