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Blockchain Technology and Cryptocurrency In Media with Samit Singh

JFS 9 | Blockchain Technology and Cryptocurrency

Samit Singh is one of the co-founders and CEO of DNN, or Decentralized News Network, a news platform which combines news creation with decentralized networks to deliver factual content being approved by the community before it gets published. One of the main aims of DNN is to eliminate fake and biased news using blockchain technology and cryptocurrency. Samit believes we’re all living in this giant eco-chamber and reading things that are confirming our own biases. The difference as far as the blockchain is concerned is the token aspect. With crypto-economics, they’re trying to get writers and journalists to act in a way that they want them to act, which is acting for the good of the network. By having something that you could lose, something that has actual monetary value, you’re psychologically conditioned to act for the good of the network and adhere to the editorial guidelines as a reviewer and properly review the article before it gets published.

We’re in a fight for the very heart of America. We’re being attacked. We’re being blocked by the globalists, the social media ghettos and fake news because here is where truth is revealed. In this episode, our guest is Samit Singh who is an experienced web and mobile designer product developer who co-founded a messaging app startup called MiniChat, Incorporated along with his partner, Dondrey. This programming work has what eventually led to his love of Blockchain technology and cryptocurrencies.

Listen to the podcast here:

Blockchain Technology and Cryptocurrency In Media with Samit Singh

Samit, tell us about your role at DNN.media.

I’m one of the Co-Founders of DNN along with my partner, Dondrey. I run DNN as the CEO and he runs it as CTO. What I do on a day-to-day basis is I come from a design background, so I handle more of the product and design aspect. Everything we’ve done with the alpha was designed by me early on. We helped conceptualize it together. From there, my partner was the one who built it with me and we worked hand-in-hand, roles overlapped but predominantly, I handled most of the design aspects. When it comes to the overall vision, we helped define that overall as well as day-to-day outreach with journalist people, meeting discrete people. What I like to do in DNN is help dictate the pace of what we do and outline more of the long-term goals of what we want to achieve and what we’re doing.

You also have a fairly large consulting group and staff. Can you address those?

As far as the core team is concerned, my co-Founder and I, as well as three developers who are in Eastern Europe, specifically Serbia, are very technical. We handle the day-to-day coding and design of the actual product and conceptualizing it from start to finish. We do work with two other larger entities. One is Vanbex. They are the end-to-end consultancy firm who are backing us. We’ve been working with them for a year and two months now. Vanbex was a very early mover in the Blockchain space as a whole. They were the ones who helped get Ethereum on the exchanges very early on. They worked with a lot of other clients like Storj, FirstBlood, Tendermint, and a lot of other prominent players in the industry as a whole. They handle a lot for us including day-to-day advising, helping us in terms of structuring our whole token model. We work with them very closely in terms of setting up everything we’ve set up for our public sale, pre-sale included as well. They handle a lot of day-to-day activities for us especially our content creation.

Tell us a little bit about your pre-sale.

We’re in the midst of our pre-sale. The way it’s going is we’re using this pre-sale to build up steam for the public sale. What we’ve been targeting is higher-end institution investors for the pre-sale, whereas the public sale will be more opened up for anyone to essentially come in and contribute.

As far as what your goal is for your pre-sale, where are you trying to stay?

A stretch goal for the pre-sale would be around 10,000 Ether or so. We tend to mix what we’re raising also with the public sale. When we look at it as a whole, our stretch goal for the entire DNN crowd sale as a whole pre-sale and public sale included is 30,000 Ether. That’s the overall hard cap.

Everything as far as your monetary denomination is going to be in Ethereum?

Yes.

How about people that have dollars or that have different currencies in different parts of the country? They’re going to have to buy Ethereum first or Bitcoin and then convert it back?

