I’ve written before about the crisis in journalism and how it equates to a crisis for democracy. And the crisis in journalism is less about the quality of reporting and more about unfavorable economics. Business models have been eroded. New institutions are needed. Today, I began the process of participating in Civil , a platform with the lofty goal of “building the new economy for journalism.” Civil is building a community of experienced and well-credentialed journalists and technologists to build a new institution that supports trustworthy and economically viable journalism. At it’s core is, wait for it, a blockchain token. I’m convinced that the vast majority of blockchain tokens are, at best, part of a fad that will fade away, and, at worst, scams. I have a more optimistic view of Civil, however. For one thing, it’s leadership team is strong enough to make me believe it’s not a scam. And the tokens themselves are core to both the funding of ...