Happy Tuesday, Blockfolians
The Lede
Well, I guess that’s one solution to the problems of media that isn’t going to work. Civil was a project meant to let readers directly support journalists and even spin up their own publications. The company had tried a number of unsuccessful token raises and ultimately, couldn’t find a path to sustainability. Some parts of the team will be absorbed into ConsenSys to work on identity solutions.
A project ending is never easy. For a brilliant thread on this, check out the founder of the (very successful) Udemy and the (painful flop) Sprig on failing.
What’s more, while Civil might not have been able to figure out a sustainable approach, there’s no doubt that the world is desperate for better approaches to journalism and information sharing.
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Highly Relevant Reading
Bitcoin mining pool Poolin has partnered with BlockFi to increase crypto lending
In the era of COVID-19, a group of bitcoin devs holds a lightning hackathon
The privacy-centric Brave Browser saw a big boost in April, adding 1.5m new users
Lightning Network watchtower project Eye of Satoshi gets a $100k Square Crypto grant
Community Commentary
Context is king when we’re determining whether bitcoin is a good store of value.
Daily Dirt Nap’s Jared Dillian says the thing we’re all thinking.
A Really Big Number We Should Be Paying Attention To
$5,000,000
That’s the USA’s new bounty on the head of Venezuela’s digital currency the petro. Yikes!
Final Thought
It was a little jarring, ngl.