We are denominating in Ethereum but people can still contribute BTC as long as it’s the equivalent of a certain amount of Ether. Our minimum contribution requirement for the pre-sale is 5 Ether, so if you are contributing BTC, as long as it’s the equivalent of 5 Ether, then you’re good. You can certainly contribute in BTC and we can still hold what we get contributed to us in BTC or Ether. We’re denominating the overall amount in Ether. In terms of Fiat, we’re not accepting straight Fiat but people can certainly purchase BTC, Ether or any crypto for that matter regardless of whatever it is and still contribute crypto that way. We have gotten interesting offers like people wanting to mix and match certain cryptos, whether it’s ERC20 Token. That’s fine with us too as long as the equivalent entry amount of the Ether.

With the advent of fake news and everything that’s going on, DNN would be as hot as could be as far as people wanting to get in this. How would they go about doing that? Can you give us your website? Is it the DNN.media where people could sign up for this?

JFS 9 | Blockchain Technology and Cryptocurrency
Blockchain Technology and Cryptocurrency: Publishers instantly put out whatever they put out and we have to take their word for it that what we’re reading is indeed factual and authentic.

DNN.media is the website. When you first go on, you’ll see a button that says “Try DNN.” That’s the link to our alpha. The alpha is already on the COBIN Testnet. It’s using simulated DNN tokens and COBIN Ether. It’s been interesting to develop. We’ve noticed when we first deployed it in the Testnet, a lot of the journalists we were talking to very early on don’t have a deep understanding of the Blockchain space. They know of it. One of the most interesting hurdles for DNN was to bring that awareness of the technicalities of Blockchain to layman. What we did was we had a Blockchain specific version of the alpha in which you need a simulated DNN tokens to use but we also have a non-Blockchain version, which is a simplified web app for anyone to use to understand what the product is without having to be acquainted with the token aspect.

We have gotten some intel a few years ago. We had set up a channel called NurembergTrials.tv. What we want to handle in another aspect that would not be in the Joseph Farley Show but it would be a different aspect would be the Nuremberg-type trials that are coming to America and to Washington DC. How would we get on the Blockchain or on your network and then be able to record? Would it be very similar to YouTube that we record and then upload?

Yes. YouTube is a great example to mirror it against. The difference with Blockchain is the token aspect, so this is where it gets fascinating, the whole crypto-economic aspect. Ideally, you could simply record something and submit it to the network and have it published, but that’s where the fake news aspect comes in. There needs to be a process in between of the content being approved by the network before it gets published. One of the biggest issues right now in the news is there is no transparency. Publishers instantly put out whatever they put out and we have to take their word for it that what we’re reading is indeed factual and authentic. The fact is a lot of it isn’t. You always have biased spins on a lot of the content you’re reading.

How is that going to affect the criminal element that’s in the government, mainly CIA, from getting misinformation out and trying to upload it and create it as real news? One of the ways people in the past have tried to determine if it’s real news or not is how many people are saying the same story, not knowing that everybody’s scripted.

We’re all living in this giant eco-chamber and we’re reading things that are confirming our own biases. The difference as far as the Blockchain is concerned is the token aspect. With crypto-economics, we’re trying to get people to act in a way that we want them to act. In other words, acting for the good of the network. Let’s say you’re a writer and you have malicious intentions. You want to submit an article that’s very blatantly false. As a writer, you would have to pay a writer’s fee to the reviewers of the platform to approve your article for authenticity. Those reviewers would receive your article and review it based on DNN’s editorial guidelines. Each reviewer has to put in a stake of tokens, which serves as a security deposit. If they don’t adhere to the guidelines and we noticed it after the article is published, you lose the tokens that you had put in. By having something that you could lose, something that has actual monetary value, you’re psychologically conditioned to act for the good of the network and adhere to the editorial guidelines as a reviewer and properly review the article before it gets published.

