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Journalism fails miserably at explaining what is really happening to America
(www.inquirer.com)
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this post was submitted on 05 Sep 2023
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politics
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About 10 years ago, the crypto community was talking about this with regard to microtransactions. The idea was that nobody really wants to pay a monthly subscription fee to news publications, but getting someone to digitally pay 1-10 cents to read an interesting article is probably doable. Unfortunately, digital currencies became what they are today instead of anything actually useful.
Actually a better solution exists and is used to varying degrees of success in other countries. BBC, ABC, CBC to name a few. Are they perfect? No. Are they funded adequately? Probably not.
That said crypto once again is looking for a problem to solve and there's nothing to solve that isn't already solved. Fund the existing solution properly does nothing but help.
that's the fucking opposite of solving this problem
That's the whole idea behind transact.io (non-crypto), but it's had trouble catching on with news publishers because they are very risk adverse.