I tried to rep myself, but the board doesn't allow rep masturbation.Is there also a time element involved? Like, 24 hours plus seven people before you can rep the same person again?
You can give 24 reputation comments in 24 hours. That is not 24 hours from a set time on a clock. It's 24 hours from each rep comment given. For instance, if you give all 24 comments at 1PM, your ability does not reset at 12PM with the calendar. It will reset 24 hours from 1 PM when you handed them out.
You must rep 8 different members before you can rep the 1st one again. If you look closely at the posts in this thread, you can find a perfect example of why this setting was even activated.
Those are the current settings.