After Cardano (ADA) founder Charles Hoskinson confirmed rumors that he was considering purchasing cryptocurrency and blockchain-focused news portal CoinDesk, his interest was met with some rather harsh criticism, to which he decided to respond.

Indeed, hitting back at a piece written by Protos’s Cas Piancey, titled ‘Opinion: Charles Hoskinson would be the worst thing to happen to CoinDesk,’ Hoskinson explained his intention to overhaul journalism by changing the incentive structure, in a video streamed on January 26.

According to him, the main problem is that there is a lack of depth, peer review, accuracy, accountability, and consequences for lying over political or monetary reasons:

“The dirty secret of journalism is things are written not because they’re true, (…) or they’re trying to give you, the reader, an objective reality. Things are written to make money. That’s what corporate media does (…). Everything about this process of journalism is about money now.”