However, the idea of"veracity bonds" has caused concern among journalists and industry experts who view it as a potentially dangerous and detrimental approach to the practice of journalism.
Furthermore, he suggested turning articles into non-fungible tokens , an idea that might have little practical utility. The question remains, can Hoskinson afford CoinDesk? The outlet says that Hoskinson's personal net worth is estimated to be around $500-600 million, which means that he would struggle to acquire Coindesk.
Despite this, some industry insiders speculate that Hoskinson may seek the help of outside investors, similar to how Elon Musk sought the help of Larry Ellison, the Saudi royals, and Binance chief Changpeng Zhao to acquireHowever, many within the journalism and crypto communities believe that CoinDesk shouldn't be acquired by such a controversial individual since he might not be actually committed to upholding the outlet's journalistic integrity.