The Future, Now and Then β’ 615 implied HN points β’ 20 Feb 26
- The Polymarket integration turns parts of the platform into a gambling venue and creates incentives for writers to promote outcomes that could profit them, opening the door to conflicts of interest and market manipulation.
- Substackβs VC-driven business model pushes gimmicks and risky partnerships over improving the core product, which fuels a slide toward worse content moderation and the amplification of toxic or extremist voices.
- Many writers will look to migrate to alternatives like Ghost, Beehiiv, or Buttondown, but moving means losing Substack discovery, paying higher hosting fees, and likely asking readers to help fund the newsletter.