PressCoin Update: Building the world’s first decentralised media ecosystem

Dear PressCoin Supporters,

Thank you for your support of PressCoin. Thanks to you we closed the PressCoin ICO in the third week of January, having raised $24.8m.

We are now moving ahead, armed with a mandate from people all over the world who want to see a truly independent media ecosystem.

While our initial success is inspiring, we are conscious of the responsibility now before us. We will now be able to accelerate the adoption of our decentralised media platform ecosystem.

PressCoin will support groundbreaking investigative journalism, track political candidates and encourage participation in elections; create engaging multimedia news; and foster local and citizen-powered journalism.

We will focus for the next few months on initiatives which utilise NEWS tokens to mobilise positive action in the world. Our goal is to help move news publishing from simply commenting on the world’s challenges, towards revealing concrete pathways to real solutions, led by communities for communities.

This will not be easy. We’re the first to attempt to establish a decentralised, networked, global media ecosystem.

We are proud and humbled by this start. PressCoin is the largest ever crowd-sale funded attempt to address the news crisis. We will keep you all posted on our progress in coming weeks and months.

Before we go into our plans a little further below, some important housekeeping announcements for those of you who purchased NEWS tokens.

CHECK YOUR TOKENS – DO YOU HAVE THEM?

Some token buyers are yet to receive tokens. This could be because you still need to set up your cryptocurrency wallet (to hold your tokens), or because you have not completed KYC (a requirement for bank transfer/paypal payments only). If you are unsure about next steps, and/or haven’t yet received tokens, please make sure you get in touch with us via  support@presscoin.com.

TOKEN TRADING –EMBARGOED FOR 28 DAYS

The NEWS token has been listed on the CointypeX exchange, our partner platform. We have however restricted trading for 28 days, starting from the date of closure of the ICO. We have done this to avoid unnecessary volatility, to give the token a chance to settle in the market. After 28 days the restriction will be lifted, and you will be free to trade your NEWS tokens. Trading will begin on the 16th February 2018.

WHAT’S NEXT

It’s exciting that we’ve got this far, but our work is just beginning. The PressCoin team is busy tightening up operational and governance structures, shifting gears from ICO mode, to building mode.

In coming month we will continue the build of underlying utility infrastructure, the systems to enable partner platforms and publishers to join the PressCoin universe. PressCoin will enable all-comers to make use of NEWS tokens to fuel good journalism and community empowerment initiatives.

We have two initial focuses:

  1. core infrastructure to power the PressCoin crypto-economy, for readers, for creators, for platforms and publishers;
  2. two of our flagship platforms – INSURGE, a global intelligence platform and social action network, and NextElection, a new town hall that brings together politicians, journalists, and citizens.

Both initial platforms recognise the media’s role as watchdog in the public interest – not just speaking truth to power, but enabling and empowering the people to do so.

We will also complete our evaluation process for partnerships with other businesses. Our infrastructure will be open to any organisation that wishes to support the production of independent, high quality media, so long as they adhere to PressCoin’s protocols.

Once again, thank you so much for your interest in the PressCoin ICO, and for making this endeavor such a success. Now, it’s time to roll up our sleeves and get to work.

The PressCoin Team

PressCoin federation for building platforms

Its been recognized that media producers, especially news publications, are severely challenged to provide meaningful content and value to their consumers, while having a profitable financial model. The problem is especially acerbated since distribution of news is largely controlled by a few technology giants and platforms. We present an alternative below:

PressCoin provides media houses, authors, readers, moderators an ecosystem to envisage news distribution & consumption differently. PressCoin federation is a shared ecosystem made up of media platforms which can make use of PressCoin’s infrastructure to scale and reach audiences. The PressCoin stack provides inter-operability between the applications in the ecosystems, defines specifications and provides tools for synergy: a shared set of data and services that power each platform within the ecosystem. The stack can be used by platforms to provide differentiated value to their audience without having to develop all by themselves.

As an example, take the issue of so-called “fake news”, which seems to be rampant. It is perhaps not easy to identify the authenticity of fake news using machine algorithms. PressCoin attempts to solve this issue by fundamentally changing the verification of news authenticity and moderation; not by using machine algorithms, but instead by having human moderators verify the authenticity of published content.

