CD187: ANJAN SUNDARAM - INDEPENDENT JOURNALISM
Anjan Sundaram is an independent journalist, author, and founder of the Stringer Foundation with a mission to expand global independent journalism. We discuss his work and how open protocols, such as bitcoin and nostr, empower journalists.
Anjan on Nostr: https://primal.net/anjansun
Anjan on X: https://x.com/anjansun
Stringer Foundation on X: https://stringerjournalism.org/
EPISODE: 187
BLOCK: 928149
PRICE: 1140 sats per dollar
(00:03:09) Anjan’s path: from Yale and Goldman Sachs to war reporting
(00:06:07) How war reporting is changing in the age of social media
(00:10:32) What makes a journalist? Raw footage vs. verified reporting
(00:14:00) Publishing pathways, bylines, pay, and lack of safety nets
(00:18:12) Fixing incentives: philanthropy, prizes, and media economics
(00:21:00) Turning down quant life: the Goldman Sachs detour
(00:23:07) Values alignment: finance, bitcoin, and free information flows
(00:24:49) Bloomberg, Substack, and sustainability
(00:26:19) Designing the Stringer Prize: credibility, juries, and impact
(00:29:39) Launching Stringer: partners, applications, and endowment plan
(00:32:10) Why pay in bitcoin: global payouts, fees, and onboarding stories
(00:35:33) Grants to awards pipeline and the courage index
(00:41:01) Lean ops vs. big charity: publicity without bloat
(00:43:59) The tenure problem: long-term support without dependency
(00:48:26) Transformative fellowships: MacArthur model and global gaps
(00:51:30) Journalism’s core: elevating humane, inspiring stories
(00:53:10) Value-for-value, Nostr, and building ad-free media
(00:58:24) Own your audience: platforms vs. protocols
(01:02:30) Bootstrapping Nostr: network effects and onboarding journalists
(01:05:13) Building a global home for independent journalists
(01:06:07) The drought in investigative reporting and who funds it
more info on the show: https://citadeldispatch.com
learn more about me: https://odell.xyz
03:09 - Anjan’s path: from Yale and Goldman Sachs to war reporting
06:07 - How war reporting is changing in the age of social media
10:32 - What makes a journalist? Raw footage vs. verified reporting
14:00 - Publishing pathways, bylines, pay, and lack of safety nets
18:12 - Fixing incentives: philanthropy, prizes, and media economics
21:00 - Turning down quant life: the Goldman Sachs detour
23:07 - Values alignment: finance, bitcoin, and free information flows
24:49 - Bloomberg, Substack, and sustainability
26:19 - Designing the Stringer Prize: credibility, juries, and impact
29:39 - Launching Stringer: partners, applications, and endowment plan
32:10 - Why pay in bitcoin: global payouts, fees, and onboarding stories
35:33 - Grants to awards pipeline and the courage index
41:01 - Lean ops vs. big charity: publicity without bloat
43:59 - The tenure problem: long-term support without dependency
48:26 - Transformative fellowships: MacArthur model and global gaps
51:30 - Journalism’s core: elevating humane, inspiring stories
53:10 - Value-for-value, Nostr, and building ad-free media
58:24 - Own your audience: platforms vs. protocols
01:02:30 - Bootstrapping Nostr: network effects and onboarding journalists
01:05:13 - Building a global home for independent journalists
01:06:07 - The drought in investigative reporting and who funds it
NOTE
Transcription provided by Podhome.fm
Created: 12/16/2025 20:35:08
Duration: 4151.04
Channels: 1
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Happy Bitcoin Tuesday, freaks. It's your host, Odell, here for another civil dispatch.
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The show focused on interactive,
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Bitcoin and Freedom Tech discussion.
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Well, actually, it hasn't been too interactive lately, but actionable Bitcoin and Freedom Tech discussion.
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I have a great show lined up today. Right now, the time is it's December 16.
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It is seventeen hundred UTC.
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The current block height is nine two eight one four nine. The current Bitcoin price is $87,700.
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SaaS per dollar is $1,140.
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And I should have this uploaded to y'all,
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within a few hours after,
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we finish up here. As always, dispatch is
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a 100% audience funded.
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We have no ads or sponsors.
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It is brought to you guys by viewers like you who support the show with Bitcoin donations. The two largest zaps
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of last week was stimmy 40 h p w said mandibles and Bitcoin standard is a great meme because it accurately and succinctly describes all of human history and psychology.
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That zap was 21,000.
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And the second largest one was from ride or die freak mav 21 with 10,000 sats. He said great rip.
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Easiest way to
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interact with the show is is through Nostr. I really like Primal App. I'm involved in building it out. But any Nostr app works. All relevant links are at silldispatch.com.
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Share with your friends and family.
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Really does go a long way. Anyway, Freaks,
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great show lined up. I have, someone who has become a a good friend,
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in
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the tangential Bitcoin space. We have Anjan here.
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He's focused on building out.
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He's a professional journalist or an independent professional journalist by career, and he's focused on building out
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what I like to call the open sets for independent journalism.
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It's called the Stringer Foundation. How's it going, Anjan? Welcome to the show.
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Hey, Odell. It's great to be here, and,
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thank you for having me on the show. I'm excited to speak about journalism and Bitcoin, Nostra, and how these worlds intersect.
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So me and Anjan first met in
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2021
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at an HRF event in Miami.
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That was a fascinating conversation
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down our our our friendship since then.
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Anjan, why don't you give them a little context? Give the freaks a little bit of context,
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of of your background
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Sure. Of your history.
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I'm I'm a war reporter. I report on conflict and dictatorship.
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Grew up in India.
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I studied at Yale, studied mathematics, had a job as a quant as a mathematician at Goldman Sachs, and turned that down, bought a one way ticket to Kinshasa because I'd read in the New York Times a little article that four million people had died. Now the number is six million.
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And I didn't understand why that story wasn't on the front page. So went down the rabbit hole. And twenty years later, I've covered, you know, multiple wars, multiple dictatorships.
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And now,
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working in Mexico
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where,
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I cover environmental conflict. I feel it's a great conflict of our time. I spoke about it at on TED's main stage last year,
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and,
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philanthropist came up to me and said, hey. Listen. We're really inspired. How can we have 50 of you around the world? How can we have young people be in touch with you? Would you start a foundation?
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And so here we are with the Stringer Foundation, which, you know, scales up courageous journalism and supports journalists like myself
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around the world who are working under pressure, under attack
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with with, very little institutional support.
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Love it.
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Yeah. Freaks, you might have caught Anjan laughing there. The original conversation we had
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was I was drinking,
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and Anjan was drinking on the rooftop. I you had a drink in your hand. Right? I'm sure I did. Yeah.
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On the rooftop of some, like, swanky Miami hotel in 2021.
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And he comes up to me, and he's like, just so you work in Bitcoin. I was like, yeah. I work in Bitcoin. And he's like, so,
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what do you say to people who are like, Bitcoin is used by criminals and terrorists and whatnot?
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And then I gave him a lengthy answer. It started, like, this long conversation, maybe, like, fifteen, twenty minutes into it. I turned to him. I was like, so what do you do for a living? And he goes, I'm a journalist, and my just heart just, like, completely stopped.
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But, anyway, he never wrote a
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he never wrote a, trash piece that took my comments out of context and went after my character. So shout out, Anjan.
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Thank you, man. No. I I'm I'm grateful for the openness and the friendship we've shared since then. Yeah. I remember that rooftop conversation well.
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I told Anjan now before I ever I get asked that question a lot. Now before I ever answer that question, I ask people what they do for a living before I answer.
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And we reconnected. Yeah. We reconnected in Nashville this year, another HRF event, and Matt was like, I remember you.
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And I told him what I was doing, and he said straight away, he was like,
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this is open sets for independent journalism. And,
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and I was like, wow. That's such a succinct,
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incredible way of,
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of of summarizing what we do. So I wanna before we get into the Stringer Foundation,
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because, I mean, I think,
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you know, free speech and and quality information is something that is very dear to my heart.
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And I think there's a lot of overlap here with Bitcoin and Nasr.
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But before we get there, just a little bit on the on your history war reporting because I find that fascinating.
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Obviously, there's still there's, you know, many conflicts around the world,
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right now.
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And, you you know, I mean, very recently, we had we have Thailand and Cambodia,
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and then, obviously, the big one for the last few years has been Ukraine and Russia.
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It feels very different.
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Like, when I was growing up, like, the standard war reporting was,
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you know, like, CNN
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reporter
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or
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Reuters reporter, like, in Baghdad or something with, like, big
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cameras and a whole production operation going on and then
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pharmaceutical ads in between and stuff. But now because of, like, social media, everything's just getting
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streamed directly raw.
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What are your what are your what are your thoughts on,
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like, this new era of war reporting and
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the issues with it, the benefits of it? I don't know. It's it's weird. Like, I don't like, never before in humanity has someone, like, opened up
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x or something and just seem like a GoPro from some, like, random
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20 year old in Russia.
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Yeah. I think it's really exciting. I think,
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you know, and it it's
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we're seeing we're living in a time where I think there's a growing distrust
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of media organizations and institutions,
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and people are leaning into and moving towards and trusting
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individuals.
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And that's partly because those individuals, like you say, can connect directly with audiences. It's unmediated.
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There's no
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editorial oversight in between, which has its plus and minuses.
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But,
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I think it's a really exciting time for journalists
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and what journalism is, what forms journalism can take. You know, I take a really broad view of what journalism did. I what journalism is, what how how it's defined. I did a I did a PhD in in journalism,
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and,
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one of the things I came up,
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came out at was
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every culture has its own way of doing journalism. Wherever there's power and a concentration of power, there's an abuse of power, and you need journalism. And I define journalism as any public media that holds the abuse of power accountable. In The Middle East,
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journalism takes a form of public poetry.
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In Iran, it takes a form of rap and music. In some countries, visual art. Some places, rumors, oral stories. And I think we're at a very unique and powerful and beautiful moment where we're starting to consider these other forms,
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that are not the traditional western kind of journalistic article that's written in a confrontational tone.
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And I'm very excited for to bring all of these creators,
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whom I would call journalists, you know, under one umbrella, support them,
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and support free speech and, you know,
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holding accountable perpetrators of violence and abuses of power, which is what I've done most of my career, but holding accountable these perpetrators
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around the world,
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you know, enabling and empowering all these people.
