Decentralized, Bonded News

Problem: The current state of the media suffers from a significant amount of misinformation. The incentives for journalists are often not focused on reporting truth, but rather seeking clicks (i.e. the clickbait phenomenon). Additionally, there are also little to no consequences for reporting fake news.

Idea: Anyone is free to publish a story, but you have to post a bond that if the story is found to be inaccurate you lose the bond. This forces journalists to have skin in the game with their reporting. Facts and sources need to be clearly cited and verifiable. If something is opinion or conjecture, it needs to be clearly labeled as such. Journalists could also be assigned a “truth score” that represents the number of: articles not disputed, disputed unsuccessfully, and disputed successfully.

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