socialism? more like gangsterism.
Anyway, the problem is quite simple. The naive assumption is that financial incentives guide social interactions. In reality, those incentives have been designed to be far too simple and lead to financial success through antisocial behaviour - the opposite of what was intended. Lots of research on algorithms that screw up.
The solution is... nobody knows yet, coz nobody has tried.
This kinda works in defi coz every txn is financial - no pretence of being social - they are maths/money games. Crypto socmedia are also maths/money games except... they are not supposed to be! oh well... where's that drawing board?
And to those who love a good fork... forking a zero-value token is easy - the work comes in paying the money-grabbers of exchanges, having a dev team etc etc.
....there's a difference ?
If you're a lefty - the problem is exquisitely simple - but wont work, because no one's really a socialist, and algorithms destroys the mask of 'the altruist' pretty quickly, reavelaing power ambitions behind the rhetoric.
If you'r a lassez faire extremist (not a banking neocon) - the problem is also quite simple too....but the block chain isn't ready for that solution.....as it would destroy the fundamental 'raison D'tere' of the block chain - in it's current form.
I'm all frenched out now...Sacrebleu !...ok.....NOW... I'm all frenched out...