“Civil is an idea that has started to turn heads, both among investors and within journalism circles. .. It’s also attracted its first publication, Popula, an alternative news and politics site run by journalist… Maria Bustillos, and joined by Sasha Frere-Jones, Ryan Bradley, Aaron Bady, and other big-name reporters. The site goes live in January.
Built on top of blockchain (the same technology that underpins bitcoin), Civil promises to use the technology to build decentralized marketplaces for readers and journalists to work together to fund coverage of topics that interest them, or for those in the public interest. Readers will support reporters using “CVL” tokens, Civil’s cryptocurrency, giving them a speculative stake in the currency that will — hopefully — increase in value as more people buy in over time. This, Civil, hopes will encourage more people to invest in the marketplaces, creating a self-sustaining system that will help fund more reporting…
Civil is also pitching its technology as a way for journalists around the world to fight censorship. Because all changes made to the blockchain are public, it’s impossible for third parties — governmental or otherwise — to change or alter the information on it without notice. “No one will be able to remove the record or prevent her organization from publishing what it wants to publish,” said Matthew Iles, Civil’s founder, referring to Popula. He also pointed to the other key parts of Civil’s value proposition, which include direct connections with readers, ease of access to financing, and a reduced reliance on third-party tech companies….(More)”.