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Any media platform can become a part of PressCoin ecosystem, as long as they adhere to protocols and specifications of PressCoin Federation. The platforms within PressCoin can concentrate on producing meaningful content, leaving the rest to PressCoin.

PressCoin provides Layer of Abstraction to the PC platforms, which allows them to focus on content and engaging with their audience without necessarily worrying about technology complexities. The Backend Engine of PressCoin aggregates data from all platforms to provide shared services, which can be used by platforms to reach larger user base. The Infrastructure and overall Platform helps applications to scale quickly and work seamlessly with each other within the ecosystem.

A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

[Editor’s Note: This is the third email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

Good morning and happy Martin Luther King Day!

Here in the U.S.A. today we are having a holiday to celebrate the birthday of the legendary civil rights campaigner. Its a good day to reflect on the importance of functional democracy, and the role of freedom of speech in defending freedom.

In this, the third and final part of this email series I discuss how PressCoin Plc. – as a technology company – will build value for NEWS tokens. ( See previous parts here >> Email One >> Email Two )

For PressCoin, the goal of restoring a free news media to prosperity is fully aligned with the goal of strengthening democratic institutions.

“A crypto-economy for a new independent news media,” is one of the key phrases we have used over the past five weeks to help communicate the full scope of the PressCoin project.

What makes PressCoin different from most technology ICOs is that PressCoin’s business solution is this new economy for a decentralised global news industry. An economy which will  transact internally using the NEWS currency.

And it’s for this reason that in the coming few months – as soon as the ICO ends – you will see our NEWS crypto-economy get rapidly underway.


[Skip This Bit If You Are A Crypto Expert – Background #1: NEWS is a “utility token”, an expression which is often misunderstood. BTC, BCH, DASH and ETH are also utility tokens – and what this means is that they can be used as a means of exchange, to buy and sell goods and services, or to transfer money.  That being said, right now most of the trades across all cryptocurrencies are not for goods and services, the vast bulk involves buying and selling different cryptocurrencies – and over the past six months – the volumes of trading have been driven in part by the explosion of the ICO market.  Scroll to the end to see another note explaining how capped cryptocurrencies are different from regular currencies – and why they can grow rapidly in value.]


Disruptive $100 Bln Crypto Ecosystem For Global News, Using Blockchain to Compete With Titans – Coin Telegraph – 28 Dec. 2017

A Transactional Economy From Day One

PressCoin’s NEWS token is the native currency of the PressCoin crypto-economy:

  • From February PressCoin will begin selling products and services in NEWS tokens.
  • PressCoin’s SAAS software products will be priced and sold in NEWS.
  • Participants in PressCoin’s planned content, traffic, advertising, subscriptions and services markets will transact in NEWS.
  • Readers who engage with publishers using PressCoin’s blockchain engagement technologies will be rewarded for their contributions in NEWS.
  • Readers and supporters who wish to support PressCoin projects will be encouraged to do so using NEWS.
  • And NEWS will also be used to pay PressCoin’s staff including writers, photographers, developers and designers.

All this is possible because of PressCoin’s association with a new Fiat/Crypto Exchange – CointypeX – which will be listing NEWS shortly after this ICO ends on 22nd January. We are finalising the date now and will let you know as soon as it is locked in. We are also in discussions  with several other exchanges for additional listings.

Continue reading A $100 Billion Crypto Economy To Help Save Democracy And Freedom – Part 3 of 3

A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

[Editor’s Note: This is the second email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective purchasers in the NEWS token sale on the big picture for PressCoin as we enter 2018, a year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber, Hello again.

In my email yesterday I updated you on the PressCoin ICO which is closing soon.

We will be announcing the listing date shortly!

Today I want to talk about the PressCoin opportunity, as it is presented right now. News industry developments over the New Year mean our launch timing is looking pretty sweet.

To recap, PressCoin is much more than a run of the mill ICO. It’s the initial funding round for an ambitious technology platform to build solutions for a news industry suffering from acute market failurePressCoin’s economic stimulus approach to resolving the news crisis provides crypto buyers an opportunity to participate in a new cryptocurrency, NEWS, which will power a projected $100 Billion crypto economy for independent news.

