JAKARTA Charles Hoskinson as the founder of the cryptocurrency Cardano (ADA) is reportedly interested in buying the online crypto news portal, CoinDesk. This was conveyed by Hoskinson on January 19 yesterday.
Online media CoinDesk is priced at $200 million. Cardano boss argues CoinDesk's price is fairly expensive. Even so, he will review the company's bookkeeping first. After that, Hoskinson will decide to buy CoinDesk or not.
Charles Hoskinson has a great interest in the media because he stressed on journalistic integrity. "Furthermore, he explained that Cardano has received bad news from the media in the past. The reason is, a number of media have certain agendas. In this case, he gave an example when FTX funded The Block.
Then, he argues that providing financial incentives to readers to "examine facts" from published news can be a solution to reduce hoaxes and fake news.
"When someone publishes something they put money on the table, and if it turns out that what they wrote was not true or inaccurate, they could really lose their money," Charles Hoskinson said.
He also suggested that by using NFT, readers could have a new way to interact with published news. The incentive is claimed to protect media independent reports from unwanted influences. He said it would be "very cool" if any news could be seen as a living object.
Hoskinson said the incentives would prevent Cardano from influencing media reports, as readers would actively question and interact with the news. He believes this will protect media independent reporting.
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