Thursday, August 09, 2018
Civil Media proposes sustaining journalism with blockchain technology where the people vote with "civil tokens" on who remains published
Civil Media Company has a video in which it proposes a decentralized blockchain model for creating sustainable journalism.
The video starts out by noting the "It's Free" model for the Internet (Reid Ewing's little 2012 short film on "the library") pushes monetization onto user behavior -- all onto advertising. Then users stop visiting advertisers and the business model fails.
The blockchain is called Etherium, and the originators will be called the First Fleet. There will be a Civil Constitution.
Participants can purchase “civil tokens” starting around September 18, 2018.
Material that is published stays up depending on whether people pay for it with civil tokens.
I suppose that a journalist’s reputation and ability to stay in the field would depend on earning tokens. But that would be like forcing a website down if it didn’t have enough unique visitors, or terminating a self-published book if it didn’t sell enough copies, for essentially ideological reasons (I mentioned this on my Books blog today on a coincidental issue that has occurred with CreateSpace).
I will certainly look further into this and watch it closely, before deciding how and when to participate. It’s unclear what happens in the long run to journalists who don’t join. The music in the video reminds me of Stenhammar's Second Piano Concerto, an obscure work with some very familiar tunes and themes.