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Yeah. I mean, that seems like
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a very important mission. I mean so but there's, like, there's I just wanna break this down for a second because there's to me, there's two different aspects here. Right? So
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we're we're seeing the fall in credibility
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of these large
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media organizations. Right? Like, no I mean,
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very very few people in my peer group are getting their news from CNN. Right?
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And so
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so we've seen we've seen a rise in independent journalists, which is
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kind of a broad stroke pattern because, you know, there's different levels to it and how people take it. You know? But but they're they're they're usually just one person.
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They're usually just one person,
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and they've built up a reputation,
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and and people want to hear their thoughts on different things. Right?
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And maybe they're submitting maybe they're publishing to Substack or TikTok or x or YouTube or whatever, but it's usually like a one man operation. Maybe they have a small production team or something.
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But then
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you also have people that are are not journalists, like the raw footage stuff.
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Right? Like, I'm I like, some 18 year old conscript in Ukraine
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that's just wearing a GoPro and uploading it to Telegram.
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So so I guess my question just to just to I I just wanna drill in a little bit more here. Like,
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where does the relation like, how do you view
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that situation
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in comparison to the greater
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journalism, like, landscape? Right? Like, the I feel like most of the footage I'm watching or I'm seeing
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is not from
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a, quote, unquote, independent journalist or a large media organization. Right? It's like this raw footage
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that maybe then gets syndicated out.
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Yeah. I think, you know, the difference between that raw
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live streamer
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and,
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a journalist, I would say, are two things. One,
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a journalist you know, a streamer or someone giving you raw footage
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is more likely and open to providing their opinion.
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And
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a a a a a journalist and, you know, it might be subjective, and a journalist would try to stick to the facts,
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what facts that they can verify. And the second thing is, which is very important, I think, is a journalist will try if they're criticizing someone, they'll try to speak to the other side. They'll try to give them a a shout. They'll try to give them a call. They'll reach out to them and at least say they were declined to comment or something like that. And I feel like those two things that you're just based on facts and you're, trying to get the other side of the story,
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at least trying. If you if you if you can't, that's okay, but you're trying. That sort of distinguishes
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the journalists from the raw footage. And I think
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the journalists are empowered by the people you're describing, you know, the transcript who's uploading footage.
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I'm you know, to your point about independent journalists, I'm a one man show. I have been for twenty years. I, you know, follow my nose.
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My strength is that
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met much of the mainstream media misses stories, doesn't wanna report
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it. There's all kinds of complex politics and geopolitics involved, but I can follow my nose, and I can go and get the story that I think is important. And if
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one media outlet won't publish it, I can find somebody else. And that's the strength of the stringer. That's the strength of the independent journalist. They'll find somebody with a huge audience, with a huge distribution platform that will publish the story.
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And,
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and that's how I've kind of, you know, went to Congo
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when I was 22,
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uncovered, you know, mass graves there, spoke spoke to perpetrators of violence, warlords, who then subsequently went to The Hague, and I testified there. But I really tried to get
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a human side of the story, their side of the story behind the front
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line.
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And this kind of philosophy of independence of trying to figure out for myself what's going on in the world. Is Russia at fault? Is Ukraine at fault? You know?
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What what's actually happening?
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That's what I pride myself on. My independence is my,
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is my most valuable asset.
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So, Amit, on on
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on your personal
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in in your in your personal capacity as a journalist lately, like, what is your
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what is your preferred publishing
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mechanism? How do you is it Substack? Or
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No. I I mean, I don't have a Substack.
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I,
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what gives me a kick is getting underreported stories into mainstream
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media. So convincing a curator at TED to, you know, allow me to speak about indigenous environmental defenders in Mexico when most of their talks are about AI.
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Convincing the New York Times or BBC to publish a story about, you know, the frontline or remote frontline in Congo.
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And so they give you a byline in that situation? Like, if you're in BBC, it's like you write the piece and then you or you're you're submitting it to them?
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Yep. I get a byline.
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They pay me, usually a pittance. You know? Usually, the New York Times or BBC will pay me, like, $500 for a story. That's pretty good.
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It doesn't cover the gas bill. It's it's like a joke. And and more than that, you know, not only do I not get much money for this,
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when I'm in danger,
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I don't know who to call. You know? There's nobody to call. There's nobody really protecting me.
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Nobody who has my back. I'm kind of on my own. And there are thousands of us around the world who are really committed to getting these stories, independent stories
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without support. And part of that support, it's double edged sword. We don't wanna be bought. We can't be bought by anyone. We can't be influenced by anyone. That's our our source of pride. But the flip side of that means that we don't get support when we need it. Yeah.
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Right. Because the support comes with strings attached.
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I mean, on that note, on the on the pittance of ethical journalism,
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the pittance of, of,
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financial incentive for ethical journalism, I wanna pull on that string a little bit because,
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I mean, I feel like the early days of the Internet,
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now a lot of people said and, people still say it. I you hear it all the time, especially with, like, the Joe Rogan's and stuff
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that, you know, corporate media is pay to play,
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independent media fixes this.
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But I'll use Joe as an example, and I have a lot of respect for Joe and what he's built. But, like, Joe will say that with a straight face, and then he'll have ten minutes of really just shitty ads
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on his show.
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And and and so what I've seen is
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if you actually follow the financial incentives,
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independent media doesn't really solve any of the core issues of corporate media. Like, it's still it's still, you know, engagement bait clicks
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are what drives everything, and then funneling that attention basically
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into the highest bidder,
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is what makes the most money.
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From your perspective,
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you know, like,
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a a way to distill it the way I think about it is is like influencer swap.
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Like, the people that have the most the largest audiences on x or TikTok or whatever are not ethical journalists. They are people that maybe are calling themselves journalists. Maybe they're not calling themselves journalists, but they're reporting basically clickbait news with their own bias and spin to it because they know their audience will be more likely to share it and click it and and raise them or whatever, play to their fears.
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How do we how do you solve that?
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Is it even solvable?
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I think, you know, the media has been decimated. The media is generally in crisis. The media has been decimated by digital
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trends.
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Even major news organizations, their revenues have been shocked. Their influence has decreased,
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shortly.
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Media ownership
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has become highly concentrated.
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Authoritarianism
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is on the rise. They're attacking journalists. Corporate lawyers are now, you know, going after journalists,
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using slap lawsuits.
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It's a really, really hard time to be a journalist.
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And to top it all, you know, these revenue streams are so meager.
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How do you how do you make a living? And, you know, I think there are a couple of
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avenues
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to explore. There's a philanthropic avenue, and there's a for profit, like, media platform kind of, direction,
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solution that you can explore.
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And my focus right now has been on the philanthropic avenue.
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And I think,
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you know, journalists as a community, we're not hugely
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motivated by money. As mentioned, you know, I I had a job at Goldman Sachs. Many journalists, independent journalists could have worked
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elsewhere, made made much more money.
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We're motivated by societal recognition.
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We want society to
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say to us, you recognize that the risks we take are worth it, that the sacrifices and the service we're providing
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is useful. And that's what drives us and, you know, gets us up out of bed every day. And I think the philanthropic play that I've come upon is to create a prize. There is no global prize that recognizes all journalists on an even playing field. The Pulitzers are only open to US organizations, which is something not many people know. Fucking crazy to me. You told me that. Yeah. And and, you know, it's it's a bit like, you know, world champions, but it's only open to US organizations.
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Oh, geez. You know, there's no there's no,
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there's no rec I I know so many incredible journalists, brave journalists in Mexico, Angola, Cambodia. There's no way to recognize them. And so I think for the same quantum of money, say you have a million dollars, you can give 10 k grants to a 100 journalists,
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or you can hand out that million dollars as prizes and fellowships that elevates these journalists, puts them on a platform, on a pedestal,
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and shows them off to the world and, you know, describes them as the heroes they are.
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That way of spending the same quantum of money, the same million dollars,
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mobilizes, galvanizes, inspires
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tens or hundreds of thousands around the world,
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of journalists who care about this work and who want to vie for that price. And I think that's the philanthropic model. You provide unrestricted grants like the MacArthur Foundation.
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You,
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provide, you know,
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funding that ensures people can
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live a a decent dignified livelihood.
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They use the money for whatever their needs are because they've proven their commitment to journalism.
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And,
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and we provide them the platform, the publicity, the connections,
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and the you know, all the things that they need, all the scaffolding support that they need to do their job safely and well and with a degree of recognition.
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So that's that's the philanthropic solution. I think the for profit solution that you've alluded to is, is a much more complex discussion. Like, what is what is the future of publishing?
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That's that's really hard to answer. It's revolving pretty rapidly.
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Did I hear you say in passing that you used to work at Goldman Sachs?
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I had a job at Goldman Sachs as a mathematician.
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Interesting.
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Yeah. I so I graduated in math at, you know, pure math. I was on India's physics Olympiad kind of I was a finalist on in the Shit. Physics Olympiad team. So I was working at a pretty high level in math and physics.
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But, and I had I could have gone down this path of doing mathematics for
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for banks. You were like a quantum training, basically.
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Exactly. And, actually, the unit that hired me wanted me to be between the quants and the clients. The example my interviewer gave me was the chief investment officer of the Vatican has invested a billion $1,000,000,000 with Goldman Sachs in all these quant tools.
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You need to explain to them what happens if the market shifts, and you need to understand the model, and you need to be able to communicate with them. And so it used my both my skills sort of in a unique way.
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But, ultimately, I I sort of bought this one way ticket to Kinshasa in Congo,
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began to report, caught the bug,
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and, didn't turn back, you know, to that world.
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I I don't think I need to tell you, but I think that other path would have been quite lucrative.
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I think so.
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Yeah. I think, you know, especially, I I was in 2005, and then, you know, back then, the high speed high frequency trading was just coming on, you know, being invented. And I would have totally surfed that that wave.
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But like I said, I think, you know, part of what motivates me and many of my journalist colleagues is serving society and recognition from society that, you know, these risks are worthwhile.
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The service is worthwhile, and so it's been a very different path. It's been interesting because I've now gone back to some of my friends in in banking and said to them, hey. Support us.
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And have you have you gotten a decent,
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what is their response when you when you ask for support?
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You know, I think it's it's
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surprisingly
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positive maybe. You know? I think there's,
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the hedge funds and financial world
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understands the importance of free information flows.