How does DNN look at the situation, the guys that are reviewing the articles? Let’s say Trump does something and there is one or two guys that are close to the story; great example. Nobody knows who he is. We don’t know if it’s right, real, not real. Some of the stuff that he’s put out has been factual that’s starting to turn out, so it’s given him a little bit of credibility, which could be another psyopHow do your writers know? What keeps your writers from acting like YouTube? You have hit this timing perfectly because there are so many guys that their channels got turned off and they’re not coming back. They’re going to have to re-upload under a different channel, but some of them had been turned on. What do you do about rogue employees or maybe that aren’t going to fair out the story?

At a certain point, we will have people with malicious intentions coming out of the network just to see if they could stretch the boundaries, and that includes both the reviewers and the writers. The review process is rooted in Game TV. There’s a concept we call the shelling point. That’s the center point that gets people to act a certain way. In our case, the shelling point are the editorial guidelines. Writers and reviewers alike will have to study those guidelines and know exactly the type of content that they have to put out in DNN that adheres to the network as a whole. Our guidelines mainly deal with sources. When we were conceptualizing this, we were thinking getting into investigative journalism, but we did talk to a lot of investigative journalists about it early on and one of the biggest issues was the genesis of false content is the lack of sources, especially when you work on fake news.

They always state it with people close to the story, but they never name who these people are and they give the illusion. Once you go back and take a step back and read that article, “This guy’s made this whole story up,” and the government is known for being the guys that create the problem and then they come in with the solution. They’re always the heroes. It’s like, “That’s amazing.”

The solutions, coincidentally, are always in line with their own agenda. We did want to get into that early on but the more we looked at it, we’re like, “A lot of this stuff comes from anonymous sources. We can’t reliably trace that back to the source.” These sources are anonymous for a good reason sometimes because they need to be protected. At the same time, we decided maybe we’ll think about it down the line of getting into investigative to see if there are ways to trace sources back reliably. For now, we want to be source-centric. We refer to what we’re doing more as like evidence-based journalism. There has to be a credible or reliable source backing everything that you say that’s presented as a fact in the article that you’re writing. You can’t twist the sources either. I notice in a lot of articles, especially from mainstream conglomerates, sources are twisted out of perspective.

Sources can also be used as a weapon to tilt something towards your own bias. When you’re attributing something to a source, you do have to attribute it to that writer’s specific view point rather than your own. That’s another thing that’s a big point of our editorial guidelines. You have to stay true to the sources that you cite in addition to citing sources that are reliable. In terms of what makes the source reliable, this is an interesting point that we’re thinking of leaving to the community. As founders, we could dictate what makes a source reliable, but that’s no different than centralized authority. That’s something we want to leave with the community over time and have a backing system for ranking sources and see what sources are more reliable than others on the network, and using that to determine what makes a source credible and what makes a source less reliable.

A lot of the things that we will do in research work with the 1913 Federal Reserve Act, going back and reading some of the senators’ comments that in 1917, they started to warn that, “This thing got implemented.” The Federal Reserve got created five years. Here’s their plan, here’s what they’re trying to do. Those are pretty credible. Granted, we weren’t there in 1913, but you got to take some of the stuff that you get out of congressional records as being factual. Here’s something else that’s very interesting that I didn’t know about until I started to study this and began to teach this. It’s that The House and the Senate could pass something, then it goes into West Publication. West publication can change it. Everybody thinks that that’s the law and that is not the law.

This private group has altered what Congress passed. The public would never believe that somebody could be that diabolical to change something out. I had interviewed Bit nation. They’ve set up an Ethereum-type of platform and everybody thinks, “That’s awesome, that’s great,” but here’s what happened. In 1933, all the states already set that up. Everything they’ve done that violates the Bill of Rights or violates the constitution is done in this state.“In this state” doesn’t exist. It’s really difficult to be able to distinguish between what’s real and what’s not real. You have to be able to dig down in order to find those sources. Somebody could be honest and factual and insincere but be sincerely wrong. How will that play your matrix?

