You may not be familiar with Jim Bursch, but you certainly know about Dash, one of the top ten cryptocurrencies (and fighting tooth and nail to remain one). With a strong community supporting it and solid plans to improve its usability and security, Dash has a bug bounty program, and Bursch is the man behind it.
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The central role of the media in the society is, at least normatively, to provide the public with essential knowledge of the state of the world that would enable people to make informed choices. In a democracy, both institutional and social media are also supposed to facilitate an open arena for public discussion and deliberation where the wide array of voices and ideas are represented. However, the reality seems to be drifting away from this ideal in dramatic ways. A handful of blockchain-driven media startups that aspire to revolutionize the news economy are different in this important sense. They hope to not just draw in people longing for good journalism, but also provide them with economic incentives to contribute their efforts to sustaining the ecosystem for substantive news. Using the versatile incentive-building tools made available by crypto economy, combined with game-theoretic behavioral modelling and principles of decentralized governance, these projects aim at nothing less than creating comprehensive community-powered marketplaces for production, distribution, and verification of news.
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