Please get rid of daily reputation limit, if not on SO, then at least on MSE. On SO I can at least see both sides of the argument, but on MSE the cap seems a bit useless. Let the active members of the community flourish here.
Agreed. Between the inconsistencies in the rep limit being calculated over a daily basis (thanks to the differences in local vs. server time), and the inconsistencies that other users such as Cletus have pointed out previously, I think it is losing its popularity (if it ever really had any). It is a serious demotivator for very active users who contribute a lot to the site.
I know I and others have hit our rep limit early in the day and then completely stopped activity for the day, which cuts down the number of people who are willing to answer a question.
As I mentioned in another comment, I am also a strong advocate of raising the rep limit to something more reasonable for super-active users, such as 500 rep in a day -- if you aren't going to bother getting rid of it.
I don't know for sure whether I'd support a complete removal of the cap, but I'd at least like to see it discussed. I'm still in favour of a per-post cap rather than a daily cap, personally. That way you don't get oodles of points for trivial posts, but a large effort across many posts would reap appropriate rewards.
I totally agree that on Meta it makes very little sense indeed, but I suspect that it would be awkward (with the current code base) to have a per-site reputation algorithm. It ought to be easily pluggable, but I would guess that the pluggability would have to be designed in from the start :)
Please don't get rid of the rep cap on SO.com. Here is another story.
The rep cap on SO.com is good. It acts as a hint to limit yourself to a certain amount of time on the site each day. Of course you can stay as long as you like but the daily cap is a gentle hint that maybe you should be doing something else for awhile.
What I would like however is some consistency with above-the-cap items (accepted answers, bounties, etc) such that whether they were above the cap or not wasn't a timing issue with whether you happened to be at or above the daily cap at the time they happened.
[I know SO isn't only about reputation but, putting that asside for a moment...]
I am for changing the "daily cap" to a "per-message cap." Here's why...
It may make no ultimate difference in the reputation scores (Jeff Atwood said he tested it and it made no difference) but, since I have been a "top-scoring" user on meta.SO (temporarily, I'm sure), I can see how per-day limits might provide a diminishing incentive to contribute for some.
I asked a few vaguely interesting questions (on meta.SO) which have pretty much maxed out my daily rep thereafter. I continue contributing but, strictly from a reputation-as-incentive point of view, why bother? A few even-mildly good posts essentially "cancels out" anything else you contribute to the site for some period of time.
I can only imagine what someone who continually contributes top contents feels like. Jon Skeet could flat-out leave this site for months and still have one of the fastest growing reputations on the system. He's earned it.
But, in the interest of rewarding someone's on-going contribution to the system, maybe the rep from a single post should max-out at some point, while a continuing contribution to the site is rewarded.
Just a thought.
The only good I can speak of the Cap is that when I hit it...I often times am less-distracted by SO throughout the rest of the day :)
This is one of the few times I agree with Rich B :).
I seem to remember the daily cap limit was intended to prevent runaway rep totals, but to be honest, even with the rep cap it's already happened. Just look at the first page of the user list.
Either the daily cap needs a bump to say 500 or 1000 or just removed. It seems a bit unfair that new users to SO who are contributing great answers are hobbled by the 200 pt daily limit with no real chance of catching up with the high scoring beta crowd.
Whilst rep isn't the be all and end all, it is nice to see those numbers going up. And as some others have said, once you hit the rep cap it's a bit of a disincentive to spend a proper amount of time on a particularly gnarly question.
Personally I would suggest perhaps a sliding scale of rep cap rather than a single bump. As has been mentioned its meant to be about runaway totals. So it should probably start low that way you have to show a certain commitment of time to the site as well as "knowledge" before the site "trusts you" more. After all that was one of the primary purposes of the rep anyway.
I wonder how valuable the cap is after the user has passed 10k, unless the dev team plans to add more trusted access to even higher reps.
Or perhaps if the cap was removed after 10k John Skeet would have overflowed the counter on his account record :-)
Keep the limit. That said, one of the happiest times of my day is when my SO rep. resets. (How sad is that? :)