I had heard about this in passing in the past, but hadn't really had it come up for any of the content creators that I enjoy. Until last night. So I checked it out and I think it's a rather interesting idea.
Basically, you agree to pay/donate a set amount of money per piece of content created (be it an article/blog post, a video on youtube/vimeo) that goes to the creator. As a donator/subscriber/whateveryouwanttocallit you can also set up a limit for the amount of money you pay per month. Let's say the creator typically posts 10 things a month and you wanted to go with $1 per content thinking it would just be $10 a month you can set it up so you top out at $10 a month in case they do something wild and have 30 pieces of content in a month. It won't charge you $10 if they only produce 7 pieces, you would only be charged $7.
Basically, everyone pools their money together to pay for the content.
Do any of you guys have experience with this as either a creator or as a donator? What do you think about it?