Going to try and make a few posts focusing on questions that I get asked privately where the answers may be of interest to the greater community.
Ref: https://steemit.com/steemit/@themanwithnoname/max-accepted-payout
Answer: max_accepted_payout is a Steem blockchain parameter that controls how much a post or comment may receive.
The default is 1,000,000.000 SBD and if you make a post through Steemit.com, that's what you'll get at the most. Of course, no one reached that to date.
The majority of 3rd party apps/sites that use the blockchain, like Busy, eSteem, and Tasteem leave the parameter as is.
Some apps like Dlike use custom settings. If you try to jack up a post with a low max_accepted_payout value with bid bots, you'll waste your money. It's your job to learn how 3rd party apps work before using them.
Once the max_accepted_payout is reached, the funds are distributed with the expected author/curator split.
To my best knowledge, the full (potential) amount still comes out of the reward pool and the unused portion is burned.
When max_accepted_payout is zero, rewards are declined.
3rd party apps are highly unlikely to set your max_accepted_payout to zero as a default. The majority of them rely on beneficiary rewards to pay for their service and development costs. Beneficiary rewards are nonexistent for zero.
Zero/declined posts are not drawn from the reward pool.
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