Valerian Bennett: Now Is the Time to Advance the Decentralized Web – CoinDesk

On Jan. 6, 2021 (or what seems like the 739th day of 2020), a riotous mob stormed the United States Capitol. It has been over 200 years since the last storming of the Capitol during the War of 1812. This time, the building remained under occupation for several hours before the insurrection was suppressed. At least five people died.

This event was incited on Twitter, organized on Facebook and magnified on YouTube.

Valerian Bennett is managing director of The Pop Network Foundation, an organization dedicated to furthering the decentralizing the streaming economy as well as limited partner in Amentum Capital.

It will undoubtedly lead to calls for change in social media company policies, government regulations and maybe even court-ordered breakups. The incident is a scathing indictment of a centralized system that allows a handful of social media oligarchs to manufacture and monetize madness at scale. These companies have, effectively, replaced the free and open internet with algorithmic walled gardens built atop the economics of exploitation.

Source: Valerian Bennett: Now Is the Time to Advance the Decentralized Web – CoinDesk