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RE: Is it true you only earn for 7 days after posting and nothing after?
It kind of depends on the character of an article. I've got a couple of articles on Medium that are almost 1 year old and they're still the top performing ones. They are relatively timeless howto technical guides. I'd assume that Google is my funnel. So if steemit was performing better in search engines, we'd probably see older posts keep accumulating upvotes.
I agree... a post that is well written and SEO optimized, it can easily be found by Google as a relevant article well after the fact!