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If you think this is the sort of answer that Stack Overflow should strive for, note that the author edited it too many times and it fell into "Community Wiki" status. Until this was reverted in a manual process, the author didn't receive any points for his answer.

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Well, not entirely. Reverting the CW restores the rep, subject to daily rep limit. The answer's been given 3 separate bounties (100, 100,50) which are not affected by CW.

1) It still required manual intervention from a moderator.

2) I'm certainly not an expert on how SE distributes its points, but the moderator comment in the related meta post (http://meta.programmers.stackexchange.com/questions/3527/rem...) states "I don't think there is a way to refund the reputation the answer gained while it was CW [...]"

Community Wiki is immortality.

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