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The Roundtable: It's Time to Decentralize and Open-Source Social Media Platforms

How social media can become a tool to empower regular people again.

"Cancel culture" has become a buzzword of our time, a shorthand for a particular set of political postures and social media strategies. But what attitudes really lie behind the rash of online campaigns against public figures? How is it reshaping our society and public discourse? A panel of commentators joined Roundtable to talk cancel culture, free speech and contemporary taboos. In this segment, they discuss social media platforms, self-censorship, and decentralizing social networks.

Despite being an early adopter of social media, Comm believes that the platforms have become detrimental to the world. "We have reached the point where social media has become a greater net loss for our society and culture than a net gain," he says. "And that makes me sad."

Loftus argues that getting rid of the algorithm could address many of the ongoing issues with social media platforms.

"The algorithm is everything," Loftus says. "If it was just a community bulletin board and there was zero algorithm to it, that would be wonderful. These guys in Silicon valley don't have Facebook. They aren't looking at it cuz they know the addictive quality."

Comm notes that Elon Musk's proposal to make the Twitter algorithm public could be "a great step in the right direction," along with making the platform open-source and integrating cryptocurrency.

"The more decentralization we can have, the more empowering it is for regular people," he says. "This is a problem with our governments and our massive financial institutions. It's why they're all scared of the crypto revolution."

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Watch the full discussion below:

Roundtable Guests:

Joel Comm, Host, The Bad Crypto Podcast

Taylor Ferber, Host, Cancel Me, Baby! Podcast

Michael Loftus, Editor-in-Chief, The Loftus Report