balajis on Warpcast

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NETWORK STATE NEWS I've thought about starting Network State News on Farcaster. We'd start with $1000 in prizes each day for content broadly related to startup societies and network states. For example, "generate a 60 second vertical video review of the top 10 startup societies", where the grand prize winner gets $500 and five runner ups get $100 each. But we'd also issue prizes for open source code, for book reviews, for politics and history, and for breaking news. It'd be social-native, because content would come fundamentally as public casts on an open social protocol rather than posts on a closed website. It'd be AI-native, because everyone would use AI tools like Claude, Midjourney, Runway, and Suno to compose every post. And of course it'd be crypto-native, because every post would be digitally signed, all payments would be in crypto, and everyone here would know how to cite blockchain evidence. Most of all, it'd be an experiment in decentralized global citizen journalism. Should we do it?

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One core idea is that anyone can participate, even if they're far away from NYC media, even if they're in the ascending world with a smartphone. After all, a $1000 prize goes pretty far in the Midwest and even further in India or Nigeria. Let me know your thoughts. Maybe we try this for a few months leading up to the Network State Conference in Singapore on Sep 22 (thenetworkstate.com/conference) and see how it goes.

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yuga.eth pfp

This is a very cool idea and I’m excited to see it. I think it solves a different problem, though, than what I’m pointing out. Network State News would produce decentralized reporting on bounty-incentivized topics. What Twitter is really good at is low-latency reporting on the de facto most salient topics in the world. Perhaps the two eventually converge, but for the time being they seem like two separate things.

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great idea & would be nice if we also do a community gathering/meet up alongside the conference for all participants (if they come to S.G.).

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I like the idea. Let me know if you want me to set up a dashboard for this and what data you would want me to include if you want a dashboard. Everything will be onchain or on farcaster so it would be easy to get some really cool insights!

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Edward H. Carpenter

Balaji, I think this is a great idea... I remember participating in some of the old 1729 project challenges in 2021, and nodding as you described "earn to learn" and similar principles to Tim Ferriss... Wrote about Zagreb, Croatia as a "Startup City" in response to one of those challenges - one of my favorite pieces of prompt-based writing that I did that year! https://www.shoulderkittens.com/startup-cities-what-zagreb-can-learn-from-miami-tech-week/

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@americanus.eth

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Father Morwen pfp

Cool idea, would be a great way to raise engagement in the community. Would love to do occasional contests for writing articles on how to design network states, especially DAOs as that's my prime interest.

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@stringtheory69

Interested to see if this could bootstrap some new small-size media companies like pirate radio or bankless

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@cast2save #networkstate

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Biohacker DAO pfp

Let’s do this. The space needs citizen reporting just as much as it needs citizen science. We’re here for the ride.

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Jason Goldberg Ⓜ️ 💜

It would be easy for us to automate this with Ⓜ️oxie such that: The $1000 goes to the best casts of the day, based on quality of engagement not farming The $1000 per day is automatically split between: 50% to the caster 20% to the NETWORK STATE channel’s fans 20% to the caster’s fans 10% to fans of Farcaster overall Or any other mix you want to program Let’s chat @balajis.eth

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Love this, we need to encourage more content like this and media. Pls do it! I will take part

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Jason Goldberg Ⓜ️ 💜

@balajis.eth can we chat about getting this going for you with Network State News Fan Tokens? It's doable already, we just have to activate it

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niftytime pfp

Yes. Immediate reaction is a hard yes. My next thought was that I’d love to contribute to these sorts of bounties (reminds me of old @cent “best of the internet” bounties), which makes me think others would be too 🤔

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Interesting experiment to say the least. Another core area, if I may suggest, could be culture. We're an incredibly diverse community here in web3 and have an wonderful opportunity to lean into collective culture elements. From a journalistic perspective culture lends itself perfectly to current geopolitical environment. It being on-chain and preserved is the icing.

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We are in, Balaji 🙏 Nouns News ready to go 🫡

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