I think this is contextual. One of the reasons YouTube is so popular is because you can learn how to do anything from it’s rich supply of content from so many authors. If they only had the potential to earn money for the first 7 days, there would be no incentive for them to post high quality, expensive videos. If you just want to see the latest meme, update from a friend, or news, the 7 day cutoff works.
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And yet... you're commenting on a 4 month old post. And I'm upvoting your comment.
It goes both ways. This is more like Reddit than YouTube, so the way it is now makes sense to me. Old posts still build followers.
I think it has the potential to be much more than either, but perhaps you’re right. I think the ability to continue to collect revenue from your content and build passive streams of income is the hope for all content creators. It’s a relevant concern if we want to build a platform that is ad free and continues to build long term value with its body of content. We’ll get what we encourage, and I think the 7 day limit encourages content that is mainly only relevant within that timeframe.