An interesting idea for blockchain. I suppose it comes down to the distribution of the underlying tokens. If "1 person 1 vote" then it's a popularity contest. I don't necessarily want the most popular news sites: I want the most accurate. So I'm curious about a possible accountability process: are some of the token investments in an eventually verifiable outcome? That would lead better investors to have more influence.
Yo Dubious - Huge thanks for sharing this one!! Excellent article. Interesting ideas. And very relevant to the reallyread.it community!
I DO think there's a way to bring blockchain technology into the media industry. But I'm highly skeptical of this. When evaluating blockchain concepts, there are two important/distinct questions we need to ask: (1) Is this a good business? (2) Is this a good use of blockchain? (The reason I'm so bullish on BTC is because it isn't a business!!)
It's possible that I missed some important details, but I just really read this article closely and I think Trusted News is "no" and "no" to both questions.
“And then the next step is to decouple that from any server, and from any third party, and give it directly to the blockchain. So that that feedback can live on its own in that place and so that good feedback can be prized and rewarded among users, and people who are providing bad feedback won’t be. So that is the next step.”
This just isn't something that needs to happen on the blockchain.... right??
The blockchain is just a bunch of fancy good PR bullshit, it doesn't need to happen on the blockchain at all and makes even less sense on a super large established one. At best the use of blockchain is about mitigating infrastructure cost here.
But Dubious makes an excellent point which is at the end of the day this is really just going to be a popularity measure. Every single time a project like this focused on Wisdom of the Crowds for news trustworthiness pops up we end up with people either organizing votes to push their favorite to the top regardless of accuracy or making a mess of things some other way. Or they complain a lot that their fav but innacurate choice is considered to be untrustworthy.
Over and over these systems are proven to never work and AdBlock is hardly seen as the organization to operate in good faith, especially as far as publishers are concerned.
YES! For the reasons you just described, we have resisted putting an "upvote" or "like"-type feature on the comments here on reallyread.it. And, of course, on the articles themselves.
Despite what Elon Musk says, "Wisdom of the Crowds" isn't much wisdom at all. :P
An interesting idea for blockchain. I suppose it comes down to the distribution of the underlying tokens. If "1 person 1 vote" then it's a popularity contest. I don't necessarily want the most popular news sites: I want the most accurate. So I'm curious about a possible accountability process: are some of the token investments in an eventually verifiable outcome? That would lead better investors to have more influence.
Yo Dubious - Huge thanks for sharing this one!! Excellent article. Interesting ideas. And very relevant to the reallyread.it community!
I DO think there's a way to bring blockchain technology into the media industry. But I'm highly skeptical of this. When evaluating blockchain concepts, there are two important/distinct questions we need to ask: (1) Is this a good business? (2) Is this a good use of blockchain? (The reason I'm so bullish on BTC is because it isn't a business!!)
It's possible that I missed some important details, but I just really read this article closely and I think Trusted News is "no" and "no" to both questions.
This just isn't something that needs to happen on the blockchain.... right??
The blockchain is just a bunch of fancy good PR bullshit, it doesn't need to happen on the blockchain at all and makes even less sense on a super large established one. At best the use of blockchain is about mitigating infrastructure cost here.
But Dubious makes an excellent point which is at the end of the day this is really just going to be a popularity measure. Every single time a project like this focused on Wisdom of the Crowds for news trustworthiness pops up we end up with people either organizing votes to push their favorite to the top regardless of accuracy or making a mess of things some other way. Or they complain a lot that their fav but innacurate choice is considered to be untrustworthy.
Over and over these systems are proven to never work and AdBlock is hardly seen as the organization to operate in good faith, especially as far as publishers are concerned.
YES! For the reasons you just described, we have resisted putting an "upvote" or "like"-type feature on the comments here on reallyread.it. And, of course, on the articles themselves.
Despite what Elon Musk says, "Wisdom of the Crowds" isn't much wisdom at all. :P