The current membership models haven't changed at all much. Even though customers demands have changed and the business done a 180 turn.
I don't see your idea catching on but we do need a change.
How about these ideas.
Smaller sites with a small charge and short membership. Say $5 for 10 days.
Or the user is "charged" for a number of credits. So every day he logs into the site he loses a credit. So a 30 day membership means 30 days he logs in. Not a calendar 30 days. Of course for example it could be 3 to 300 days.
The paysite side of this industry to survive needs to change itself. Memberships are just one way we can do it.
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