S2 EP2: Why Civil's Token Sale Failed




ZigZag show

Summary: Civil couldn't convince enough people that blockchain and crypto-economics were the answer to journalism’s problems. It didn't even come close to its $8m goal. But, #failure is common in the tech world. And so are <a href="https://blog.joincivil.com/whats-next-for-civil-66f2737f5c31" target="_blank">pivots</a>. On this episode, Civil Media CEO <a href="https://twitter.com/matthewiles?lang=en" target="_blank">Matthew Iles</a> acknowledges the screw-ups and explains why the company is still solvent. Plus, the second half of our Twitter and 'misinformation' explainer with research from the <a href="https://medium.com/trust-media-and-democracy/seven-ways-misinformation-spread-during-the-2016-election-a45e8c393e14" target="_blank">Knight Foundation</a>. Can you, lawmakers, or Twitter do anything to stop the falsehoods from flowing? Yes, actually. GO DEEPER: The Knight Foundation's report on <a href="https://www.knightfoundation.org/features/misinfo" target="_blank">Misinformation and Twitter</a> includes unusual and beautiful mapping of tweets. Twitter plans to <a href="https://www.theverge.com/2018/9/25/17900620/twitter-dehumanizing-speech-policy-comment-period-ban" target="_blank">ban 'dehumanizing speech'</a> and <a href="https://blog.twitter.com/official/en_us/topics/company/2018/measuring_healthy_conversation.html" target="_blank">measure 'conversational health'</a>. <a href="https://blog.joincivil.com/whats-next-for-civil-66f2737f5c31" target="_blank">Civil's mea culpa</a> and <a href="http://www.niemanlab.org/2018/10/civils-token-sale-has-failed-now-what-refunds-for-one-thing/" target="_blank">Nieman Lab's analysis</a> of the token-sale failure. In his TED talk, sociologist Duncan Watts explains why <a href="https://www.youtube.com/watch?v=D9XF0QOzWM0" target="_blank">common sense doesn't apply</a> in the digital world. <a href="https://civichall.org/civicist/civic-tech-graveyard/" target="_blank">Learning from the Civic Tech graveyard</a>. <a href="https://www.newyorker.com/magazine/2018/10/22/the-prophets-of-cryptocurrency-survey-the-boom-and-bust" target="_blank">The New Yorker's excellent feature</a> on the weird world of crypto. Who You’ll Hear: Manoush Zomorodi (@manoushz) Jen Poyant (@jpoyant) Vlad Barash Matthew Iles (@matthewiles) ZigZag is the business show about being human. Join a community of listeners riding the twists and turns of late-capitalism, searching for a kinder, more sustainable way. Manoush Zomorodi and Jen Poyant investigate how work and business impact our wellbeing and the planet we live on. On Seasons 4 and 5, hear from rebels and visionaries with radical ideas on how we can build stable lives, careers, and companies. **If you’re also interested in Jen and Manoush’s personal story and their adventures in starting their own business with a little help from blockchain technology, listen to the first three seasons, starting with Season 1, Chapter 1.