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And,
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I think there's also a desire to do good. So I've had some productive conversations in that space.
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And,
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I would say,
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also, interestingly, also in the Bitcoin space, I think the values of Bitcoin, Nostra,
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decentralized technologies, uncensorable technologies,
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these are very aligned with independent reporting and,
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you know, what
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our mission in the world.
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Yeah. I,
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I mean, I think there's becoming more and more awareness that, you know,
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we have a
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that this is, like, a foundational problem. Right? This is a fundamental problem with digital society
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is,
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I mean, what I was it was probably best distilled first by Trump and then by anti Trump people, but, like, the fake news.
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Right? And this idea of this is something you hear all the time. It's been you know, the Overton window has been moved. This is something that the average person, I think,
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maybe doesn't think about it that often, but they know it exists,
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and at least wants to have quality information.
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And probably the more sophisticated someone is, the the more they think about it.
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I,
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I mean, on the
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philanthropy
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versus
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sustainable business side, this is something that, you know, I wrestle with all the time with my personal and professional life. I mean, I think OpenSats has been a massive force for good for open source development,
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and I think it's accelerated the movement significantly.
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But then on the opposite side, I wear my ten thirty one hat, and we're trying to bootstrap profitable businesses that are sustainable.
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And I will say as someone who has worked as a volunteer for OpenSats
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since we founded it,
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You know, it's a it's a grind. Like, I it's not sustainable. It's not a sustainable thing. It's it's it's I it's when you throw fuel on a fire, then you have to go and get more fuel.
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Right? But, ideally, what you want is, you know, some kind of fusion reactor or something that doesn't need more fuel and just keeps going. And that's what capitalism is, you know, in in terms of financial support and financial backing. And on the journalism side,
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I mean, it's not a perfect,
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you know, that's not a perfect metaphor.
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But
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on the like, in terms of corporate media, one of the organizations that I've had
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more respect for
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for a decent amount of time, maybe less so lately, has been Bloomberg.
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And that's because their business model is not an advertising business model. Right? Their business model is not a clicks based business model. They're making money basically on the side doing b two b stuff with their terminals and whatnot,
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and that fund funds the journalism.
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And so finding, like, analogs to that and, obviously, once again, not perfect. But finding analogs to that in the in the, like, independent space
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is interesting to me. I don't pretend like there's an obvious solution, and in some situations, there probably isn't.
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I don't know. I'm being long winded here, but I I know you have seen
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some credible people, I guess,
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be able to monetize on Substack.
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But I think it's it's very few and far between. It's not really
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something that can be replicated at scale.
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Right? Yeah. It's a it's a winners take all environment as social media and the Internet, you know, often is,
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you know, there's a few winners. They succeed.
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A lot of people try. A lot of people fail.
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I think, you know, from from our end,
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that's where I think the prize has to be a catalyst. I mean, we're not planning to trying to fix journalism with on a $2,000,000 budget annually. That's just not possible. But if
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the
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if the winners can you know,
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the stringer laureate and stringer finalist,
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stringer fellow
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becomes
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a cache because of the people involved. You know, we have AG Salzberger. We have David Remnick, editors of, you know, The New York Times, New Yorker,
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Christian Amanpour
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at CNN. They're not influencing anybody's reporting, but they're lending their names and credibility. We have a Nobel,
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peace
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laureate handing out the awards next year.
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If all this credibility can help
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the the the journalist kind of accelerate their career,
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gain credibility, especially for someone from
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Angola or Cambodia or Congo who doesn't have access to these networks to be recognized, to be associated with these names, to be able to you know, I spoke with the New York Times. They they said, put put your 40 finalists in front of us. We wanna we want for us, it's a talent pipeline. So, you know,
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getting
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cutting through all those layers of of of,
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connections and,
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and separation
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and connecting these journalists, these really brave, great journalists to resources,
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attached to a credible brand,
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prestigious brand that we're building. Hopefully, that you know, like a Nobel Laureate, people that becomes a moniker for life. Whenever you refer to someone, you say they're Nobel Laureate, and that opens doors at universities,
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you know, publications,
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all kinds of support.
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Yeah. That makes sense. Yeah. Wherever there is support, they can find it.
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And these supports aren't limited to,
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you know, western journalists or journalists like myself who went to Yale and, you know,
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have certain connections,
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trying to bridge that gap. And the the the the model is that it should be multiplicative. Every year, the winner does what I'm doing.
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The winner opens up their networks, opens up their resources, opens up their publishing connections and mentors the younger journalists so that in five years, we have a multiplied out sort of,
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you know, network of partners and support, and it's not just, Anjan's network.
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Right.
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Yeah.
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No. I mean, the prize makes a lot of sense to me. I think it compounds well. It scales better than just grants alone.
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I mean, because as it has more cache, then
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it becomes more effective, and then it just it's like a beautiful feedback loop. The one thing to keep in mind is I'm sure I don't have to tell you. Just don't let it become Forbes 30 under 30, which is actually like a negative signal now.
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Exactly.
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I would not
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do not back any companies that are in Forbes founders that are in Forbes 30 under 30.
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But that's actually a perfect example of incentives. Right? Because Forbes 30 under 30 is not a nonprofit.
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Their most valuable asset is not their reputation and their credibility. It's actually clicks.
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And so now I think every year, it's, like, 300 people are selected. The list keeps expanding.
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And they it's like, follower counts are more important,
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than actually what they're doing.
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Well, let's so there's two pieces here. So first of all, when did you start the Stringer Foundation?
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We launched it last year.
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Okay. Right after my TED talk in in about May.
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It's been it's been a whirlwind of a year.
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You know, as I mentioned, we've gotten these major media organizations,
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the leaders of them to support us.
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CNN,
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New Yorker, New York Times,
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Committee to Protect Journalists, a whole bunch of organizations in this space.
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We've, obviously got our five zero one c three status.
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Building partnerships with organizations like the World Liberty Congress, the Human Rights Foundation, HRF, where we met,
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all kind of pivotal support. We've launched our applications.
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Our deadline is December 31 in two weeks. We've already got more than 300 applicants from around the world. We have really amazing journalists have gone through this. That's awesome.
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Really, you know, outstanding people,
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who deserve support.
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And we have our jury,
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including some very prestigious folks who will choose. I won't choose the winners. I built this. I have a hand in this too much of a hand in this anyway. And so it'll be a jury, an independent jury that chooses the winners.
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And,
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we have an anchor donor who's covered our operational costs. And, basically, I'm on the road
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raising two things. I'm raising,
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money to hand out to journalists, you know, with the pitch that every dollar we raise will go straight to the journalists, and we are, you know, exploring traditional fundraising, Bitcoin fundraising. Our website accepts Bitcoin donations and traditional donations.
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And,
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we're raising an endowment like OpenSets. That's our long term sustainable,
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model, where we raise $50,000,000.
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It's five zero,
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at 4% that produces a $2,000,000 annual budget that funds our lean team and a million dollars in direct cash to journalists.
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What are you gonna do? Put it in treasuries?
394
00:31:33.679 --> 00:31:35.460
I don't think Bitcoin you're gonna
395
00:31:35.760 --> 00:31:36.900
get your 4%.
396
00:31:37.200 --> 00:31:46.475
Well, if you put a Bitcoin, it should be more than 4%. But, probably, you know, it depends on the donor. Yeah. The OpenSets endowment moves up and down, like, 15%
397
00:31:46.475 --> 00:31:51.135
every week. I don't know. Everyone can stomach that volatility, but I highly recommend it.
398
00:31:51.675 --> 00:31:58.555
Exactly. I think, you know, if you're I think you both in the traditional stock market and Bitcoin, if you're willing to stomach that kind of,
399
00:32:00.360 --> 00:32:02.540
volatility and you have enough of a a buffer,
400
00:32:03.240 --> 00:32:06.140
it can serve you well. So I I would say,
401
00:32:06.520 --> 00:32:16.555
you know, depends on the donor. We are accepting donations Bitcoin. We will pay journalists in Bitcoin. It's just gonna be far easier than going through the banking system to pay journalists around the world. Way easier.
402
00:32:17.015 --> 00:32:19.915
Yeah. It's Bitcoin sucks at force it if I were you.
403
00:32:20.295 --> 00:32:34.380
A 100%. And, you know, if you we even made a sizzle video, and I was filming in six countries around the world. It was just I I onboarded so many people. Like, there's not a the open sats we have a strict policy. Like, you get approved for a grand, you get paid in Bitcoin.
404
00:32:34.840 --> 00:32:42.625
We have never had a I mean, it's a little bit different because a lot of the recipients are Bitcoin developers, but a lot aren't as well.
405
00:32:44.445 --> 00:32:47.105
You know, we fund open source software that is tangentially
406
00:32:47.725 --> 00:32:50.625
you know, what it doesn't have to be directly Bitcoin related,
407
00:32:51.165 --> 00:32:57.665
to be funded. We've never had a single person complain. Be like, oh, like, you just sent me, you know, $4,000.
408
00:32:58.020 --> 00:33:22.415
Like, how do I use it? Like, they figure it out. They they're very happy for the financial support, and it makes our job like, we couldn't we're sending out grants to 40 plus countries, 200 recipients a month. Like, we can't do that with wires. It's just I don't even know if it's possible. Let definitely not nearly as efficiently as we do it. 100%. And the same for us. We, you know, we made this video. I was paying cameramen and fixers and,
409
00:33:23.355 --> 00:33:23.935
you know,
410
00:33:24.315 --> 00:33:41.320
production people in six different countries from Myanmar to Uganda. There was no way the traditional system we it would have eaten up all their pay in in bank transfer fees. And I onboarded all of them onto BlueWallet, sent them a dollar. They received it. I sent them the rest. They were they were thrilled. It was just instantaneous.
411
00:33:42.045 --> 00:33:47.585
And, and now they're on Bitcoin, and they can see their portfolio go up and down, but, you know, over the long term,
412
00:33:48.045 --> 00:33:51.805
generally up. And I think, it's it's education. It's,
413
00:33:52.365 --> 00:33:53.265
supporting people
414
00:33:53.565 --> 00:33:54.465
to make themselves
415
00:33:55.080 --> 00:33:56.460
free of the financial system
416
00:33:56.760 --> 00:33:58.299
and sustainable self sustaining,
417
00:33:59.880 --> 00:34:03.580
across the world. So, yeah, we will use Bitcoin to pay journalists.
