kaal:claim:3808859-008

The social media coordination function is still largely flawed because the incentive design underlying social proof is suboptimal; decentralized technology solutions can take over that coordination function and improve it.

Because the incentive design for social proof is suboptimal, the social media coordination function is still largely flawed. Decentralized technology solutions, however, can tap into the coordination function that was inaugurated by social media and improve it.

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021), II.4 Social Media, p. 15
https://ssrn.com/abstract=3808859 · source PDF

Wulf A. Kaal, Decentralization – Why We Need Technology Infrastructure Upgrades (2021). SSRN: https://ssrn.com/abstract=3808859

• applies to social proof metrics such as share counts used as quality proxies

failuresupport: arguedfailure: suboptimal social proof incentive designfamily: staking-and-incentive-misalignmentrisk-and-incentivesinstitutional-designdecentralization

• extends kaal:claim:3782198-003 The social media coordination function remains largely flawed and corruptible because the incentive design und...

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