Would decentralized governance protects social media platforms from polarizing its users with its politics?
The Co-founder of Aragon, Luis Cuende, told that his company's decentralized technology could discover its excellent use case on social media platforms like FB and Twitter.
Recently, people over the political spectrum have criticized content moderation practices through global social media platforms. Libertarian-leaning constituencies blame them for instituting politically correct censorship while the liberals contend that they are not making enough to filter hateful content. To this point, yesterday, the FBI charged six individuals with a plan to kidnap the governor of Michigan, Gretchen Whitmer. It has since been stated that the accused supposedly coordinated their activities via a private FB group.
Jack Dorsey has shown previously that blockchain technology will be a game-changer for the Internet, with Twitter being no exception. He is also a vocal advocate of decentralized technology in general; recently, his other venture, Square, declared the purchase of $50 million worth of BTC.
Aragon gives a technology stack for decentralized autonomous regulations or DAOs.
Some well-known DeFi projects that use Aragon's technology are Curve, AAVE, and mStable. It also provides a virtual court framework wherever contestants have to stake some crypto amount and then submit to the decentralized jurors' decision.
Exactly like with a regular court system, the failing party can appeal to the higher court and ultimately take their case to what Cuende dubs the "Supreme Court," where the whole network gets to vote. It should be remarked that Aragon Court is yet in beta, and members have only settled some basic cases thus far.
Cuende understands that the moderation woes experienced by social media platforms give an excellent use case for Aragon's technology once the tech develops. In his opinion, the polarization around this phenomenon occurs because one party (Twitter) controls the outcome, which creates censorship. In contrast, if it were left to the community, the effects would be more like moderation:
"I think censorship is when the rules are defined by one party, moderation is when there's a consensus on the rules. Otherwise, if its users governed twitter and Facebook somehow that feels fair to everyone, we could collectively decide on the rules. We could collectively decide on what to do and what not, and we could push that forward. And that can be implemented today; the technology is there."
Cuende stated that he has not reached out to Dorsey yet, but will likely do it soon:
"I think it's kind of like maybe too early for that, but I think it's a matter of time."
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