418
00:34:04.360 --> 00:34:06.700
I would say on the actual endowment, the structure,
419
00:34:07.000 --> 00:34:09.660
it's gonna depend on, to some degree, on donors.
420
00:34:10.325 --> 00:34:14.984
Some traditional donors, old school folks are really, really still worried about Bitcoin.
421
00:34:15.285 --> 00:34:16.105
But I would
422
00:34:16.805 --> 00:34:21.625
say we would push in the direction of Bitcoin and be aggressive in that direction as much as we can.
423
00:34:22.180 --> 00:34:22.680
Oh,
424
00:34:22.980 --> 00:34:24.840
man. We don't wanna exclude anybody.
425
00:34:25.380 --> 00:34:26.280
So you potential.
426
00:34:26.740 --> 00:34:29.080
That makes sense. So you have two pieces here.
427
00:34:31.860 --> 00:34:32.340
I,
428
00:34:32.980 --> 00:34:34.120
you have the grants,
429
00:34:35.140 --> 00:34:36.520
and then you have the,
430
00:34:37.704 --> 00:34:38.925
the prize the
431
00:34:39.305 --> 00:34:40.285
the the award.
432
00:34:42.585 --> 00:34:48.925
So the 300 applicants, are they applying for grants, or are they applying to be considered for the awards?
433
00:34:49.480 --> 00:34:58.780
They've been con applying for across the board. So we just ask them to application. It's the same thing. It's one application. We don't wanna make it onerous. I'm a journalist. I filled out, you know, hundreds of applications
434
00:34:59.160 --> 00:35:04.855
that went nowhere. I don't wanna I'm I'm a journalist. I'm building this for journalists. So it's a fifteen to twenty minute application,
435
00:35:05.875 --> 00:35:06.755
that we then,
436
00:35:07.075 --> 00:35:15.494
score internally. It's from journalists across a range of experience, like, from three years of experience to twenty years of experience. So we use that to separate
437
00:35:16.515 --> 00:35:17.015
roughly
438
00:35:18.230 --> 00:35:25.210
where they are in their career journey and what they're eligible for. The earlier the inexperienced journalists or less experienced journalists
439
00:35:25.589 --> 00:35:28.970
are more likely to win grants unless they're truly outstanding,
440
00:35:29.349 --> 00:35:42.825
and the more experienced journalists will be eligible for the award. So there's a pipeline. There's grants. There's a junior fellowship. There's a senior fellowship, and then there's the award, the string of prize. And so we we we we do that internally. We don't put that burden on them,
441
00:35:43.845 --> 00:35:51.040
and we're flexible. If there's a journalist with ten years of experience who's just done incredibly outstanding work, then, of course, they're up for the price.
442
00:35:51.500 --> 00:35:52.240
You know, we
443
00:35:52.620 --> 00:35:55.600
we measure in our in our application. We measure
444
00:35:56.220 --> 00:35:58.880
how much they've done with the resources that they have.
445
00:35:59.900 --> 00:36:03.280
You know, an American journalist who has access to a lot of resources,
446
00:36:03.580 --> 00:36:07.575
who's unlikely to be thrown in jail or have their bank accounts frozen
447
00:36:08.035 --> 00:36:09.175
or, you know,
448
00:36:09.875 --> 00:36:14.775
their family members killed just has a higher bar than an Angolan journalist for whom
449
00:36:15.155 --> 00:36:16.135
that's a daily
450
00:36:16.435 --> 00:36:17.415
risk and reality
451
00:36:17.795 --> 00:36:22.309
to be thrown in prison, denied food, and bank account shut down and stuff like that. And so
452
00:36:22.609 --> 00:36:26.710
if the we we the the scoring system that we have, it's a courage index
453
00:36:27.089 --> 00:36:27.910
that weights,
454
00:36:28.289 --> 00:36:29.009
you know,
455
00:36:29.490 --> 00:36:36.984
the persistence of the journalist in the face of danger, the kind of journalist journalism they're doing, how they're holding power accountable, the scope, the scale, the story.
456
00:36:37.845 --> 00:36:45.945
We invite applications applicants from around the world. We want to be inclusive. We don't wanna extort anybody. We don't wanna end up with prize winners being the best,
457
00:36:46.550 --> 00:36:57.130
you know, female journalist or the best global South journalist or the best Angolan journalist or the best African journalist. No. We would just want the best journalist period. And that's our that's our pitch. That's our value add
458
00:36:57.750 --> 00:36:58.890
to the world of journalism.
459
00:36:59.430 --> 00:37:07.565
And I think we're also gonna inspire and push global North journalists, like American journalists, to up their game. You know? You have so much security
460
00:37:07.945 --> 00:37:12.765
relative to a Cambodian journalist. What are you doing with it? Are you showing as much courage?
461
00:37:13.625 --> 00:37:14.765
You know, push
462
00:37:15.110 --> 00:37:20.650
push and, you know, get these stories that need to be told, that, you know, many media institutions and
463
00:37:21.190 --> 00:37:24.170
authorities don't want to be don't want published.
464
00:37:24.470 --> 00:37:33.855
Push for those, and we are the forum that will recognize and honor you and and finance you. So the prize winner will will be half a Nobel, half a Nobel prize. It's half $1,000,000.
465
00:37:34.235 --> 00:37:41.615
And, senior fellowship is 150 k. Junior fellowship is 75 k. And the grants are, like, one off 10 k grants.
466
00:37:42.460 --> 00:37:42.780
You know,
467
00:37:43.500 --> 00:37:47.600
some donors the grants are really for certain specific kinds of donors that,
468
00:37:48.220 --> 00:37:56.960
say, oh, we have, like, 50 k. We just wanna give it to you. We're like, great. You know, throw it in. We'll send it through our pipeline, through our same infrastructure and process. It'll be vetted,
469
00:37:57.565 --> 00:38:11.885
independently chosen journalists, and we'll hand out the money. No problem. Money in, money out. And so Are you going to, so that so 50, that would be, like, five journalists, 10 k one time grants. Are you gonna send them, like, a little pamphlet? Like, these are the journalists you bought? Or
470
00:38:12.710 --> 00:38:15.450
Sure. Yes. And I think some of these donors are starting
471
00:38:15.829 --> 00:38:16.890
not bought. Sorry.
472
00:38:18.230 --> 00:38:19.289
This is very intensely
473
00:38:19.750 --> 00:38:22.010
provided. Yeah. Yeah. Yeah. These are journalists you supported.
474
00:38:22.390 --> 00:38:33.665
And I think some of these donors wanna start with 50 k, but, you know, you know, the or they have only 50 k, but maybe over time, though, they could bring together far greater resources. So I wanna give them a a way
475
00:38:34.525 --> 00:38:35.985
to to participate without,
476
00:38:37.645 --> 00:38:40.705
without saying no to them. That's something that I
477
00:38:42.410 --> 00:38:43.610
I fight with a lot,
478
00:38:44.650 --> 00:38:45.150
internally,
479
00:38:46.250 --> 00:38:48.430
while building out OpenSats is that,
480
00:38:50.730 --> 00:38:52.910
like, big charity is a real thing
481
00:38:53.610 --> 00:38:54.110
and
482
00:38:54.730 --> 00:38:56.350
in a bad way. And
483
00:38:57.405 --> 00:39:00.065
the the standard for the really large charities
484
00:39:01.565 --> 00:39:05.265
is, you know, they're sending you I mean, I'll I'll use an example.
485
00:39:06.925 --> 00:39:08.465
For my dad's birthday
486
00:39:09.005 --> 00:39:13.310
a couple years ago, I got him I I donated in his name to,
487
00:39:14.570 --> 00:39:18.430
an organization that funds mind clearing mind clearing rats.
488
00:39:20.570 --> 00:39:24.510
Okay. And, because it was just crazy, but also it's for good cause.
489
00:39:24.924 --> 00:39:33.345
But, like, these rats, like, go out, and they're they're not blowing up on the mines on the landmines. They're they actually can sniff the landmines. They can they're trained to sniff the landmines,
490
00:39:33.964 --> 00:39:37.904
and then they they tell the human handler to go and remove the landmine.
491
00:39:38.609 --> 00:39:45.589
And they're they're light enough that they don't blow up when they touch the landmine. That's why they don't use dogs or something like that. It's, like, smart smart enough, but light enough,
492
00:39:46.130 --> 00:40:12.430
to detect the landmines. And we get I followed I followed yeah. I followed these crews in Cambodia, actually, wherever Yeah. It's pretty cool. Yeah. But, like and, like, part of the cool part is, like, my dad gets all the updates. It's like, you get to name the rat, and it's like the rat's named Bob. And it's like Bob just went to pre k, and then Bob went to class today, and he learned this or whatever. And we're getting all these emails. And, obviously, there's, like, a donate button on the bottom. We're getting all these emails, blah blah blah. Bob cleared mine today. You're getting all these updates.
493
00:40:12.810 --> 00:40:20.110
And that stuff costs, like it costs a lot of money, like, from, like, labor just human labor alone on, like, putting together this stuff
494
00:40:20.415 --> 00:40:21.715
and sending it out.
495
00:40:23.295 --> 00:40:36.760
And so with OpenSats, for instance, like, we've opted out of most of that. Like, we don't have the glamorous reports. We don't have the galas. We don't do all that stuff to try and keep it more efficient and more lean. You know, by design, we don't take a cut of donations.
496
00:40:37.380 --> 00:40:40.120
But it kinda has it it definitely has hurt our
497
00:40:40.820 --> 00:40:44.360
at least short term, it has hurt our ability to raise,
498
00:40:45.220 --> 00:40:52.175
scale donations and get more donations. And it's an interesting balancing. I I don't know if it's something you've thought about a lot because there's there's
499
00:40:53.435 --> 00:40:58.335
definitely, credence to it when done properly, but I think there's also a lot of room for inefficiency
500
00:40:59.835 --> 00:41:08.490
to kind of move into that. Yeah. We're actually putting together our end of the year update, our first, like, you know, real update to everybody. You're gonna receive one.
501
00:41:10.230 --> 00:41:36.100
We're crafting that. I'm trying to automate everything as much as possible, but still customize and personalize it so people really feel like there's a connection with me. I think it's you know, our our model is similar to yours. We wanna be as lean as as cheap as possible. We want the majority of money to go to the journalists. Out of the $2,000,000 annual budget, 1,000,000 is straight cash to the journalist. Half 1,000,000 is programmatic support to the journalist, mental health, legal support, other kinds of support. And our team is half 1,000,000. It's super lean.