The way news is distributed right now, our perception of reality is being blatantly distorted. We could consume things that are influencing you to think a certain way and they’re conditioning you to feel a certain way about an issue. We’re not thinking on our own and we’re not thinking freely. What the Blockchain could do is introduce a level of transparency not only to get us more educated about a topic but to open up an open dialogue going back and forth about the issues that matter to us most. If an article gets published in the chain, it’s immutable. It can’t be removed ever. It can’t be taken down or tampered by any government.

That’s going to be awesome because they will float these faces, these fake stories for twelve hours, then pull the article down.

As a reader, you can see all of that in the transaction history on the chain. What we want to do in DNN is design that in a way that’s so simple that we just don’t have to know what’s going on in the Blockchain, we don’t have to know what’s going behind the scenes. As a reader, I could look at the history of the Blockchain and a simple article revision history, like a Google Doc, and see exactly what was taken down and why, what was changed and why. It has a complete feedback from the reviewers and I could fully see that in a transparent manner. That’s hugely powerful.

In law or in the court rooms, one thing that a jury can never do is to un-hear something. They know that, and the attorneys know that, so they can throw something out there and then pull it back, but the jury’s already heard it. They’ve been tainted at that moment. That’s the way our society has been not even knowing that that’s what’s happened to them.

We get to own our own perception of reality and how we feel about the topics that are most important to us and without being led astray.

Let’s say that I want to set up a network. How would that be priced as far as if I wanted to have a network that is either every day or that’s 24 hours a day that’s reporting on stuff in Washington and trying to find out what the real story is and what’s really going on?

That’s something that we’re still working out in terms of actual numbers, but we do have a process in place of how it works. One of the more fascinating things that we’re conceptualizing, and detailing is publisher nodes. You could host your own node on the network and your node can distribute any type of news you want it to distribute. When you look at the architecture of Blockhain, it works a lot like BitTorrent. It’s like peer-to-peer. Anyone can host these nodes and anyone else can access your nodes and access the news that you’re putting out on your node. By hosting a node, you’re also going to be incentivized and you earn DNN tokens residually by hosting because you’re contributing more computing power to the network.

What’s interesting about this also is the censorship aspect. We’ve got a lot of good feedback from Chinese users who can’t even access “news” in China because the government monitors everything there. We had a WeChat group that we were running and getting a lot of these feedbacks. Once China banned crypto, we had to shut down our group because the government was looking at private messages in that group. Let’s say you’re a Chinese user and you’re accessing a node in China, which is hosted by a user who’s putting out their own network on DNN. Let’s say the government proceeded to shut down that node. You can still hop on another node in another region and still access DNN the way a normal user would.

Let’s say that you have something set up in Hong Kong and you come into China with your node. It’s not going to take them long to figure out what you’ve done and try to shut that down. When they shut that down, you can quickly transfer everything to your Hong Kong node.

Everything would already be transferred. This is how the Blockchain works as a whole. You have all these disparate nodes hosted globally. All the information and data are replicated across all of those nodes and fully up to date. There is no single point of failure if the government does shut down a single node. It does not matter. There are always other nodes to hop on. That’s why the Blockchain is so immune to censorship. We haven’t seen any instance of censorship on the Blockchain because that would require every government around the world to collectively agree to shut down every single operating node and there are so many. Governments in their own regions can’t even agree on local things.

You have somebody like Apple, but they’ve transferred all their stuff over to China now and they did that from a tax standpoint. All of a sudden, our stuff got compromised. When they would have an event decades ago, and even coming forward, they could shut down the cell phones so nobody could record that event. Now, somebody could record an event, upload it to the Blockchain, it’s there, and they can’t take it down.

JFS 9 | Blockchain Technology and Cryptocurrency
Blockchain Technology and Cryptocurrency: We’ll have to abstract a lot of the functionality for the average user to understand and make sense of.

If they do take in down, it doesn’t matter. You have to think, “Where are you taking it down from?” There’s no central server. There’s no central point of access where you can take a piece of content down and it’s down everywhere. It’s not the case of the Blockchain. It’s still up everywhere else and it’s forever there for anyone else to view. You can’t erase history.

