This blogging platform was not created by bloggers, readers or curators. Medium has a dedicated staff of all of these adding immense value to its feed. This step was never done, and the results show it. I think there are attempts to do this now in Steemit, but as a whole, I don't think it's working too well. Perhaps in time, after all, it's still in Beta.
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I don't think Medium will ever have a viable economics. Blogging is not a high income activity consumerate with effort required.