502
00:41:39.360 --> 00:41:40.180
That said,
503
00:41:44.174 --> 00:41:44.835
you're good.
504
00:41:45.535 --> 00:41:49.075
Pollution in Mexico is sunny these days, and it's not the best time of the year for me.
505
00:41:50.095 --> 00:41:55.474
But that said, we are a media organization. I have naturally a lot of connections in the media being a journalist
506
00:41:55.775 --> 00:41:57.234
who care about this cause.
507
00:41:57.890 --> 00:42:04.870
You know, a friend of mine in the New York Times was like, yeah. Let's explore how we can publicize your finalists and your winners in the New York Times.
508
00:42:05.890 --> 00:42:09.350
I'm pitching Christiana Manpour to be on our show. At least have the winners,
509
00:42:09.650 --> 00:42:16.434
or the finalists on their on our show. And these connections are very natural to us. I think where a lot of organizations would pay for publicity,
510
00:42:17.375 --> 00:42:23.875
we're lucky in the sense that we have those connections naturally. So I'm trying to leverage that as much as I can,
511
00:42:24.690 --> 00:42:25.990
not pay PR firms.
512
00:42:26.690 --> 00:42:33.910
I met someone a few days ago that paid half $1,000,000 for, like, a for a media publicity campaign for another prize that they were setting up. Insane.
513
00:42:34.290 --> 00:42:38.550
Insane. And that was at a discount. They hired Apple That was that was a scam.
514
00:42:39.684 --> 00:42:41.385
I think so. And so,
515
00:42:42.645 --> 00:42:46.184
yeah, I believe in building organically, building small, building slow,
516
00:42:46.724 --> 00:42:48.025
you know, being able
517
00:42:48.645 --> 00:42:52.825
to low overhead so you can, you know, weather the storms that come your way,
518
00:42:53.940 --> 00:42:59.400
and creating something. The success of this is gonna be longevity. It's gonna be doing being consistent
519
00:42:59.700 --> 00:43:03.720
year after year, the same process, the same prestige, the same integrity,
520
00:43:05.619 --> 00:43:06.600
raising the funds.
521
00:43:07.035 --> 00:43:07.535
And,
522
00:43:07.994 --> 00:43:10.575
over time, it's just gonna gain the prestige
523
00:43:11.035 --> 00:43:12.815
that that that it deserves
524
00:43:13.115 --> 00:43:14.575
and be a lasting infrastructure.
525
00:43:14.875 --> 00:43:16.575
And so that's my general,
526
00:43:16.954 --> 00:43:18.174
you know, drift.
527
00:43:18.555 --> 00:43:20.974
That's how I live. That's how I've been able to do journalism.
528
00:43:21.320 --> 00:43:22.760
You know, at $500
529
00:43:22.760 --> 00:43:28.300
a story for so long, I've been able to live cheap and, you know, build an infrastructure that that,
530
00:43:28.680 --> 00:43:34.940
has a lot of impact, has a lot of reach. My stories reach millions of people, but the costs are kept intentionally very low.
531
00:43:35.480 --> 00:43:36.860
And I think the same thing
532
00:43:37.565 --> 00:43:39.744
is true of many of the journalists that we support.
533
00:43:40.444 --> 00:43:42.464
And, that makes sense to me.
534
00:43:42.924 --> 00:43:43.424
I,
535
00:43:45.484 --> 00:43:49.860
I mean so the other piece the other piece that I wanted to get your
536
00:43:51.780 --> 00:43:55.640
your insight on or how you think about it, when I'm building out OpenSats
537
00:43:55.940 --> 00:43:56.420
is,
538
00:43:57.300 --> 00:44:03.555
that I've been thinking about a lot as I build out OpenSats. It's something I like I call the tenure problem, like, teaching tenure.
539
00:44:04.255 --> 00:44:04.995
And and
540
00:44:05.535 --> 00:44:07.235
it's it's a twofold problem
541
00:44:07.535 --> 00:44:09.955
in my mind. The first problem is,
542
00:44:12.015 --> 00:44:16.435
I think, you know, what a lot of people think when they hear tenure in academia, which is
543
00:44:16.920 --> 00:44:19.180
that you have, you know, just
544
00:44:19.880 --> 00:44:33.484
a lack of work work ethic happens. You know, people get lazy, like, after five years, six years of being on tenure. I mean, there's some there's some amazing teachers that are on tenure, but there's also a group of teachers that basically have job security, and
545
00:44:34.025 --> 00:44:39.005
they just stop showing proof of work. They stop actually doing real work that is actually moving the needle.
546
00:44:40.025 --> 00:44:44.045
So that's one piece. And then the second piece is I think it creates a dependency.
547
00:44:44.940 --> 00:44:49.440
Right? It it creates this dependency on the organization that is funding their bills.
548
00:44:50.380 --> 00:44:54.240
So that at its core, they kind of start to lack independence,
549
00:44:55.339 --> 00:44:56.240
at least in
550
00:44:57.785 --> 00:45:01.805
in motivation and and and and and making things happen.
551
00:45:02.505 --> 00:45:07.785
And so where do why do I bring this up? I bring this up because we talk about a lot of times, like, okay. We get like this
552
00:45:08.425 --> 00:45:15.900
let's say top of the top. Right? Because we have a whole wide variety of open source contributors that we fund from, like, very small to just, like,
553
00:45:16.200 --> 00:45:17.020
really legendary
554
00:45:17.320 --> 00:45:22.215
contributors that the Internet relies on and people don't realize the Internet relies on. There's, like,
555
00:45:22.695 --> 00:45:23.595
20 of them.
556
00:45:24.935 --> 00:45:25.435
Incredible.
557
00:45:26.295 --> 00:45:27.095
People getting
558
00:45:27.495 --> 00:45:33.675
how do you think about okay. So just to sum this all up, how do you think about people getting, like, long term grants?
559
00:45:35.980 --> 00:45:40.400
Because the the the opposite side of that, right, too is, like, if you are a,
560
00:45:41.660 --> 00:45:42.720
incredibly impressive
561
00:45:43.100 --> 00:45:43.600
cryptographer
562
00:45:44.220 --> 00:45:45.680
or open source contributor,
563
00:45:47.735 --> 00:46:00.475
we want you working on open source software. I don't want you to have to think about when you get the next grant. Like, oh, does my grant end in six months? Do I need to renew it and add more applications? Am I gonna be able to afford my rent? Right? You don't wanna have to think of all that.
564
00:46:00.940 --> 00:46:03.680
You want them to be, like, free to to actually
565
00:46:04.380 --> 00:46:07.120
do what's important and focus on their craft.
566
00:46:07.820 --> 00:46:14.175
So that's the benefit of long term support, and the negative would be this tenure problem that I'm saying. Like, how how do you think about that?
567
00:46:14.735 --> 00:46:19.395
I think, you know, it's exactly as you described. There's an elite group of people
568
00:46:19.695 --> 00:46:20.195
who,
569
00:46:21.215 --> 00:46:24.515
who are worth that and who've proven their commitment.
570
00:46:25.055 --> 00:46:31.470
In journalism, for certainly, there's an elite group of people who are unrecognized in the world, and that's the problem today,
571
00:46:32.570 --> 00:46:36.109
who have persisted in journalism despite, you know, being imprisoned and,
572
00:46:36.490 --> 00:46:44.025
being threatened and having family members killed or bank accounts frozen and so on. And still they persist. They still do this work. And I think that burden
573
00:46:44.325 --> 00:46:46.905
of due diligence is on us. We've gotta
574
00:46:47.445 --> 00:46:48.825
choose the committed people
575
00:46:49.205 --> 00:46:51.785
who deserve that kind of unrestricted support.
576
00:46:52.085 --> 00:46:54.665
And I agree for the vast majority,
577
00:46:56.860 --> 00:47:02.240
that kind of unrest or for a lot of people that un unrestricted support might lead to very variable outcomes.
578
00:47:02.700 --> 00:47:12.484
And that's why you start with smaller grants and you, you know, give them some encouragement and you tell them the tenure is there for a very elite group, come join and be part of that elite group.
579
00:47:14.305 --> 00:47:21.205
Maybe you get a couple of bad apples along the way. I think that's the cost of doing this kind of work of, of picking these these really committed journalists.
580
00:47:21.520 --> 00:47:26.180
But I would I I liked that model where you pick the people who've proven their commitment.
581
00:47:26.720 --> 00:47:31.620
The burden is on us to choose those people. They don't need to prove anything. They've already proven themselves
582
00:47:32.400 --> 00:47:33.860
amply to the world,
583
00:47:34.265 --> 00:47:37.885
and we fund them. And I think to them, the kind of unrestricted
584
00:47:39.385 --> 00:47:41.805
support that you're talking about is truly transformative.
585
00:47:42.905 --> 00:47:47.725
And I don't think yeah. I don't It's not it's not my wheelhouse really at all.
586
00:47:49.790 --> 00:47:50.290
But,
587
00:47:50.590 --> 00:47:53.090
like, I'm kinda curious. Like, from my perspective,
588
00:47:54.670 --> 00:47:59.330
like, I feel like if there's, like like, 10 really quality independent journalists
589
00:47:59.950 --> 00:48:02.530
that are just allowed to cook, like, like, just
590
00:48:03.015 --> 00:48:05.275
just run with it. Like, you don't have to worry.
591
00:48:05.654 --> 00:48:08.395
You know, you're getting a 150 k a year or something.
592
00:48:08.775 --> 00:48:13.275
Like, a real salary. You're getting, like, a real salary per year with no strings attached
593
00:48:13.734 --> 00:48:19.009
and just cook. Just, like, make just produce really good independent ad free journalism.
594
00:48:19.710 --> 00:48:23.250
Like, that would move the needle significantly. I feel like that is not
595
00:48:24.589 --> 00:48:30.990
is am I wrong in that? You know, a 100%. I that I a 100%. I think the good I think a good analogy is,
596
00:48:31.685 --> 00:48:32.345
the MacArthur
597
00:48:32.645 --> 00:48:39.545
grants. They pick outstanding people, and they give them 160 k a year for five years. And it's transformative
598
00:48:39.925 --> 00:48:40.425
for,
599
00:48:40.885 --> 00:48:53.099
what's the background on that? I'm not familiar with that. So the MacArthur Genius Award is, you know, MacArthur Foundation has a huge endowment, and they give 800 k grants to a select group of people chosen every year.
