Too Long; Didn't Read
Subscriptions are great for software companies, but I do not think they are optimal for creators. Creators should avoid being seduced by subscriptions, and instead look into contributing to tokenized communities. John Palmer who successfully crowdfunded an Essay on Mirror states that the paid newsletter model only works for a certain kind of writing - something regular, consistent, and often a bit shorter. Even for writers running successful newsletters, there’s an inherent tradeoff in the subscription format: in order to monetize their content, writers must hide some of their work, behind a paywall.