Great thread debunking the hysterical propaganda smearing anti-establishment Yellow Vests as the work of "Russian bots." These mass movements are driven by the very real & very large human costs of carbon taxes, mass immigration, & many other elite leftist & neocon policies.https://twitter.com/Recursion_Agent/status/1071734446959849472 …
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Could
#LightningNetwork micro-payments return journalism to profitability without corrupt sponsors and governments? Will it allow them to afford the investigative teams and resources it badly needs to be independent? I say it's worth a try: https://cryptomillionaireapp.com/blog/i-sent-letters-to-top-newspapers-asking-for-lightning-network-micropayments-here-are-their-responses-so-far/ …pic.twitter.com/NkJEDX9aht
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A big chunk of the media got corrupt because they can't possibly survive the internet without powerful, corrupt sponsors that have unlimited access to easy money. I believe a combination of Micro-payments and Sound Money can make Journalism great again
@saifedeanThanks. Twitter will use this to make your timeline better. UndoUndo
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The mental accounting cost for me, as a consumer, is very low. I'd definitely pay a fraction of a cent to read an interesting article. I'm not sure this will work, just saying it should be tried. Big media companies are losing most of the traffic behind paywalls anyways
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It's been tried many dozens of times, several times a year on average for the last three decades. Failed miserably every single time. But it's a recurring daydream, so I expect many more lemmings to fly off the micropayments cliff in the future.
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As far as I know none of big guys have tried this. Perhaps a few small ones, that provided very low value information already, have failed, it doesn't surprise me at all. However, I know at least 1% of readers do purchase subscriptions for high value publications.
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Almost every major media company tried it, often several times.
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an uncensorable distributed social network would be a game-changer though
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I'd love to see that! Perhaps it could be our next project when we run out of improvements to make in our app. A huge challenge indeed
End of conversation
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Do you see other ways sound money can save journalism? Or, are you a pessimist in this regard?
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I don't know of any substantial near-term connection in this regard.
End of conversation
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