Aragon exec says blockchain may solve Twitter and Facebook‘s moderation issues. Aragon co-founder Luis Cuende said that the decentralized technology his company has been developing could find its perfect use case on social media platforms like Facebook and Twitter.
Previously, Jack Dorsey had previously suggested that blockchain technology would be an Internet game-changer, with Twitter being no exception. He is also a vocal supporter of decentralised technology in general; yesterday, the purchase of Bitcoin (BTC) worth $50 million was announced by his other company, Square.
For decentralised autonomous organisations, or DAOs, Aragon offers a technology stack. AAVE, Curve, and mStable are some of the better-known DeFi projects which use Aragon’s technology. It also offers a basis for a simulated court, in which contestants are expected to stake a certain amount of crypto and then submit to the autonomous jurors’ judgment.
The losing party will appeal to the higher court (in Aragon ‘s case, with more jurors) just as in a normal court system and ultimately take their case to what Cuende calls the “Supreme Court” where the whole network gets to vote. It should be remembered that the Aragon Court is still in beta and only a few simple cases have been resolved so far by the participants.
Cuende believes that the moderation woes experienced by social media platforms present a perfect use case for Aragon’s technology once the tech matures. In his view, the polarization around this phenomenon arises from the fact that one party (Twitter) controls the outcome, which constitutes censorship, whereas if it were left to the community, the results would be more like moderation.
He says “I think censorship is when the rules are defined by one party, moderation is when there’s a consensus on the rules. So otherwise, I think if Twitter and Facebook were actually governed by its users in some way that feels fair to everyone, then 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.”