TL;DR: Facebook isn’t merely developing a coin. What’s happening appears to be a massive shift in the social media giant’s entire business and crypto is merely a part of the bigger picture.
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Composing room of the New York Times (photo by Marjorie Collins via Wiki Commons from U.S. Farm Security Administration/Office of War Information Black & White Photographs)The New York Times jerks the blockchain
Publishers hope tools like micro-payments, smart contracts, and improved tracking can rebuild their businesses without cutting them out of the content supply chain
The New York Times might be jumping into the blockchain business. Despite publishing an article about blockchain-based media platform Civil’s failed initial token offering titled, “Alas, the Blockchain Won’t Save Journalism After All,” the Times on March 13 posted a job listing for a “Lead, Blockchain Exploration” position which it described as “a forward-looking leader who will help envision and design a blockchain-based proof of concept for news publishers.”