@ekitcho The "pay to read" model imo mirrors YouTube's transition from rewarding (with increased visibility/page ranking) the amount of views on a video post to the amount of time spent watching a post.
I sense Steemit will need to move in this direction also; rewarding time and engagement rather than a quick "upvote/like".
Regarding posts declining, I offer the opinion that this mirrors the honeymoon period in any new relationship - after the initial euphoria, each person takes inventory as to whether this is something they want to commit to longer term or not. Obviously, the "relationship" must remain attractive for people to do so.
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The YouTube model has changed in interesting ways, beyond just the amount of views. Now, we are rewarded most (with increased visibility) when we have high continued watch time. That means we get the most credit when we someone starts their YouTube session with us and then continues to watch videos. They don't have to keep watching me, but as long as they keep watching something, anything, YouTube is happy -- because I 'activated' someone who is going to keep their eyes on YouTube. The worst is if someone ends their watch session in one of my videos. That's why folks can make playlists that of other YouTubers' content, even if they never, make a video themselves, and still make money. The goal is to get people to the platform and then keep them there. Our personal videos are just the marketing arm to bring people in and get them started.
I can see an analogy for Steemit. Steemit will want us to bring outside people to look at our blog posts -- and then to stay and look at more and more posts, anywhere on Steemit. And that's where YouTube rewards content that has value over time, because our videos stay active, with comments and earning potential, long after we have made them. That allows more opportunities for people to engage and connect and stay on the platform. People will follow trails of content if they can have interaction with the creator or others in the community.
So I could see Steemit rewarding people who bring in a blog post viewer and then leads them, or starts them, on a Steemit session that could cover many posts. It's that original post and creator that prompted someone to initially engage with Steemit. I have no idea how you would track that, but it would encourage us, as creators or curators, to get people here and keep them here in a single 'watch session'.