Friday's newsletter looks at the Coinbase "Fact Check" blog, and asks: eh, why not? https://doxa.substack.com/p/coinbase-and-the-death-of-medias …
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Part of the problem with calling Coinbase's media effort "PR", as I did when it was announced, is that you need a working definition of "media" that excludes what CB is doing. This is hard, I think, without appealing to a "public interest" factor that the public is skeptical of.pic.twitter.com/b6yvwFoxeF
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It's not clear to me why we're still granting certain private companies, which no longer have any monopoly or cartel power over distribution, a special, exclusive license to do things that are essentially weird & antisocial.pic.twitter.com/7aGC4cHWW1
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And once you ask that question, it becomes clear that a Coinbase Media arm could actually do the kind of media accountability that we have been sorely missing throughout, say, the pandemic.
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To me, I truly believe the increasingly small and groupthinky media clique needs well-resourced peer competitors that will tell stories it's not telling from angles it won't show you, & will hold its accountable in a way that it flatly & blatantly refuses to do so itself.
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The hard part for me to get my head around is that a publicly traded crypto exchange is going to actually do this. That's the leap, for me. Not that it should happen, but Coinbase & its peers are the ones to make it happen.
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At this point, I'm so fed up after the media's unexamined (by itself) megafail on COVID, that I'm willing to give pretty much anything and anyone a shot at this.
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there’s an iterative damping factor on self reflection that just rapidly shunts the activity to zero
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Replying to @DanielleFong @jonst0kes
Just browse the tweets at
@YearCovid and you'll see just how bad it was. Unfortunately, the media can't cover this without making any rational person question their credibility. It's easier to pretend they were always right, and the public's recency bias makes this easy.0 replies 0 retweets 1 likeThanks. Twitter will use this to make your timeline better. UndoUndo
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