600
00:48:53.480 --> 00:48:54.619
800 k grants,
601
00:48:55.000 --> 00:48:57.000
spread over five years, so that's 160
602
00:48:57.000 --> 00:48:57.740
per year.
603
00:48:58.760 --> 00:49:02.175
These are for artists and for writers and for, you know,
604
00:49:02.655 --> 00:49:03.155
poets,
605
00:49:03.695 --> 00:49:04.755
some some researchers.
606
00:49:06.015 --> 00:49:14.435
And it's transformative for a lot of them. It's especially for the artists, I can speak to that, you know, artists, journalists. Unfortunately, it's only open to US citizens.
607
00:49:14.735 --> 00:49:17.075
And so I'm not eligible. Most of the journalists.
608
00:49:17.840 --> 00:49:23.380
After my TED talk, couple of people came up to me and said, we wanna nominate you for MacArthur. And I was like, don't bother. I'm not a US citizen.
609
00:49:23.840 --> 00:49:28.660
I'm not eligible. And that's the problem we're trying to fix. I think these models exist in these small ecosystems
610
00:49:29.120 --> 00:49:31.380
where it does supercharge careers.
611
00:49:31.715 --> 00:49:41.175
I think having 10 journalists on on a on a decent living wage, and we don't even have funding for 10, but we'll have funding for three on our books at any given time. It would be transformative.
612
00:49:42.355 --> 00:49:51.069
I would be transformative not only for them, it would be transformative, I think, for the whole field to know that that exists. I've had people reach out to me in the society, like, getting quality journalism.
613
00:49:51.609 --> 00:49:55.009
100%. It'd be it's it's it's,
614
00:49:57.210 --> 00:49:59.950
society benefits from having a sustainable
615
00:50:00.250 --> 00:50:00.910
a sustained
616
00:50:01.690 --> 00:50:02.190
cohort
617
00:50:02.775 --> 00:50:05.355
of reporters who aren't beholden to anybody
618
00:50:05.734 --> 00:50:07.595
and who thrive in their independence
619
00:50:08.135 --> 00:50:10.395
and have proven to use that independence
620
00:50:10.855 --> 00:50:13.595
in a good way. You know? Provide fact based,
621
00:50:13.895 --> 00:50:14.714
even handed,
622
00:50:16.200 --> 00:50:16.940
deep dived,
623
00:50:17.400 --> 00:50:18.700
kind of really critical,
624
00:50:19.720 --> 00:50:24.620
explosive reporting around the world. Things that need to be exposed, stories that need to be told.
625
00:50:26.040 --> 00:50:33.954
I really think of journalism, you know, for myself. I think of what drives me is in some of these bleak places in bleakest places in the world where I've reported,
626
00:50:34.654 --> 00:50:37.075
I find some of the most inspiring human beings.
627
00:50:37.934 --> 00:50:39.394
I found people who
628
00:50:39.775 --> 00:50:41.154
ordinary people who,
629
00:50:42.015 --> 00:50:49.420
have no protection, have little money, but give themselves to a really noble cause. And I feel a big part of my job is to
630
00:50:50.040 --> 00:50:51.100
capture their stories,
631
00:50:51.720 --> 00:50:52.940
transmit those stories.
632
00:50:53.560 --> 00:50:55.740
A lot of these people whom I'm writing about,
633
00:50:56.200 --> 00:50:57.240
they die,
634
00:50:58.375 --> 00:51:06.715
pretty quickly. They die, like, you know, weeks, months, years after I've seen them because they're doing really high risk work. My job is to make sure that their spirit doesn't die,
635
00:51:07.735 --> 00:51:10.315
and that their spirit, their work, their cause,
636
00:51:10.740 --> 00:51:13.160
the risk they took inspires people
637
00:51:14.500 --> 00:51:19.400
after their past future generations. And I think that's kind of at the core of what
638
00:51:19.780 --> 00:51:20.280
journalism
639
00:51:20.740 --> 00:51:23.060
the kind of journalism that I do, should be about,
640
00:51:24.020 --> 00:51:24.840
very humane,
641
00:51:26.935 --> 00:51:27.915
inspiring journalism
642
00:51:28.375 --> 00:51:30.935
and elevating the best of us. And I think,
643
00:51:31.494 --> 00:51:32.234
you know,
644
00:51:33.095 --> 00:51:37.355
we wanna support we wanna expand the support for this kind of reporting because
645
00:51:37.710 --> 00:51:44.290
journalism part of the reason why it's in crisis is because journalists have been told that you these kinds of inspiring stories
646
00:51:44.750 --> 00:51:47.650
are not what you can monetize. You monetize information.
647
00:51:48.109 --> 00:51:51.250
And, unfortunately, in the age of AI, information is now commodity.
648
00:51:51.675 --> 00:51:54.095
And we've all been commodified. Like, the AI
649
00:51:54.635 --> 00:51:59.135
chatbots are scraping the New York Times website, and the New York Times just sued OpenAI.
650
00:51:59.595 --> 00:52:05.295
And we're just, like, becoming data feeders for AI engines where people are, you know, getting their information.
651
00:52:05.740 --> 00:52:08.640
And I think journalism has to go back to that core principle
652
00:52:09.340 --> 00:52:10.240
for why we
653
00:52:11.180 --> 00:52:14.400
why I started off doing this kind of work, which was,
654
00:52:17.260 --> 00:52:18.000
which was
655
00:52:19.045 --> 00:52:24.905
to find these inspiring stories and transmit them and and provide you know, elevate these beacons of,
656
00:52:25.925 --> 00:52:28.665
inspiration of humanity around the world wherever they are.
657
00:52:29.685 --> 00:52:30.425
Love that.
658
00:52:33.240 --> 00:52:35.080
Yeah. I mean, the AI piece is,
659
00:52:38.040 --> 00:52:41.020
is fascinating in its own right. It should be interesting to see
660
00:52:41.480 --> 00:52:44.380
how that plays out. I don't think anyone can be really certain
661
00:52:44.680 --> 00:52:45.180
on
662
00:52:46.025 --> 00:52:47.005
the different,
663
00:52:50.105 --> 00:52:57.165
you know, outcomes. There's so many different variables at play, and it's it's still so very it's it's very early on how these tools are
664
00:52:57.720 --> 00:52:58.220
working
665
00:52:58.760 --> 00:53:00.460
and people are using them,
666
00:53:00.920 --> 00:53:02.859
and the pitfalls of them as well.
667
00:53:03.800 --> 00:53:06.859
I mean, I wanna change paces real quick here,
668
00:53:08.040 --> 00:53:09.260
before we wrap.
669
00:53:10.005 --> 00:53:19.065
I mean so one of my main focuses has been something called value for value, and that's been both on the Bitcoin side and on the Nostr side and building on Nostr.
670
00:53:19.845 --> 00:53:24.105
And this show. This show has been going on for five years with no ads, with no sponsors.
671
00:53:25.260 --> 00:53:27.520
No clickbait. We don't do the big,
672
00:53:27.980 --> 00:53:29.840
you know, open mouth thumbnail
673
00:53:31.340 --> 00:53:31.840
stuff,
674
00:53:32.700 --> 00:53:33.200
bullshit.
675
00:53:34.300 --> 00:53:36.000
We don't do, like, the big engagement
676
00:53:36.380 --> 00:53:41.795
headlines, you know, emergency broadcast. You know, this is gonna end the world. Yada yada yada yada.
677
00:53:43.295 --> 00:53:44.595
And it's been working,
678
00:53:45.935 --> 00:53:48.755
to degree. I mean, it's been five years.
679
00:53:51.375 --> 00:53:52.515
You know, some episodes
680
00:53:53.750 --> 00:53:59.849
earn from donations as much as a New York Times article, which is apparently is just a very low bar.
681
00:54:01.349 --> 00:54:05.690
But but but it's also been very obvious. Right? Like, I've seen shows come and go
682
00:54:06.215 --> 00:54:07.595
since this was created
683
00:54:08.055 --> 00:54:11.595
that have made many, many multiples in terms of money,
684
00:54:12.695 --> 00:54:13.095
and,
685
00:54:14.375 --> 00:54:16.875
many, many multiples in terms of audience size.
686
00:54:17.255 --> 00:54:19.755
Right? And they kind of go hand in hand.
687
00:54:20.930 --> 00:54:21.910
I do think
688
00:54:23.089 --> 00:54:24.710
I think there's an, you know,
689
00:54:26.210 --> 00:54:30.150
I think there are decent amount of people that are ideologically aligned enough
690
00:54:31.009 --> 00:54:37.924
to not care as much about the money. Obviously, people need to live, So they care about money at its core. Right? Money as a tool to
691
00:54:38.625 --> 00:54:40.724
survive and sustain and thrive.
692
00:54:42.385 --> 00:54:44.645
But I think the audience piece is,
693
00:54:46.065 --> 00:54:46.565
maybe
694
00:54:46.944 --> 00:54:47.444
even
695
00:54:47.770 --> 00:54:58.110
that, like that's hard to wrap your head around ideologically. Because if you think you're doing good work and you you think the the signal you're spreading is important for society and important for people,
696
00:54:58.410 --> 00:55:02.670
and that's why you're doing it, I think it can get quite frustrating for people,
697
00:55:04.745 --> 00:55:09.245
feel like there's, you know, spinning their wheels and hitting a fraction of the audience
698
00:55:09.545 --> 00:55:11.305
that, like, mister beast is hitting or
699
00:55:12.025 --> 00:55:20.180
I don't know. I I don't really have that many examples on the top of my head, but they're all over the place. The top guys. All the top guys. Right? With the engagement bullshit.
700
00:55:20.720 --> 00:55:22.660
So you don't you don't watch them.
701
00:55:23.440 --> 00:55:25.780
Yeah. So what what I see the thumbnails.
702
00:55:26.560 --> 00:55:27.440
So what is,
703
00:55:29.920 --> 00:55:30.580
is is
704
00:55:31.395 --> 00:55:35.415
I so I really do think there's a real opportunity there. I think there's a real opportunity.
