Refreshing Ideas On Crypto Media
Bringing Back Media Integrity
I was watching an update video earlier where Charles Hoskinson (Cardano) talks about the idea of purchasing Coindesk. Apparently it is up for grabs if someone is prepared to cough up $200 million which is a tidy profit after acquiring the business in 2016 for $500K. He said the numbers have to be right and possibly he feels it is over valued for what it is.
Please watch the video as it is only 12 minutes, but is really interesting.
Watch the video here Coindesk- Charles Hoskinson
This is interesting more so on his reasoning for actually considering the purchase as he feels Crypto deserve better media coverage. We all know more often than not stories have another type of agenda and they are never in your best interest. He feels that stories are intended to manipulate the market in order to benefit a small group and is purely wrong. There is no real media one can trust and it is important to get a credible media site back again. This would not only benefit the entire crypto industry, but also this could branch out into other avenues like politics etc at a later date.
He is playing around with the idea of having a real media site with stories that actually have a veracity payment system. This would involve some type of deposit which would be lost if the story was found to be untrue.
Liability for false, misleading, or deceptive representations -- Bond or deposit to insure veracity of statements -- Maintenance of records.
How many journalists would pay a deposit standing by a story knowing if they are lying they would lose their deposit.
Another angle is to make each story an NFT which would be alive and allow readers to interact by adding more information through updates which could then allow stories to get grouped in similar topics.
The more I listen to Charles Hoskinson the more he comes across as the good guy who only wants all of Crypto to do well. Another tit bit he mentioned that we should have more media people who are close to crypto projects so whistleblowers would feel comfortable knowing who they are giving the information to. He feels things like FTX would have blown up far sooner if there was an open trusted channel available.
He mentions Hive briefly and how it works with it's tokenized community and feels this has only got to get bigger as if one could tie community driven content along with various other elements and incentives then this could work.
Then again Charles mentions that $200 million is a lot to fork out an one could develop something far bigger and better for a lot less that would be a major benefit to crypto. All types of news media have lost their way and building something from scratch may be the best way forward. This is what I think will ultimately happen so knowing Charles how long things take to develop this could be a few years before we see anything new.
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Some great ideas are coming out to clean up journalism, follow a few on Rumble and such places where one is able to talk.
This relates directly into the same idea and would be a good boost into honest media once again, any steps in this direction would be excellent. Paying a deposit with content to be constructive in delving into the honest a great idea.
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Yes I fully agree as this is needed desperately. Imagine having to do this in order to get the truth.
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Would be Great for crypto if he really do acquire coindesk... Majority is in his favour and I guess he'll come to point where deal will be fair enough.
Media really lost his rep and some YouTuber like coffeezilla are kinda much better and face of true journalism.
Well, a new era is coming ahead hopefully that would be Good enough to speak the truth without censoring!
I hope we can get media back to where it should be as this is only going to prevent FUD by speaking the truth. Manipulation is all around us and we need an honest news site on crypto.
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Agree.. hope so It will get better!
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It's good to know Charles knows about hive and knows how it works, If he is not able to grab coindesk, IT will take him years to come with something similar, it require alot of hard work. Best of luck charles.
I don't think he has any interest in following Hive and used Hive a s an example of having content tokenised within a community. Yes it would take years and possibly he can get Coindesk cheaper and make it viable.
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Very interesting! I know there are a fair share of ADA haters out there, but this guy really seems like he is on the up and up. Kind of reminds me of Willaim Quigley from WAX. We need more people who just want blockchain to succeed no matter the token.
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I see him as one of the good guys in Crypto as he does want other projects to succeed along with his.
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He has right ideas. Having said that, starting up to create an honest media from scratch will be a big challenge. Citizen journalism would be a nice place to start what we see on Hive. But, it has its own complexities and obstacles.
He would never try and copy Hive as citizen journalism is too amateurish. He is talking about proper media changing for the good.
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That will take some time and effort. Until we have these business houses owned by families running big media houses, it will only be a nice dream.
It would be hard to imagine that mainstream journalists will pay to stand by their word but he did throw out interesting ideas that could help evolve the media to a more reliable and accurate source of information. Blockchain is an impressive technology that could help bring back integrity to a lot of industries.
As we all know crypto run with news and coindesk is very big website it has huge followers if cardano owner buying it. Its very big or bullish news for cardano. Because when coindesk reported that FTX was going to crash and after that news was ruined. In the coming days, cardano can use this website to pump his coin. I myself am thinking of investing in Cardona as the market is also being bullish.
He mentioned that being biased towards Cardano would not happen and that it would be fair to all crypto. This is why crypto is in such a state as everyone is thinking like you are with fake shilling creating pumps.
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Yeah you are absolutely right. But We have seen websites like this used for the same purpose in crypto. As soon as there is good news, the market goes up and as soon as there is bad news, the market comes down. For example, coindesk was used for FTS. The crypto committee also wants that the market should not go up and down with such news, whatever facts come in the market in an original way. But I have been seeing the same for five years, as soon as any news comes, the market goes up and down.