This is worth bearing in mind in crypto, too. The aim shouldn’t be to solve all the world’s ills. Far too often blockchain projects are looking to disrupt and replace what already exists. It’s not out of the question to think this cockiness can have a negative backlash, feeding the general skepticism around blockchain and people’s anger when things inevitably go wrong — much like how social media fact checking has spurred distrust and the general collapse of the faith in institutions. Hopefully, open, permissionless crypto networks are already built for a world filled with many opinions — but perhaps they should be built for a world with many options, too.
- Vitalik Buterin Has Thoughts on Social Media Fact Checking
Written by Bankerage Published on August 18, 2023