This is an example of what Fedwiki as Memex-Journal might look like. The idea is one stream for many notes which can be occassionally refactored into separate new or exisitng sites.
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Ward Cunningham suggests a different system of link creation besides "month" pages in Born Related.
I am still thinking through when a cluster of content becomes a site. It's easy to journal; maybe too easy. But the utimate goal is still that some of this content find places in more niche publications.