The Problem With ‘Sustainable Journalism’ Platform Civil

The Problem With ‘Sustainable Journalism’ Platform Civil
ôîòî ïîêàçàíî ñ : bitcoinist.com

2018-10-14 23:30

ConsenSys backed “sustainable journalism” marketplace Civil isn’t raising as much as it had hoped in its ICO. Civil’s ambitious plans have been picked apart by, you guessed it,  journalists.

Free Press or Censorship

Civil’s approach to revolutionizing journalism has been questioned in a recent post by Financial Times’ Alphaville. Like many blockchain platforms, Civil’s design is based on the ever-growing concept of “crypto-economics,” reward and monetization of activities using cryptocurrency tokens or coins.

Alphaville argues that Civil’s plan to encourage participants to challenge journalism that breaches the “Civil Constitution” by staking tokens and gained the reward if the challenge is upheld, is not “free” press. Alphaville argued this is more like censorship, and questioned Civil’s CEO, Vivian Schiller, on the use of the term “free press.” Schiller agreed that “free” might need to be changed to “independent.”

The Civil Constitution includes points like “pandering to lurid curiosity” and “disclosing any political affiliations, endorsements or agendas.” So readers, or token holders first have to recognize that news might be biased, promotional, or even, dare we say it “fake.” Schiller also responded, saying the constitution is not yet finalized.

As a challenge is upheld by other token-holders and participants voting in support – what is there to stop news publishers voting tactically against competitors? What would be the incentive to vote? Civil plans to set up an arbitrating council to manage this issue, but again the problem could be the motivations of those on the council.

The Civil ICO

Civil has revised its initial goals of raising $32 million in its ICO, down to between $8 and $24 million as new ICO projects are struggling relative to the red-hot market seen at the end of 2017, with 70 percent now underwater, as Bitcoinist recently reported. As of Wednesday, October 10, 2018, it had raised $2.1 million, with $1.1 million invested by parent company ConsenSys.

The problem could be that Civil is making it difficult for speculators, encouraging platform participants instead. NeimanLab penned a piece in September titled “How to buy into journalism’s blockchain future (in only 44 steps)” explaining the hurdles involved in buying Civil’s tokens. The ICO is set to close next week.

Admittedly, Civil has virtuous goals. A mission and new economy dedicated to journalism, “free” press, and independent newsrooms with quality reporting. Schiller explains:

Civil is a place for ethical, high-quality journalism. The Civil Constitution defines ethical journalism on Civil. People can use CVL tokens to vote and thwart bad actors or propose improvements to how it works.

The platform may yet have a few issues to work out, and the ICO results may or may not determine its success. Parent company ConsenSys is one of the largest blockchain developers in the world so it may continue to shore up the project while it gains ground. As with many blockchain projects and ICOs, Civil is a commendable proposition and another time-will-tell idea that could take off, particularly when the cryptocurrency market recovers.

Will Civil’s model work? Do you think its platform will encourage censorship or enable a more independent, free press?

Images courtesy of Shutterstock

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Forbes Blockchain Partnership With Civil in ‘Major Milestone’ for Platform

Civil, the company hoping to take journalism on the blockchain, announced a partnership with industry giant Forbes on Oct. 9 via a post on Civil’s Medium account. Civil co-founder Matt Coolidge wrote: “We’re pleased to announce a significant, new partner today—and one of the biggest endorsements yet for blockchain technology’s transformative potential for the media […] The post Forbes Blockchain Partnership With Civil in ‘Major Milestone’ for Platform appeared first on CryptoSlate.

2018-10-10 18:00


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ConsenSys’ Joseph Lubin and Amanda Gutterman Discuss Civil Partnership at TechCrunch Disrupt

Joseph Lubin and Amanda Gutterman of ConsenSys explained how blockchain technology and media companies go hand in hand during TechCrunch Disrupt; while the latest project ConsenSys is working with, The Civil Media Company, looks to create independent newsrooms in hopes of creating high-quality local, international, investigative and policy journalism.

2018-9-8 07:00


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As the world went digital, so did a majority of industries, as many forward thinkers sought a technology that could revolutionize legacy systems.  And while a majority of industries found success through the utilization of the internet and modern technologies, the journalism industry faltered, with “fake news,” plagiarism, and the like becoming the new black.

2018-8-29 15:00


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Civil’s Token Sale Requires Purchasers To Pass A Test

Civil, the “decentralized platform for independent, sustainable journalism”, will begin its token sale (CVL) on August 13th — but getting in on on the action might be harder than you think. In June of 2017, reports of a decentralized news and journalism platform surfaced, promising customers an ad-free environment where they could read the news that mattered to them.

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