How Bitcoin Can Save Publishing

Publishing has evolved drastically over the past two decades, proving to be one of the industries most disrupted by the advent and proliferation of the internet. Ever-lower barriers to entry for new participants have led to more competition for publishers, as well as more noise for consumers. The result has been a broad decline in publishing revenue and a user experience dominated by increasingly invasive advertising. Bitcoin, with it’s unique applicability for micropayments, may eventually be able to conquer this problem. An Old Model Disintegrates Historically, revenue generation for publications was straightforward. Publishers would sell individual copies or subscriptions to …