It’s interesting how much money people in tech have and how trivial it seems to be raise such money. In my world with the exception of a handful of elites and trust fund kid types nobody has any money and it’s a constant struggle to find resources to fund reporting, including reporting that is very popular.

Writer, podcaster, and commentator on foreign affairs and politics. Runs /dropglobalnews

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Journalism generally speaking is not profitable, or maybe shouldn’t even be profitable in order to be objective. So it’s more like something you’d have to fund as a public service whereas in tech investment you might dream of a big return

so i mean absolutely zero shade when i ask this question (i think unbiased news is valuable), but do you think capital flows effectively to people’s revealed pref?

As in tech = has money bc people actually pay for what tech is selling vs reporting that can’t make a buck?

inb4 free things can also have value

SEO || Graphics Design ||
Web3 game testing.

I definitely know what you mean. The money in tech feel ridiculous sometimes. Like, how do you make $1 million in such a little time and you're not passing out in disbelief?

We're all tired of the misinformation storm on social media.

So, we're building the first onchain information market (in public).

Think Snopes... but onchain 😁

I am collaborating with @fffflood and other contributors on a project that utilizes the Farcaster social graph and some onchain mojo to bring transparency and credibility to the information we encounter online. By incentivizing sources to provide genuine information, we aim to change the way information is shared and consumed. 

Consider this week 1 in /the-arena.

Curious if you think something like this might have an impact

Curious if you think something like this might have an impact

https://warpcast.com/nickysap/0xf6fd1c15

You could probably mint pretty decent money in "journalism" if you're willing to align yourself with a political agenda that pushes the interests of a powerful industry or wealthy facet.  

It's difficult to get people to pay for the truth though

I'm hoping that we have a rebound from the current situation. From more polarized and mis/uninformed to somewhat more unified and serious. Stuff always rebounds right? Part of that rebound will be more money from people subscribing to news sources they like/trust.

It’s tremendously challenging to raise funding in tech. 

Those who succeed are very public about it and those who don’t, don’t shout it from the rooftops. So there’s an information bias there.

That said, yes it’s much easier to raise capital in tech than reporting. Could have a whole conversation about why that likely is. Would make a good podcast episode.

tech is a much better business model than the fourth estate

MECH stack:
farmers of matter
farmers of energy
farmers of compute
farmers of human

where should the money go then, matter, energy, human? 😉

where should the money go then, matter, energy, human? 😉 https://warpcast.com/na/0x42987bf9