Goodbye, Denver Post. Hello, Blockchain
&gt; <i>People who purchase the CVL token, a form of cryptocurrency, will have a say concerning the projects hosted by Civil — meaning that they can vote on whether one of its websites violates the company’s journalism standards, which are outlined in the Civil Constitution</i><p>This features the worst elements of public (<i>e.g.</i> the <i>BBC</i>), private (<i>e.g.</i> the <i>Wall Street Journal</i>) and patronage (<i>e.g.</i> the <i>Washington Post</i>) media.<p>Letting token owners “vote on whether...websites violate the company’s journalism standards” explicitly removes editorial independence. Worse, it ties editorial control to tokens&#x2F;votes which are bought with money. Worse still, since ownership is pseudonymous, there is no way to detect someone (<i>e.g.</i> a wealthy individual, company or foreign government) amassing control across disparate wallets. Pseudonymity also makes shaming owners for bad behaviour difficult or impossible.