PressCoin aims to change the state of the public sphere with a range of interconnected platforms, built on blockchain, powered by the coin. Our ICO is next week.
This article talks about a couple of other notable attempts at fixing our state of news and journalism, and how they might relate to PressCoin. And before we begin, we at PressCoin unequivocally support all such initiatives that are trying to fix the world of new/journalism for everyone.
Let us begin by taking a look at Civil, then we’ll look at the other two, before looking into the unique aspects of PressCoin.
Medium vs. Civil
Here’s how Wikipedia describes Medium – I tend of agree more or less, you can decide for yourself:
“Medium is an online publishing platform developed by Evan Williams, and launched in August 2012. It is owned by A Medium Corporation.The platform is an example of social journalism, having a hybrid collection of amateur and professional people and publications, or exclusive blogs or publishers on Medium, and is regularly regarded as a blog host.”
So, what is Civil? It is essentially a blockchain-based decentralized version of Medium. Which, while it is well and good, isn’t a complete solution to the media industry’s revenue woes. Civil is suitable for the similar use cases as Medium is – that of an independent writer or organization that needs a hosted blog-like platform on which to share content. Some services, such as premium content and subscriptions, are not nearly enough to sustain the more enterprise needs of news organizations, for instance. In other words, Civil is also mostly a consumer product, bordering on the prosumer. It definitely has a space though, and we’re big fans.
Now let’s take a quick look at Steemit, before turning our attention to WikiTribune.
Facebook vs. Steemit
We all know Facebook, don’t we! Facebook runs the mother of all content aggregation businesses. In the guise of connecting everyone, and with its 2B+ users it certainly has, Facebook has monetized content created by others, ever since it launched the news feed.
So… what’s Steemit? Think decentralizing the Facebook model, and creating an alternate, blockchain-based Facebook. Everyone benefits. Except, for a couple of things. It doesn’t solve the media industry revenue problems, since content from existing content producers is still getting shared on Steemit. And it has a very big catch-22 problem – Facebook is Facebook because everyone is on it. There have been many attempts at creating alternatives to Facebook, but if the platform is essentially a replacement, it usually remains a relative ghost town… as everyone waits for the other to get on first. And again, it definitely focuses on the individual consumer, or the prosumer content creator. Not an enterprise solution, nor is it meant to be.
Still, a new social network that pays you to create content, and pays people to interact, and is an alternative to Facebook, we’re supportive!
#FakeNews Media vs WikiTribune
Wikitribune is basically a digital newspaper running of donations, along with a Wikipedia-like army of volunteers. Definitely a newspaper I’d read, in particular when events are breaking, and you need a balanced, verified view of the goings on. Hence their focus on verified recordings, etc.
So Wikitribune is definitely a great attempt at one aspect of the journalism industry – breaking news – particularly when we live in a world where having an unbiased view of events as they unfold can sometimes be critical. It definitely gives any major news service that plays in the breaking-news category, a solid run for their money. And as a new by-the-people-for-the-people resource within the broader journalistic and news media ecosystem, it is an addition that we wholeheartedly support!
So what is PressCoin?
Before we answer this question, it is important to take note of a couple of things. First – we now know what Civil and Steemit really are. And two – that in order to understand PressCoin, one only needs to understand the set of PressCoin platforms already under development. But first, we’ll understand the approach, the philosophy, and most importantly, the design of PressCoin, and how it creates a completely new news media universe. All this in What is PressCoin, Really. Stay tuned.
And you can support PressCoin by joining the token-sale here.