Our ICO launch over the past five weeks – during a period when the entire world’s eyes were focused on the boom in cryptocurrencies – has been a perfect opportunity to showcase our project to the attention of the global market we will be targeting in 2018 and beyond.

How Facebook Will Rule The World In 10 Years– INSURGE Intelligence 29 December 2017

A Platform Giant Hits Turbulence

On December 29th PressCoin launched its INSURGE Intelligence investigative news platform into alpha with an article revealing previously unreported Facebook ties to the military industrial complex. The investigation detailed how the links pose a significant threat to global democracy, possibly a greater threat than the fake news epidemic which has been getting all the attention.

Six days later in a New Year’s message, Facebook founder Mark Zuckerberg promised to dedicate his efforts in 2018 to fixing flaws in the Facebook platform. Zuckerberg also announced Facebook is considering investing in cryptocurrencies.

Continue reading A Platform Giant Hits Turbulence Confirming PressCoin’s Perfect Launch Timing – Part 2 of 3

PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

[Editor’s Note: This is the first email of three sent to PressCoin’s thousands of subscribers over this, the penultimate weekend of the PressCoin ICO. The series of three emails updated prospective investors in the NEWS token sale on the big picture for PressCoin as we enter 2018, the year that cryptocurrencies are expected to mature.]


Dear PressCoin Subscriber,

PressCoin is a cryptocurrency project to address a wicked problem: the two decade long failure of the news industry to transition into a workable digital business model.

PressCoin is building new global markets, which trade in the NEWS currency, to service a crypto-powered news industry retrofitted with a raft of new revenue models. To accelerate this transformation, we will provide news companies with fit-for-purpose, omni-channel, state-of-the-art cloud based publishing solutions.

This forms the first version of what we call the PressCoin Operating System, and once assembled it will provide a boost of technological and financial infrastructure to an industry which is experiencing acute digital disruption. Along the way we hope to begin to heal the damage the failure of the fourth estate is doing to democratic institutions.

NEWS tokens is an opportunity to purchase a new global currency in its earliest stages, whilst supporting solutions for a critically important part of the world’s constitutional system. You can read more on PressCoin‘s plans to fix the news business in this new Coin Telegraph article, published today.

– Coin Telegraph, 12 Jan. 2018
 

Continue reading PressCoin’s Exciting Crypto-Economy To Safeguard A Free World – Part 1 of 3

Facebook Will Rule The World In 10 Years – Unless We Stop It

Very occasionally a moment arises when the actions of a small organized group of people can achieve significant important change. Today you are invited to be part of one of those moments.

This page is being used to coordinate a social media response to the PressCoin powered INSURGE Intelligence investigation into the potential for Facebook to be used by national governments and other actors to interfere with elections all over the world.

If you haven’t yet read >> “Facebook Will Rule The World in 10 Years” < < click here, or on the screenshot below and have a read. Then once you have done so – please come back here.

 

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Sometimes News Requires Public Action – This Is One Of Those Moments

In paragraph 5 of his investigation, INSURGE Founder and Editor Nafeez Ahmed calls for a public movement to act now to prevent Facebook from achieving a position of total “information domination” in public discourse.

“This story is a call to action. A call on citizens, technologists, philanthropists, journalists and beyond to take action to disrupt our current path to a dystopian, monocultural future.”

If Facebook achieves its goal of connecting almost everyone in the world it will become too useful for governments to consider regulating, a prospect that could fatally undermine democracy.


YOUR CALL TO ACTION HELP US SHINE THE LIGHT ON THIS DANGER

1. Please Share This Story About Facebook & Other Social Media

One of the most effective methods through which dominant media can tip the scales on matters of great importance, is to simply ignore them.

This is where we need your help to change the news script. And what we want you to do, dear readers, is really simple.

We simply want you to share the INSURGE “Facebook Will Rule The World in 10 Years” article on Facebook. And then if one of your friends shares it too, we want you to like their post and comment on it and spark a discussion. Hopefully if this story gets sufficient traction it will become impossible for the rest of the media – and then Facebook itself – to simply ignore it.

