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Reasonably interesting video and I agree with much of the commentary and most of the sentiment. I'd like to make two points, one by way of observation and one by way of criticism.
First the observation; Whilst I agree with John McCrea with regards to the utility of twitter et. al. I've found that my opinion has shifted from the non-early adopter position of 'huge waste of time' to 'there's a utility and a method by which the utility may be highlighted'. More dissemination by practical example will lead to the shift in opinion/greater adoption of twitter and other like tools.
My criticism lies with the point which I think John made initially but that both you and Joseph agreed with, namely that you don't read conventional news sources because if something is important it will register with the community of people you are linked with and will come to your attention. This may work for many people but someone somewhere is still going to have to tap into the original source of information to get it out to the community. There still is a need for 'conventional' news sources to employ people able to dig up and synthesise the information into a relevant, interesting and informative form able to be shared with the community. A subsidiary point is whether you, John and Joseph are willing to outsource your critical faculties (at least to some extent) to those in your community rather than making a judgment about a piece of information yourselves.