Clearly this is not a commercial venture (for the writers anyway), but I don't get it as an artistic venture either. If I was part of a collaboration, I'd want my contribution to be more meaningful than fifty words.
My guess is that it won't pan out - that people won't want to participate. At least if they do, these people seem pretty up front about everything.
I am very comfortable betting, right now, that they do indeed get plenty of folks out there to participate. (I've worked in marketing too long now to ever believe that common sense exists when hope and desire are enticed, with bright shiny objects and the promise of instant glory, to override it.)
No, that's not true. He said there's a customer born every minute, and he went it with the utmost respect for the public. This was in the days when he ran the American Museum and featured incredible "oddities of nature". It was one of the newspapers at the time who quoted one of Barnum's detractors who was both jealous of Barnum's success and disdainful of the public.
Why should I pay to write your story?When I get published...I want the credit to go to me (and my agent and my editer, etc.)....not someone who couldn't write themselves and had to contract the work out to other people. Sounds nuts to me, but then, my mental stability is frequently questioned.