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Once you reach the daily reputation cap of 200, does the remaining balance of earned reputation apply to you the following day or is it ignored altogether?

EDIT: After reading Charles' answer, my question would be, why do we have this cap? Say someone is incredibly active on UX.stackexchange once or twice a week, answering multiple questions and giving good feedback, why would we penalize them for condensing their contributions into a constrained time period? What are the benefits of having this cap in the first place?

SECOND EDIT: I read this What is the reasoning behind the reputation cap? and now understand more.

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It is gone. It wouldn't really be much of a cap if excess is carried over from day to day...

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  • I thought it may have referred to a cap for the amount to be added in a day, with the remainder being added the next day, maybe as a holding period to prevent voter fraud or something. Like if someone got 500 in one day, one of the moderators would investigate it and make sure it's legit. Jun 16 '11 at 15:49
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    I think there should be better ways (as @MattRockwell suggests) for handling this. Is the goal to discourage people from answering questions? I doubt it. Then it should fall to some level of flagging for moderators to check if there is a lot of voter fraud. Not good game dynamics like this.
    – JohnGB Mod
    Sep 29 '11 at 20:35

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