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I could see something like that bringing some money to a writer in the short-term. But, I don't think that it would be the cure-all, or even a cure-some for the problem that is piracy.
I think it could be somewhat of a step in the right direction, but I think there'd need to be a major tooling of this model to be enticing to writers. I wouldn't necessarily want to think "I just spent all this time writing my story, and now I'm just going to give it away and hope that someone donates money to me because they liked it."
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