RATE Group | How Boost uses Bitcoin SV to reduce fake news
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How Boost uses Bitcoin SV to reduce fake news

How Boost uses Bitcoin SV to reduce fake news

We all agree that fake news is a problem. However, there is no consensus on how to solve the problem. Some suggest a verified identity system for the internet; others hope for stricter regulation and harsher penalties. 

Bitcoin service provider Matterpool recently introduced “Boost POW” to reduce fake news by a completely different approach.

Why a verified identity model or tougher penalties for fake news might not work

A verified identity system for the internet sounds easier to implement than it is. People can still post or share fake news even with verified identities that do not allow for anonymous or pseudonymous activity on the internet. The main hassle with fake news is not anonymity or pseudonymity, as there are millions already sharing fake news with their true identity revealed. 

Who is to verify worldwide identities anyways? We do not live on a planet governed by one central authority. We face different jurisdictions, plenty of governments, not even the internet…

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