705
00:55:36.035 --> 00:55:42.775
So so so the audience piece is probably once I get once again, I think I think if we can solve that piece,
706
00:55:44.210 --> 00:55:48.470
which is is the beauty of an open protocol like Nasr, where
707
00:55:49.010 --> 00:55:49.910
a bunch of independence
708
00:55:50.210 --> 00:56:01.205
kind of compound off of each other's network effect. Kind of like an open version of, I think, what led to a lot of the success of Substack, which is, like, you're not on your own building out an email newsletter or a podcast.
709
00:56:02.145 --> 00:56:08.485
You're part of, like, a greater discovery mechanism that compounds on top of each other. Mixed with value for value Bitcoin
710
00:56:09.119 --> 00:56:12.819
could lead to a sustainable path where some of these at least,
711
00:56:13.519 --> 00:56:18.019
you know, I guess across the spectrum where some people can transition from grants
712
00:56:18.400 --> 00:56:19.460
and prize money
713
00:56:19.760 --> 00:56:22.980
to just, like, direct audience funding. Is this something that
714
00:56:23.535 --> 00:56:27.474
at least, directionally, you agree with as a as a viewpoint?
715
00:56:28.175 --> 00:56:37.555
I think building an audience is is where we have to be. Right? How you monetize that audience is the big question. I think your point earlier on the show or in our conversation was
716
00:56:38.100 --> 00:56:40.440
that that often devolves into clickbait,
717
00:56:40.980 --> 00:56:48.120
and you being bought by audiences, that's the risk. What I realized a couple of years ago was that I I'm able to get my stories
718
00:56:48.980 --> 00:56:56.825
published in some of the most, you know, in in media with the widest reach. It's reaching millions of people. I'm being paid $500.
719
00:56:56.884 --> 00:56:59.525
Is my story worth $500?
720
00:56:59.525 --> 00:57:10.460
No. I don't think it is. I think it's worth a lot because it's reaching so many people. And so how do you monetize that? Can you get grants? Can you build organizations that, you know, philanthropically fund that?
721
00:57:10.920 --> 00:57:14.039
That's how the Stringer Foundation came to be. It's it's funding
722
00:57:14.839 --> 00:57:18.780
Yeah. But the problem with that the problem with that is is
723
00:57:20.035 --> 00:57:21.495
is so you're getting
724
00:57:22.275 --> 00:57:28.295
you're getting the benefit of New York Times network effect, for instance. Right? They're syndicating it out to other people.
725
00:57:29.555 --> 00:57:35.655
But then you're not you're you're actually not getting that audience. Well, you're getting them for a brief moment in the sun.
726
00:57:36.750 --> 00:57:41.410
Right? Like, even, like, the beauty even at least something like this podcast, which
727
00:57:42.030 --> 00:57:43.730
once again, like I said, I
728
00:57:44.350 --> 00:57:48.290
I think has been very valuable to people, but has grown much slower than its peers,
729
00:57:49.005 --> 00:57:55.345
is that once someone shares one of these shows, they're like, they like it, they share with their friends and family, then they click subscribe,
730
00:57:56.444 --> 00:57:57.105
and then
731
00:57:57.964 --> 00:58:00.144
then they're part of the dispatch ecosystem.
732
00:58:00.444 --> 00:58:04.625
Right? Yeah. But that doesn't happen that doesn't happen. Like, you I I I
733
00:58:05.220 --> 00:58:06.920
I correct me if I'm wrong, but
734
00:58:07.300 --> 00:58:08.119
I feel like
735
00:58:08.420 --> 00:58:20.040
it makes more sense to maybe use it as a bootstrap mechanism, like, taking advantage of other people's network effects. But, ideally, you need a place that you actually own, that you control, that you can bring them back home to.
736
00:58:20.595 --> 00:58:24.375
So you're not constantly basically, like, renting land from someone else. Right?
737
00:58:24.835 --> 00:58:30.855
I agree with that. I think, ultimately, you have to own your own media organization. And I think the tools are out there today
738
00:58:31.395 --> 00:58:32.295
to do that.
739
00:58:33.900 --> 00:58:49.155
Yeah. I it's just I again, the Internet you know, that's where I think Nostra and Bitcoin offers some kind of hope for a more, you know, the the original going back to the original idea of the Internet. Because the Internet today, what it's become is a winner take all kind of environment.
740
00:58:49.615 --> 00:58:54.195
And I don't see I see many, many journalists who've tried to build their own media organizations.
741
00:58:55.135 --> 00:58:56.675
And, frankly, they're more
742
00:58:57.454 --> 00:58:59.234
they're more dependent on donations
743
00:58:59.680 --> 00:59:01.220
than from any monetizing
744
00:59:01.520 --> 00:59:03.620
you know, commercial monetizing ads,
745
00:59:05.360 --> 00:59:09.940
for their work. The ones who tend to be successful with the ads tend to be, like you said, clickbait,
746
00:59:10.480 --> 00:59:10.980
engagement,
747
00:59:11.440 --> 00:59:11.940
ragebait,
748
00:59:12.480 --> 00:59:19.224
all kinds of negative stuff that you don't wanna see. So how do we solve that for the Internet? How do we solve that distribution problem?
749
00:59:20.405 --> 00:59:21.305
Hard to say.
750
00:59:21.845 --> 00:59:22.825
Hopeful that,
751
00:59:23.684 --> 00:59:32.050
you know, what I spoke about earlier, one of my thesis is that, you know, humane journalism, going back to those inspiring stories, maybe people
752
00:59:32.350 --> 00:59:36.610
will care for and pay for that, and that's gonna be easier to monetize
753
00:59:37.150 --> 00:59:37.650
than,
754
00:59:38.750 --> 00:59:39.970
information, providing
755
00:59:40.365 --> 00:59:42.785
timely or information like the wires do.
756
00:59:44.525 --> 00:59:47.425
Maybe that's how the intro the news industry is gonna evolve.
757
00:59:47.725 --> 00:59:48.205
Well, I think it's
758
00:59:49.005 --> 00:59:55.025
I mean, what's been success most successful so far, and correct me if I'm wrong, in my opinion is, like, analysis and opinion
759
00:59:55.760 --> 00:59:59.220
because that is actually scarce, right, and based on credibility.
760
01:00:00.640 --> 01:00:01.140
Right.
761
01:00:01.599 --> 01:00:04.880
To a certain audience in in sort of in the West, yes,
762
01:00:05.280 --> 01:00:06.420
analysis and opinion.
763
01:00:08.079 --> 01:00:09.300
Those kinds of commentators
764
01:00:10.275 --> 01:00:12.535
have been able to carve out a niche for themselves.
765
01:00:12.914 --> 01:00:21.095
And they go on CNBC or whatever, you know, and and and, you know, it it's a marketing tool. The media top of funnel to bring them into their substack.
766
01:00:21.714 --> 01:00:25.575
Exactly. And so I think journalists as entrepreneurs, news entrepreneurs,
767
01:00:26.170 --> 01:00:28.830
that kind of training hasn't been pervasive
768
01:00:29.530 --> 01:00:30.350
enough for
769
01:00:30.970 --> 01:00:34.590
okay. Say you've you're doing good work and you've gotten certain brand name.
770
01:00:35.450 --> 01:00:40.190
What is the what is the mechanism by which you can make this a sustainable career?
771
01:00:42.745 --> 01:00:43.245
Yeah.
772
01:00:43.945 --> 01:00:50.105
I'm I'm sure Substack will tell us that, you know, it's possible on Substack. My experience with many journalists is it's really hard to get,
773
01:00:50.745 --> 01:00:52.920
a sustainable kind of audience base.
774
01:00:53.400 --> 01:01:01.020
Just so that but The problem with Substack is that at the end of the day, it's a centralized platform, and you're living there with their permission.
775
01:01:01.799 --> 01:01:04.299
And they're gonna take a cut of everything, and,
776
01:01:05.015 --> 01:01:10.955
they're gonna choose your destiny. They can choose to ban you at will if they want to, just like XCan or TikTok or Facebook.
777
01:01:12.375 --> 01:01:16.955
I actually like your framing that you said. It's kind of in passing, but,
778
01:01:17.960 --> 01:01:18.367
the
779
01:01:18.775 --> 01:01:31.339
like, for independent journalism to thrive, we basically need all the independent journalists to own their own media organization. And maybe that's what Nasr is as a protocol. Maybe Nasr is a protocol that enables people
780
01:01:32.115 --> 01:01:33.735
to own their own media organization
781
01:01:34.275 --> 01:01:37.895
without any infrastructure. Zero infrastructure. You don't have to run servers or anything.
782
01:01:38.515 --> 01:01:42.935
Yep. Exactly. Which is a key part. Right? That's where a lot of the friction lies.
783
01:01:43.235 --> 01:01:45.095
I mean, we've seen it. We you know,
784
01:01:46.840 --> 01:01:51.740
we've seen a bunch of these guys try and, you know, own their own web servers, do all this other stuff.
785
01:01:52.359 --> 01:01:55.580
And it's just it's a really, really hard way to skip.
786
01:01:56.280 --> 01:02:00.140
100%. I think in with Nostra, you own your audience.
787
01:02:00.575 --> 01:02:07.955
Unlike with Substack, Substack owns your audience, and they can cut you off from your audience at any time. And so where Nostra provides that edge
788
01:02:08.495 --> 01:02:12.355
is that you own your audience, and whatever you build, you get to keep.
789
01:02:12.670 --> 01:02:18.050
So I think, you know, I think it's early days, obviously, for this kind of, for this technology. But
790
01:02:18.590 --> 01:02:20.050
getting journalists incentivized
791
01:02:20.750 --> 01:02:23.010
proving to journalists that this is a way
792
01:02:23.790 --> 01:02:24.690
longer term,
793
01:02:25.515 --> 01:02:30.095
that will work, but making those short term incentives worth it can be powerful.
794
01:02:30.474 --> 01:02:34.895
Yeah. I mean, it's very much with Nasr specifically, it's very much a chicken and egg
795
01:02:35.595 --> 01:02:39.915
network effect, bootstrapping mechanism, both on the content side and on,
796
01:02:40.340 --> 01:02:41.880
like, the consumer reader
797
01:02:42.820 --> 01:02:43.320
side,
798
01:02:43.620 --> 01:02:44.680
audience side.
