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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.