Instead we got a stupid global pool based on global popularity that primarily benefits PewDiePie even if I don't watch him. The compensation was barely enough to cover the lost ad revenue so it failed to actually provide a viable funding alternative for channels that aren't getting millions of views.
I hope the same thing doesn't happen with this model. If 100 people sign up at $10/month to only support CatacylsmDDA and minetest then these two projects should get $500 each (minus transaction fees). That money should not be diverted to Angular, React, Vue, ... and then when its time for the two mentioned projects they only get a pittance like $5 per month.