In one of our other businesses that we have is the property and casualty insurance business, specifically with trucking transportation. One of the things that is a large deal right now is video tape of what’s happened in either an accident or a traffic citation. Would people be able to connect to your network to where nobody could take it down? They couldn’t edit the tape. They couldn’t pull it out. If an officer does something illegal or whatever, it’s there.

It comes down to design. We’ll have to abstract a lot of the functionality for the average user to understand and make sense of. We don’t want it to be like you have to have to install separate web client to access the chain and look at all the data. We want to present it very cleanly and succinctly just on DNN itself. When it comes to article revision, history and so on, you can see it very clearly without even having to know that it’s on the Blockchain, but it is. That’s where you’re retrieving that info from. Once something is there, even we can’t take anything down.

Let’s say that we put a node in Hong Kong, but we’re recording traffic issues in America. An American court says, “We want that video. We want that taken down.”

We could take something down as far as the front end is concerned. We can take something from public viewing if need be, but the evidence of it still remains forever on the chain. This is something we’ve talked about with our lawyers, too. The company is DNN itself. Dondrey and I are both US Citizens and we both work in the US, but the company is built as an on-shore private entity in Gibraltar. The way it’s going to work is we’ve been adhering to local Gibraltar law. As far as contents in other jurisdictions, we’ve been told that if the need ever arises, we do have to be able to take something down from public viewing, but we can’t take anything down from the Blockchain. That’s a very blurry question in legal terms. No one knows what to do about it. For now, it’s out of our legal oversight. There’s nothing we can do about it and there’s nobody reliable to when it comes to content on the Blockchain because it’s a decentralized entity. The product itself is decentralized. There is no central authority to take something down.

The governments are absolutely hating this because they’ve been committing all the crimes and the wars that have transpired, all the fake news behind the wars, innocent people being murdered. That’s getting ready to change.

Gibraltar is another great example. Their government openly embraced crypto. Gibraltar is so tiny but it’s also one of the leaders in the cryptospace, same as Switzerland. They openly embrace crypto. When you look at other markets, especially the US market, the Chinese market, you have a lot of fear. Their governments are scared because they might be thinking from their perspective, “If we embrace something like this, it’s eventually going to replace us.” It can also be a great governance tool. It’s going to disrupt things to a degree that we have never seen before. The only comparable point is the early days of the internet.

This block chain is not going away and there are a lot of people that don’t understand it. There are a lot of people, even their 30s, that don’t understand how this works and how important this is going to be moving forward. When do you think you would be ready to start having a network? If I took ten different content creators and created a network, how soon could I start uploading them?

We’re running a very basic alpha. It only supports a text-based content, but we want to open up audio and video. That’s a big thing for our beta development. The beta for the product, we want to get that on the Mainnet by Q4 of this year. At the end of 2018, we want to have something on Mainnet that people could actively participate in and test with us. One of the first things we want to test is how quick these uploads work, especially across a distributed architecture, whether a token model is viable and so on.

That could put you in direct competition with YouTube, Google, as well as Apple on their podcasts.

There’s also an opportunity to possibly work together with a lot of these entities. We’ve been exploring another avenue and this could be a potential revenue stream down the line, fact checking as a service. Let’s say you have an entity like The Wall Street Journal. If they have a piece of content that they want to run against a certain system for factual authenticity, we could be that system if our review process works as efficiently as we’re hoping it works. That could be our service provided to these other entities.

Where would your fact checkers be? Would they be domiciled here in the US or in Washington that could actually fact check congressional records or fact check the sources? How do you think that would work out?

As far as regional content is concerned, if it is US-specific content, we’d want US-based fact checkers assigned to that content specifically. Collectively, fact checkers can be anywhere in the world. For more regional and local news, it’s prudent to have local fact checkers assigned to that news.

