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RE: Will Bitcoin’s Lightning Network make Journalism great again?

in #bitcoin6 years ago

"While one argument is the lack of revenue creating a lack of investigative journalism, another noteworthy argument is that in today’s society if you're not first, you're last. Prior to the social media revolution, the internet, and even radio, news was aired during primetime hours only. Therefore, news companies had time to investigate before it was time to report on the story. Today, news is streamed 24/7, 365 days a year. Therefore, news companies are feeling pressured to report the source first! Which in turn results in short cuts, exaggerations, catchy headlines, etc. With that being said, the real question is will users be willing to pay pennies for news AND patiently wait for quality content?

As everything becomes digitized, paying online is becoming the only option. No more checks and certainly no more cash. But with that, credit card sales that are under a couple dollars are not worth the hassle due to fees companies have to pay to credit card companies, such as Visa. We think micropayments offer great advantages for organizations and consumers alike. From crowdfunding, donations for charity, educational services, and of course, online content.

Lightning Network is doing just that by allowing high-volume micro-payments on the Bitcoin network. Only time will tell what companies will require micro-payments in exchange for their services."

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"Another noteworthy argument is that in today’s society if you're not first, you're last." Very true and a worthy addition to this content! Feel free to expand on my article. You can borrow from it as you wish and I'll reesteem it. Regards!