Snip The decentralized, user-generated news platform !!!!!

in #snip7 years ago

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The Internet has profoundly changed the news industry. In the past, local and
national publishers enjoyed a monopoly on the distribution of information, providing
them with a strong hold on reader’s attention, which in turn provided them with a
constant stream of revenue from advertisers. The barriers to entry for new publishers
were high, requiring them to have enough capital to buy or rent printing presses.
The first sign of change appeared in 1996, when an e-mail list named Craigslist
turned into a website for classified advertisements. Classified ads were a strong source
of revenue for newspapers worldwide, and in a few years Craigslist and similar
websites practically destroyed this source of revenue. A study shows [1] that from
2000 to 2007 the news industry lost approximately $5 Billion in classified ad revenues
to Craigslist. From the launch of Craigslist in 1996 to today, it’s safe to assume that the
industry has lost more than $10 Billion in revenue due to Craigslist alone.

Snip Solving the problems of the news industry requires a product which isn’t an
incremental improvement but a revolutionary advancement. Such a solution would
have to create significant value for news consumers, be transparent and fair in the
distribution of news, and award great content creators

Snip​ ​Advantages

  1. Decentralized
    In contrast to mainstream publishers and social networks, the Snip network is
    decentralized and owned by the community, with all the content saved openly on the
    IPFS network. Content cannot be censored and users on the Snip website choose their
    personal news feed algorithm.

  2. News-oriented
    Snip is a place for people to read news and discuss the news stories they care
    about. Snip covers a wide variety of topics, allowing users to stay up-to-date on their
    favorite topics in a shorter, more efficient format.

  3. User-generated content
    The news stories on the platform are created by the community and users
    receive the vast majority of the reward for high-quality posts and comments, as
    decided by the community

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A word of thanks

Hello, interesting post! But not totally agreed especially on the short format... I just release my forecasting of the Snip project on Wings.ai, so maybe you could discuss some of my concern/argument. In any case i think that their ICO will be filled... we will see
see my post: https://steemit.com/wings/@elma-landro/snip-project-forecasting-on-wings-ai

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