There was a deal on YouTube and the phrase was, “We don’t have to tell you gas prices are going up.” They’ve had twenty or 30 different news organizations all over the place say that exact same thing, like it was all scripted. It would be very important to make sure that the fact checkers are not part of that inside system.

That’s where the economic aspect comes into play. If you have something that you’re staking a monetary value on the line, being these tokens, and you can lose them if you act out of line or for malicious purposes against the good of the network, you’re going to lose what you put in. Potentially, you could have malicious writers who are pushing dirty news on the platform, but they’re going to lose everything that they put in as their investment. It will get to a point where it will be unfeasible for those participants to keep putting out bad content. They’re buying more tokens thereby increasing the value of the tokens and making it more expensive to collude, attack maliciously, to put out content that does not adhere to the rules.

Let’s say that you get the audio and video lined up. Audio would be super quick to be able to get done. Have you run that economic model as far as your bandwidth and what you would need to charge, what type of revenue and so forth? Have you gotten to that phase yet?

We’re close to the point that we’re almost ready to run basic stress tests. One of the things we want to do is upload as much test content as we possibly can and see what kind of stress that puts in that work in terms of computing power. We’re going to judge how that goes and decide how many tokens need to be charged for this. That will give us a good idea of baseline numbers once we put out the beta. Once the beta hits Mainnet, then you’re using real tokens. It’s not simulated anymore.

Right now, people uploading to YouTube that want to have cat videos that want to upload for free, that’s fine. Somebody that’s in a business of news, you have gone through numbers to say, “This is going to make economical sense for the creator to produce it, upload it, and then add value to it.”

We have gone through the basic numbers and a lot of journalists have asked us, “Can I pay my rent with this token?” It’s real monetary value. You can use it to pay for anything. As far as rent is concerned, we do want this to be a full-time thing down the line. It’s more realistic to assume that it could be a stable thing to do on the side and make income that way. As long as you’re getting out more than what you put in, you’re already profitable. We want to make sure that everything is structured the way that the rewards are collectively higher for everyone. They don’t have to put in too much to get started. That helps reduce the friction.

Unless you’re already a large channel, you may not be able to afford to take a chance to see if this thing works.

One of the things that we want to do is signing like grants of tokens. We want to set aside a portion of the token supply to see the wallets of potential contributor. Anyone who’s interested in getting started with DNN once we hit the Mainnet don’t have to do anything. They don’t have to purchase the tokens or spend their money to do so. We can give them tokens to get started and see where it goes from there.

The cell companies made a real mistake in trying to sell the phone. That’s not where the real money is. The real money is that monthly bill. You have already hit on that, that what you want is that long-term creative content.

Yes, and centers for people to hold the token which will make it more valuable in the long run.

As far as your public sale goes, anybody can buy that?

We are restricting US buyers due to the legal uncertainties in the US as far as the SECs is concerned. We are restricting Chinese buyers as well.

How is that restricted? Is it restricted by the IP address or restricted by questions that are asked on the site?

It’s an IP block. You have to do this geolocation block, which is applied in all of the IPs in that region. We’re using a company called IdentityMind to handle our KYC process. There are ways around that. We’ve seen instances of people hopping onto different IPs and using VPNs. There’s nothing you can do about that. From a legal standpoint, you have to show your intent to block certain regions by issuing those geolocation bands.

I’m looking forward to getting back with you to see how things are going as well as when you start in the audio and video segment because that is going to be very important. Can you tell us a little bit about what you see that’s coming up or what’s out there ahead of us?

We’re in the process of continuing to add to our team. We had a very technical team and we want to bring in people who are more experienced in journalism and media. We’re bringing on a well-balanced number of reporters an, people who are media industry veterans with publishing and journalism. We started working with one of our advisers who used to be a VP of digital publishing in National Geographic. He has a lot of different experience in terms of scaling a project and helping decide the best target markets for publishers to approach first. We have a lot of people involved with the Blockchain and cryptospace. What we’re targeting now, especially during our sales phase, are people who have heavy pedigree in the media industry, in journalism, which will not only lend us a bigger degree of legitimacy, but also help us understand how we can better serve the platform for journalists and writers, and giving them the tools that they need to properly participate.