The easiest way to do this is to click on the share links on the INSURGE Intelligence story page while you are logged in to Facebook or Twitter.

 

Altenatively you can compose a post of your own alongside the link https://www.insurgeintelligence.com/deep-state/2017/12/23/facebook-a-danger-to-democracy – our use one of our prepared: >> texts < < and/or >> shareable images < <

Continue reading Facebook Will Rule The World In 10 Years – Unless We Stop It

Insurge Is Coming!

We are extremely proud and excited to announce the public beta of our new platform for Insurge Intelligence.

Powered by PressCoin – Insurge is a new platform for Understanding News, and moving from Understanding to Action.

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It uses a new Euclidean information model to create a unique way to represent knowledge. It allows and encourages users to See that complexity comes from interconnected and interdependent nature of systems and issues, and that no issue can truly be considered in isolation and “by itself”, for no trivial issue is unidimensional.

So dive in, start exploring, join the conversation! And support the PressCoin ICO here.

 

PressCoin is the Cryptocurrency Foundation for a Decentralized Federated News Media

To say that the news media industry has been bleeding heavily these past few years is an understatement. Journalism as a profession is simply dying out … the economics of the old model have become obsolete in a spectacularly short amount of time, leaving not just newsrooms reeling, but our world itself.

Many attempts have been made to address this crisis… PressCoin is different. For the first time, this is a truly holistic, end-to-end response to the problem faced by our planet. Bold, ambitious, but the world needs it. So how would it all work?

Blue Ocean vs Red Ocean

Here’s how Wikipedia defines Red Ocean Strategy:

Red oceans represent all the industries in existence today – the known market space. In the red oceans, industry boundaries are defined and accepted, and the competitive rules of the game are known. Here companies try to outperform their rivals to grab a greater share of product or service demand. As the market space gets crowded, prospects for profits and growth are reduced. Products become commodities or niche, and cutthroat competition turns the ocean bloody; hence, the term “red oceans”.

Making your competition irrelevant with blue ocean strategy

And here’s the Blue Ocean Strategy:

Companies can succeed by creating “blue oceans” of uncontested market space, as opposed to “red oceans” where competitors fight for dominance, the analogy being that an ocean full of vicious competition turns red with blood  … these strategic moves create a leap in value for the company, its buyers, and its employees while unlocking new demand and making the competition irrelevant.

PressCoin is very much a Blue Ocean strategy. PressCoin is not interested in fixing the whole Internet at once. No one can solve “fake news” – it has existed for time immemorial. Misinformation and disinformation have been around since the beginning of politics. Therefore in order to solve for “real news” – we must simply side-step the issue of “fake news” altogether, an simply create new worlds that bring together people around specific topics and actions. For instance, NextElection is a platform, a new digital town hall for politicians, journalists, and citizens. It creates an end-to-end experience for people to participate actively in the democratic process – bringing together relevant news, issues, people, and ratings – all around specific elections around the world – local, state, and national.

In order to create these new purposeful platforms, and in order to have them succeed, one needs to understand the state of the Internet today.

Continue reading PressCoin is the Cryptocurrency Foundation for a Decentralized Federated News Media

The PressCoin Cryptocurrency, Quintype, and the World of Funnels

Let’s start with something obvious: If you’re a business or a brand or anything at all, you need to be on the Internet

The Internet is a place to drive awareness, and this is true no matter who you are. The Internet is the place to create communities, drive people through various funnels, and then get some of them to transact. Do this enough, and you can stay in business. If you have a system in place, then you can rinse-and-repeat, and grow your business.

In a way then, all you have to do is visualize your business funnel via analytics, and optimize the flow of marketing, revenue, and profits.

Funnel Vision

There was a time when running funnels like this was fairly easy, there just wasn’t that much of an attention-challenged world! These funnel then looked like this, quite simple, really:

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At the top of the funnel was the website – only desktop versions were useful back then – and it’s where marketing engaged to drive people from “the Internet” to inside the funnel.

Continue reading The PressCoin Cryptocurrency, Quintype, and the World of Funnels