The problem I see with indefinite payout is that for a chance at making someone a couple more cents years from now or locking up steem in accounts long dead, we will have to compute another pay cycle for posts after the pay cycle each time someone votes, and then we have content that is new competing with the ever increasing amount of old content.
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You make a good point. Perhaps an edit feature so the author can go back and edit for outside monetization like affiliate links as an example. If it's lost on steemit but being found in google search, the author still gets paid, and steemit still wins.