Is there going to be anything outside of what we stereotypically think of media as far as the video, audio, and the writing? Are you going to look at any other type areas as far as banking or lending or anything to that effect? Any other segments?

We’ve thought about it and one of the most fascinating segments is AI. A lot of people are using AI and leveraging it to better judge the factualness and accuracy of the content being out. That’s something we haven’t touched upon too much with DNN, but it’s something we are looking at and want to get more deeply and see how we can combine AI with our existing process and make it more efficient down the line.

As far as going through and doing the fact check?

JFS 9 | Blockchain Technology and Cryptocurrency
Blockchain Technology and Cryptocurrency: Humans alone can’t solve everything, but AI alone can’t solve everything either.

Yes, and working in conjunction with human reviewers. Humans alone can’t solve everything, but AI alone can’t solve everything either. You could have AI that’s biased. It depends on the inputs that you feed the system. If you have both of these things work in conjunction, it could be very powerful. That’s something we’re actively exploring. VR is also a big one. Everyone talks about virtual reality being one of the hottest things in the space right now. If that technology matures in a few years to a higher level than it is now, we could maybe do VR-wide broadcasts. It depends on how that industry grows and how the technology around it grows.

That technology, like the electric car, you would think that with what Elon is doing out there that those things would sell like hotcakes. You have this battery and this main issue that they can’t get enough battery or cheap enough or whatever the case is, that may be the same thing about VR. It’s probably wise for you to make sure that goes ahead and develops. What else do you see that’s coming up out there?

Beyond that, it’s going down to the live product. Once we finish the beta phase on Mainnet, we want to have something more polished and finished that can be very self-sustainable with tokens going in and coming out as rewards. People are running the network by themselves where we can take a step back and view everything. That’s the end game of what we’re trying to do. We’re trying to build something that’s truly owned by its participants. It becomes cyclical process of people contributing to it, being rewarded, contributing more, and self-sustainable network that’s living on the growth and engagement of the people using it. After the beta phase, we want to have a solidified token model. We want to be able to prove that it works and makes sense for all parties involved during that phase so we can go ahead and have something more polished and finished that becomes the production ready of DNN.

Getting back to the YouTube examples, since everybody can immediately think about that, a content creator would pay X amount to publish in YouTube and then they would be able to receive X amount. Have you thought about the viewers, their fact checking and their content?

We don’t want a one-time review process. Initially, we planned it out, so once the reviewers review something and gets published, then it’s done, but reviewing is never done. You can look at Wikipedia and the content are always evolving. Articles are always changing as new information comes in. Readers need to play an active part, viewers as well, in looking at the content for actual accuracy. If they see something that doesn’t sound right to them or doesn’t make sense, they can always get something send back for a secondary review and be rewarded for it if something does change.

I’m looking forward to you getting this thing up and up and running.

It’s been fun and a lot of hard work. It’s been over a year conceptualizing and building things out.

Thanks so much. It’s very exciting what you are doing.

Thank you for having us.

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About Samit Singh

 

JFS 9 | Blockchain Technology and Cryptocurrency

Samit Singh is one of the co-founders and CEO of DNN, or Decentralized News Network, a news platform which combines news creation with decentralized networks to deliver factual content being approved by the community before it gets published. One of the main aims of DNN is to eliminate fake and biased news using blockchain technology and cryptocurrency. Samit believes we’re all living in this giant eco-chamber and reading things that are confirming our own biases. The difference as far as the blockchain is concerned is the token aspect. With crypto-economics, they’re trying to get writers and journalists to act in a way that they want them to act, which is acting for the good of the network. By having something that you could lose, something that has actual monetary value, you’re psychologically conditioned to act for the good of the network and adhere to the editorial guidelines as a reviewer and properly review the article before it gets published.

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