MONEY REIMAGINED: Media in Flux | Journalism's Transformation Under the Internet and AI Tsunami

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CoinDesk

News, Tech News, Daily News, Business News

4.7 • 698 Ratings

🗓️ 8 November 2023

⏱️ 40 minutes

🔗️ Recording | iTunes | RSS

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Summary

The challenges of crypto journalism ( journalism as a whole) and the necessity of holding key players accountable cannot be understated, as journalists grapple with the complex dynamics of a transforming industry. This episode is sponsored by CME Group and PayPal. In today's episode of "Money Reimagined," hosts Michael Casey and Sheila Warren delve into the crucial role the press plays in shaping public perception of emerging technologies. They discuss the ongoing evolution of journalism, influenced by tech monopolies and the impact of social media, that underscores the need for adaptability and a commitment to fair and balanced reporting. Furthermore, blockchain's potential to establish trust in journalism through immutable records and provenance of information holds promise, even as the limitations of blockchain analysis and AI in understanding intricate financial data remain evident. In the age of decentralization, journalists play a vital role in safeguarding the public interest and revealing conflicts of interest in blockchain. Outlets like CoinDesk offer comprehensive coverage and expert insights on AI and decentralized technology. In this digital era, Casey and Warren stress the ongoing importance of journalistic integrity and ethical standards, especially as AI gains prominence. Links to topics discussed in this episode | The story that started it all: Divisions in Sam Bankman-Fried’s Crypto Empire Blur on His Trading Titan Alameda’s Balance Sheet A year in review: A Year After Sam Bankman-Fried's Downfall, Solana and Other FTX Holdings Are Flying High Wall Street Journal and Elliptic controversy explained Elliptic disavows WSJ report on Hamas' crypto fundraising Wall Street Journal corrects article misciting Hamas' crypto When AI and Blockchain Merge, Expect the Mundane at First What Crypto Can Learn From AI About Getting Its Way in Washington AI Is Killing Crypto Venture Capital Interest From our sponsors: CME Group Cryptocurrency futures and options provide market-leading liquidity for bitcoin and ether trading. Participate in The Crypto Classic: Cryptocurrency Futures and Options Trading Challenge from Dec. 10-15 for the chance to win cash prizes. Compete against your peers while test-driving strategies for Bitcoin and Ether futures and options trading in a risk-free simulated environment. Visit https://www.cmegroup.com/cryptoclassic to find out more. Disclaimer: This communication is not directed to investors located in any particular jurisdiction and is not intended to be accessed by recipients based in jurisdictions in which distribution is not permitted. The information herein should not be considered investment advice or the results of actual market experience. Past results are not necessarily indicative of future performance. Trading derivatives products involves the risk of loss. Please consider carefully whether futures or options are appropriate to your financial situation. - PYUSD, a stablecoin made for Payments. 1USD = 1PYUSD. Introducing PayPal’s new digital currency, PayPal USD (PYUSD), a stablecoin backed by U.S. dollar deposits, U.S Treasuries, and similar cash equivalents. Buy, sell, hold, and transfer it in our app or site and explore Web3 with a payments brand that has been trusted for over 20 years. Get Started now at paypal.com/pyusd - Money Reimagined has been produced and edited by senior producer Michele Musso and our executive producer is Jared Schwartz. Our theme song is “The News Tonight ” by Shimmer. See Privacy Policy at https://art19.com/privacy and California Privacy Notice at https://art19.com/privacy#do-not-sell-my-info.

Transcript

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0:00.0	This episode of Money Reimagined is sponsored by CME Group and PayPal.
0:04.6	There is a ridiculous amount of data that flows online, the vast majority of which is utterly
0:10.8	useless. But it's very hard, even with AI, to separate the wheat from the chaff. Now,
0:15.9	similarly, when it comes to what you can see on a blockchain, you can see a lot. But if you
0:20.3	don't know what
0:20.9	you're looking at, it's not that helpful. Now, what's really interesting is all these different
0:25.8	analytics firms and people in general have access to the same information online on a block
0:31.2	is where they can go look at it. How they analyze it and what they think it means is subject to
0:36.5	interpretation. That is also true.
0:39.0	One person might see the smoking gun document in the stack of boxes and recognize it for what it
0:44.1	is. Another one might completely miss it. There's something about journalism that's hard.
0:48.0	One of the things is how do you pay for it, right? How do you pay for good journalism?
0:52.8	Because it's much easier to get somebody to pay you
0:57.1	to write something in their interests than to get somebody to pay you to write about something
1:02.4	that is either not in the interest or might even be directly against your interest in advertisers
1:07.3	and sponsors that they're trying to get their own word out, they're not necessarily
1:11.8	in support of what you're doing. So you have to build this model around a trusted brand that
1:16.0	for the sake of reaching readers and reaching others, it grows and is therefore a forum in which
1:22.3	advertisers want to be, even if they have no control over it, right? The church and state challenges
1:26.3	of journalism, we know it well.
1:32.4	You're listening to CoinDesk's Money Reimagined with Michael Casey and Sheila Warren.
1:39.9	Hello and welcome to Money Reimagined.
	...

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