799
01:02:45.860 --> 01:02:54.994
And maybe once again, you know, I'm not I'm a I'm a bit agnostic on this. Like, maybe it's some other kind of open protocol, but I I think it's that direction that it needs to go in.
800
01:02:55.315 --> 01:02:56.775
I've said to you privately,
801
01:02:57.635 --> 01:02:59.255
and I'll just repeat it publicly.
802
01:02:59.954 --> 01:03:02.535
But, like, anything I can do to be helpful on onboarding,
803
01:03:03.635 --> 01:03:04.295
you know,
804
01:03:04.835 --> 01:03:05.335
respected,
805
01:03:05.930 --> 01:03:08.590
really quality proof of work independent journalists, Sannoster.
806
01:03:09.530 --> 01:03:10.830
Consider me a resource.
807
01:03:11.450 --> 01:03:14.430
Consider the freaks a resource. Like, I I think,
808
01:03:15.610 --> 01:03:17.150
you know, you're hitting us.
809
01:03:17.450 --> 01:03:22.714
I've talked about talked to you about this privately as well. You're hitting us at a weird time in the Bitcoin markets.
810
01:03:23.895 --> 01:03:32.315
But to the freaks that have any of you freaks out there that happen to have financial gains, you can get a tax deduction by donating to the Stinger Foundation with Bitcoin.
811
01:03:33.335 --> 01:03:35.035
But I will say where I think
812
01:03:35.640 --> 01:03:37.339
the freaks can be quite helpful,
813
01:03:39.880 --> 01:03:42.780
is, you know, retweeting on Nasr, zapping,
814
01:03:43.240 --> 01:03:48.460
engaging, replying. Like, replies and engagement really are are important as well,
815
01:03:49.055 --> 01:03:53.155
because it creates that interactive element that I think humans thrive
816
01:03:53.695 --> 01:03:54.195
on.
817
01:03:55.615 --> 01:04:03.315
Thank you. Really appreciate the shout out. I was excited to see Devine, you know, go on Master, and I think in initiatives like that will make Master more mainstream.
818
01:04:05.730 --> 01:04:06.230
Yeah.
819
01:04:06.690 --> 01:04:20.755
I mean, Devine's not live yet, I don't think. But yeah. Okay. Direction I I okay. I thought there there was already a lot of, It might be. It might be, like, wait list live, but there's a lot of hype around it. It's the Okay. Got it. Reboot of Vine,
820
01:04:21.214 --> 01:04:22.595
which is the
821
01:04:23.214 --> 01:04:26.275
short video platform that existed before TikTok existed.
822
01:04:27.135 --> 01:04:32.850
Right. Well, I guess all that to say is, yes. You know, I spoke about Bitcoin being
823
01:04:33.310 --> 01:04:36.210
source of revenue for us, source of a way we pay the journalists.
824
01:04:36.750 --> 01:04:41.250
Already, it's hugely useful that way. But I think what you said just now is exactly
825
01:04:41.565 --> 01:04:48.545
the direction in which this needs to go. I think those core values, those core principles of build your own media organization, own your own audience.
826
01:04:49.244 --> 01:04:53.665
Here's a tech platform. Here's a tech stack that allows you to do that in a sustainable way.
827
01:04:54.444 --> 01:04:56.464
That that is a direction in which journalism
828
01:04:57.010 --> 01:04:58.550
will thrive, independent journalism.
829
01:04:59.890 --> 01:05:00.390
And
830
01:05:00.850 --> 01:05:05.030
and and it's just a question of time, I think, before the tools and the value proposition becomes,
831
01:05:06.450 --> 01:05:07.990
obvious and available
832
01:05:08.530 --> 01:05:11.430
to the average independent journalist no matter if they're in Angola
833
01:05:11.955 --> 01:05:14.615
or in or in Cambodia. And we are that community.
834
01:05:14.995 --> 01:05:20.695
We you know, that community of independent journalists globally is the Stringer Foundation. We we nourish,
835
01:05:21.475 --> 01:05:21.975
sustain,
836
01:05:22.355 --> 01:05:32.460
support that community. And as those tools become available, we're here to help them onboard, help them create their own, you know, thriving media organizations, help their own their own audiences,
837
01:05:32.840 --> 01:05:40.095
help them do the kind of reporting and serve society in the way that they want to. It's a broad range of the kinds of journalism that they do.
838
01:05:40.575 --> 01:05:47.715
I do a certain kind of journalism. Other people do more, you know, data journalism or investigative journalism. There's all different kinds, and
839
01:05:48.095 --> 01:05:49.875
we wanna be a broad umbrella that,
840
01:05:50.415 --> 01:05:53.370
is a home for all of them because that home doesn't exist right now.
841
01:05:54.810 --> 01:05:58.270
Yes. I mean, especially investigative journalism. I feel like
842
01:05:58.810 --> 01:05:59.470
we're in
843
01:06:01.210 --> 01:06:02.090
a we're in a,
844
01:06:02.570 --> 01:06:07.125
like, a dry spell of really quality investigative journalism right now.
845
01:06:07.845 --> 01:06:10.825
And who reads this stuff? Like, who's reading, like, you know
846
01:06:11.205 --> 01:06:12.265
you know, detailed
847
01:06:12.645 --> 01:06:15.545
in-depth report? Everybody's, like, asking the chatbot.
848
01:06:16.725 --> 01:06:19.545
Yeah. It's it's it's a it's a bit it's a bit nuts.
849
01:06:20.100 --> 01:06:20.840
Well, historically,
850
01:06:21.220 --> 01:06:23.560
correct me if I'm wrong, but, like, was investigative
851
01:06:23.860 --> 01:06:32.475
journalism it was, like, kind of a lost leader. Right? It was, like, New York Times would fund it just because it would get them the cache of, like, we broke, you know, Watergate or something.
852
01:06:33.275 --> 01:06:35.115
100%. It was always,
853
01:06:35.515 --> 01:06:36.495
you know, cache,
854
01:06:37.075 --> 01:06:37.575
publicity,
855
01:06:38.235 --> 01:06:38.735
prestige.
856
01:06:39.355 --> 01:06:39.675
And,
857
01:06:40.395 --> 01:06:43.615
it's yeah. I'll I I don't know. It's like a lot of professions,
858
01:06:44.795 --> 01:06:47.660
in the world that serve society. It's fundamentally
859
01:06:48.119 --> 01:06:50.220
society has to decide that this is important
860
01:06:50.680 --> 01:06:51.819
and needs to be funded.
861
01:06:53.559 --> 01:06:56.940
It's not it's it's not gonna necessarily generate a profit.
862
01:06:57.480 --> 01:07:01.099
We'll get it done. Thank you, sir, for the work you do. It's important.
863
01:07:02.415 --> 01:07:05.635
I was thinking as you build out the stringer foundation,
864
01:07:06.255 --> 01:07:10.755
I'll keep bringing you on. You know, maybe every six months or a year or something, we'll do updates.
865
01:07:11.215 --> 01:07:14.290
That'd be cool. I'd love to I'd love to show off our,
866
01:07:14.670 --> 01:07:19.570
cohorts of finalists and award winners and, you know, the progress we're making and the cool journalists and,
867
01:07:20.270 --> 01:07:25.490
journalism that we are supporting and sustaining around the world. Awesome. Yeah. Let's plan on that.
868
01:07:26.115 --> 01:07:28.675
Anjan, it's been a pleasure. Do you have any final thoughts,
869
01:07:28.995 --> 01:07:30.695
for the freaks before we wrap?
870
01:07:31.395 --> 01:07:31.875
I,
871
01:07:32.275 --> 01:07:34.295
would say to the freaks that, you know,
872
01:07:35.235 --> 01:07:36.215
recognize that
873
01:07:36.755 --> 01:07:37.255
journalism
874
01:07:37.635 --> 01:07:38.135
and,
875
01:07:38.755 --> 01:07:39.255
Bitcoin,
876
01:07:40.029 --> 01:07:41.009
you know, traditionally
877
01:07:42.190 --> 01:07:43.650
aren't put in the same conversations
878
01:07:44.190 --> 01:07:48.769
often. But I think what you said, Matt, that this is an open sets for independent journalism,
879
01:07:49.150 --> 01:07:50.130
captures that
880
01:07:50.430 --> 01:07:51.250
in one
881
01:07:51.630 --> 01:07:55.275
succinct sort of phrase. And I think there's a long future,
882
01:07:56.775 --> 01:07:59.275
a shared future of collaboration between
883
01:07:59.735 --> 01:08:00.955
the freaks and us,
884
01:08:01.255 --> 01:08:01.995
and journalists.
885
01:08:02.695 --> 01:08:06.240
And I'm excited for this conversation to ignite and nourish that.
886
01:08:07.119 --> 01:08:07.619
Wonderful.
887
01:08:08.720 --> 01:08:09.220
Guys,
888
01:08:10.000 --> 01:08:15.300
the you can find out more about the Stringer Foundation at stringerjournalism.org.
889
01:08:15.600 --> 01:08:17.700
As always, I'll put all the relevant links,
890
01:08:18.560 --> 01:08:19.700
in the show notes.
891
01:08:21.385 --> 01:08:26.525
Huge shout to the freaks who continue to support the show. Thank you, guys. It really means a lot. Easiest
892
01:08:27.225 --> 01:08:29.645
way to interact with both me and,
893
01:08:30.425 --> 01:08:32.045
other freaks is on Nostr.
894
01:08:32.345 --> 01:08:35.790
Once again, I really like the primal app. You can download it in your favorite app store.
895
01:08:36.350 --> 01:08:39.330
But Nasr is an open protocol, so any Nasr app works.
896
01:08:40.270 --> 01:08:41.650
And then fountain podcasts,
897
01:08:42.510 --> 01:08:47.890
is a really easy way to comment and support the show. All relevant links are still dispatch.com.
898
01:08:50.095 --> 01:08:50.835
I think
899
01:08:51.295 --> 01:09:01.635
I will I'm gonna try and do a show next week, but it is Christmas week, so we'll see what happens. If not, there'll be a show the week after that. But if I don't do a show next week, Merry Christmas ahead of time.
900
01:09:02.135 --> 01:09:06.395
I appreciate you all. Anyway, Anjan, thank you, sir. Thank you, Odell.
901
01:09:07.094 --> 01:09:10.555
Glad to be here. Love you, freaks. Stay on the Stack Sats. Peace.