Same - I wrote on the web for 25 years (2000 to 2025). I can attribute hundreds of thousands of dollars of income to it. I no longer have any websites, as nothing came out of it for a couple years. ~90% of all my traffic ended up bots.

And if you put up a website now (without existing backlinks, etc.) bots will be >99% of your traffic.

> I hate sites like Substack because they are a single point of failure that rely on partners like Stripe for any kind of financial linkage.

The real choke point is one step up the chain with payment processors, and since 9/11 and stricter KYC with banks, there's not a reliable, widely accepted path around those regulations. Cryptocurrency remains fringe. Running a self-hosted ghost or WordPress powered blog or newsletter will encounter the same bottleneck wherever money changes hands among average-Joes online.