If you're reading this it's too late : How the medias will take the cryptocurrencies to the next level!
This week, the media Street Press (www.streetpress.com) announced that its readers are going to pay for content in a new way.
The Game Changer :
While everybody are more and more surrounded by advertising in its life and intrusive pop ups on the internet, this media thought about setting up a new revenue income method.
As Street Press founder's saying : "Here is what we will do this week: We will offer our readers, while they read a report or an investigation on the site, that their computer works ... for the media. We will pool a small portion of the power of each of our users' computers, to perform calculations that will pay StreetPress.
In technical language, the computers of our readers will "mine" a cryptocurrency, the MONERO. The principle of decentralized currencies, like bitcoin, is that transactions are verified by computers - and the calculations made for this purpose by these computers are remunerated in cryptocurrency ." 💡😎
Would it be working for all medias?
My answer is no.
Indeed, it's difficult to imagine some short news website taking the most of mining a cryptocurrency.
And as you need a significant to mine something valuable, only the medias with long articles as investigations or portait will be winning.
What to think it about it?
Of course, you're owner of your thoughts. But first, remember that it will empower the medias' consumers to pay for what they really read.
Although, it's also just an offset of outcome as you will pay with you electricity bill and your CPU.
In favor or not, we can assume that it's far more than a new business model for medias, but above all, a new way to live for the free press.
To go further, check Coinhive : https://coinhive.com/
I look forward to knowing what's your point of view! Please, comment the post and start an argumentation ✌️
Hello William!
I really like the idea... in fact we implemented this the coinhive service on Comprendre-Steem.fr since we do not want to annoy our visitor with ads (we are also targeting a crypto-oriented community which helps).
Futhermore, the implementation of such a service is really fast and easy. It does not really requires a lot of expertise and can be added to any website.
However, I really think users need to be aware of this in order consume in the way they see fit... one could leave the page open to help the media, others might choose to close the page as soon as they finish to read.
Anyway this is a very interesting alternative to micro-payment and subscription based solutions the medias have been using until now (but do not really work apparently).
Congratulations @williambailey! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @williambailey! You have completed some achievement on Steemit and have been rewarded with new badge(s) :
Click on any badge to view your own Board of Honor on SteemitBoard.
For more information about SteemitBoard, click here
If you no longer want to receive notifications, reply to this comment with the word
STOPCongratulations @williambailey! You have received a personal award!
Click on the badge to view your Board of Honor.
Do not miss the last post from @steemitboard:
Congratulations @williambailey! You received a personal award!
You can view your badges on your Steem Board and compare to others on the Steem Ranking
Do not miss the last post from @steemitboard:
Vote for @Steemitboard as a witness to get one more award and increased upvotes!