Hoskinson on CoinDesk: “Everyday People Should Not Trust the News that They Read”
On January 19th, 2023, Cardano (ADA) and IOG founder Charles Hoskinson tweeted a video accompanied by the text, “Buying Coindesk.” Buying Coindesk https://t.co/YNJYjKhIlx The video has accumulated close to 400,000 views within the 24 hours since its publication as Crypto Twitter displays intrigue and concern about the speculative acquisition of the crypto news site, CoinDesk. Do it to so when $ada pumps we have proof that all that’s needed is to buy the media. Hoskinson talks about getting back the “journalistic integrity” of the media in his video. Should the acquisition transpire, the Cardano Founder’s assertions and convictions of bias would be put to the test due to his personal association with topics of media interest such as IOG. In his video, Hoskinson expressed his view of the integral flaws present in media outlets, which he outlined as defamatory agendas, lack of verification, bias, financial influence, minority manipulation, and an overall shortage of “journalistic integrity.” Hoskinson further commented: He notes recent controversies to back his view of the industry, including FTX’s secret funding of The Block crypto news site to “write articles in a certain direction.” Hoskinson states that he had heard “through the grapevine” that the price for acquiring CoinDesk would be “hovering somewhere around $200 million,” a 400x price increase from when DCG acquired CoinDesk for $500,000 in 2016. Hoskinson commented on the reported worth of CoinDesk, opining: “at that price point unless the financials are pretty phenomenal, it does seem to be overpriced.” The IOG founder went on to say: Charles Hoskinson’s comments on trust and integrity in journalism are reminiscent of the lead-up to the Musk effect at Twitter. DailyCoin hopes that, regardless of who takes the reins at CoinDesk, the values of independent journalism are preserved. Read about how Charles Hoskinson addresses the use of biased sources: Charles Hoskinson: Shillers “Aren’t Giving Cardano Fair Representation”
Hoskinson’s Analysis
“The failure of FTX and the excesses of 2021 really have revealed a need for better journalism. It really has gotten to a point where rank and file everyday people should not trust the news that they read. It’s just simply not honest.”
“I hope whoever ends up buying it - if it’s not me - reforms the institution, so it’s a bit more objective and fair.”
On the Flipside
Why You Should Care
Elon Musk made grand statements about what was wrong at Twitter, but has struggled to instigate meaningful change. Prominently advocating for free speech, Musk swiftly engaged in banning users who mocked him, as well as numerous journalists, against community expectations due to his prior public comments.
Read more: https://dailycoin.com/cardano-hoskinson-on-coindesk-everyday-people-should-not-trust-news-they-read/
Text source: DailyCoin.com
