LBRY in NYTimes – Marginal REVOLUTION

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Final week I wrote about Elrond, yesterday one other one of many blockchain companies that I counsel, LBRY, made the NYTimes. LBRY is YouTube on the blockchain and it’s not a White Paper however a doubtlessly critical competitor to YouTube, albeit a junior competitor at current. The piece by Nathaniel Popper, nonetheless, is swarmy with plenty of bullshit innuendo like this:

Minds, a blockchain-based alternative for Fb based in 2015, additionally turned a web based residence to among the right-wing personalities and neo-Nazis who had been booted from mainstream social networks, together with fringe teams, in other countries, which were focused by their governments. Minds and different comparable start-ups are funded by outstanding enterprise capital companies like Andreessen Horowitz and Union Sq. Ventures.

Get it? With out precisely mendacity, Popper associates enterprise capital with supporting neo-Nazis. Rubbish reporting. It’s like saying final yr 75% of neo-Nazis ate at McDonald’s, their favourite all-American restaurant. Or, neo-Nazis have been identified to make use of Apple telephones to rearrange their rallies. Or neo-Nazis usually pay for his or her purchases utilizing a personal, untraceable technique of fee marked by strange symbols and broadly used to illegally buy medicine, weapons, and prostitutes.

Surprisingly, the true story is within the sub-head, “firms impressed by cryptocurrency are creating social networks, storing on-line content material and internet hosting web sites with none central authority.”

And do take a look at LBRY, a platform from which you can’t be deplatformed.

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