pull down to refresh
I'd say traditional publishing was very different pre- internet (and pre Amazon).
Profits may not have been so driven by the 1% of top authors, but most people were denied the opportunity to publish. That said, I think with all creative work, the patrons and publishers have always funded more misses than hits.
Re: bitcoin, I think we are in a strange position. Incredible opportunity to earn and build on Nostr as first movers. But bitcoiners are often non-fiction readers (they do read a lot). The keenest fiction readers are 50+ women.
I tend to think that once we move away from Big Tech fremium platforms, monetizing creative work will come down to how well you can build a community.
reply
All the best stories are rabbitholes the author had to come to terms with because they couldn't escape.
I wonder if book publishing has always been a bit of a winner-takes-all game where the authors who find sizable audiences get most (all?) the profits available to writers (I suspect publisher economics are different), while the rest of us just kind of skid along with our 100 or 1000 reader audiences, doing it for the passion.
I feel dense for not being able to solve this problem: bitcoin and the internet seem like they should obviate publishers entirely, yet I haven't managed to make very many sats from fiction (my consolation prize may be that publishers don't seem to be making very much money either, except maybe KDP...)