Reasonable in theory, but in practice subscribers have gone up and that's evident in the payout to authors. Also, in the vacuum of HN & FCC leaving Medium, I had no problem launching a programming pub focused on the subscriber program, finding authors (212 in the first 40 days), and readers (now hitting 25k views/day).
What's sort of lost in all of this discussion is the point of the subscriber program. The point is to higher quality articles to people who care about quality. A programmer's hourly rate is well above three figures, why would you waste your time reading low quality articles? Because sometimes they're the best available. But it doesn't have to be that way.
What's sort of lost in all of this discussion is the point of the subscriber program. The point is to higher quality articles to people who care about quality. A programmer's hourly rate is well above three figures, why would you waste your time reading low quality articles? Because sometimes they're the best available. But it doesn't have to be that way.