Writer coins are a real step forward. They solve the emotional flatness of Web2 subscriptions and they finally give early supporters a way to signal conviction. They turn support into an action rather than a hope. But the model exposes its own limits just as clearly. A single writer coin assumes the center of gravity is the writer. The reader knows better. Their attention is not vertical. It is lateral. It moves across ideas, not identities. Most people do not live inside one writer’s univers...
