There are ways for social media platforms to improve the quality of information people receive, such as eliminating bot accounts and requiring users to verify their identity. The business model of social media platforms, which is driven towards clicks, has blurred the line of integrity for sources of information.
The speaker discusses the benefits of distributed curation in a low friction environment like the internet and how it differs from the current centralized curation by platforms like Twitter. He also talks about the rise of blogs in early Web 2.0 and how they were curated through a decentralized process.
The future of social media is about creator and user ownership, shifting away from monolithic networks that control everything, to a more sovereign tech approach that allows creators and users to own their identity, content, social, and following.
The hosts discuss Twitter's recent announcement that they plan to introduce subscription services similar to OnlyFans, and how this move could lead to a significant increase in the company's market cap. They also touch on Twitter's lack of innovation and the possibility of CEO Jack Dorsey being replaced.
This podcast episode delves into the personal struggles of being a pundit on social media, as exemplified by one individual who faced harassment and stalking. The episode highlights how social media can be harmful to individuals in the public eye.
The battle for the future is between unfettered conversations and established media who wants to be the inter-agent of conversations because that's where they get their power, this is a battle where the internet would play a crucial role, and in the long run, unfettered conversations have the chance to win.