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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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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Yes, but if the model works it can be used for any vertical, including political reporting, but starting with one corner of tech. Moreover, prizes can be used to incentivize primary sources to post. But let’s see if it works.

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