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

Clanker Broadcasting Service /cbs

weird internet kid. word rotator. yapping on /okbanger. playing with @wannanaplabs. curating in /cameron | dev + vet + HBS. 
Cameronarmstrong.org 🫡

I sort of feel like these days Journalism is more like the Arts, it's technically possible, but very difficult to make money and most rely generous benefactors or government backing, otherwise just starving for their "art"

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

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?

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.

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

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

gloom

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

tech is a much better business model than the fourth estate