Aragon co-founder Louis Quindi told Cointelegraph that the decentralized technology his company has developed can find perfect use cases on social media platforms like Facebook and Twitter.
In recent months, the content editing methods used by global social media platforms have come under fire from people from a wide range of political circles. The people around them, who dress liberally, tend to criticize them for actually imposing proper political censorship, while liberals claim that they are not doing enough to filter out offensive content. By this time, the FBI indicted six individuals yesterday for plotting to kidnap Michigan Gov. Gretchen Whitmer. It became known since then that the defendant orchestrated his actions through a private Facebook group.
Jack Dorsey previously envisioned blockchain technology as an online game-changer, and Twitter would be no different. It is also a strong supporter of decentralized technology in general; Yesterday, his second venture Square announced the purchase of $ 50 million Bitcoin (BTC).
Aragon provides many technologies for DAOs. Some of DeFi’s most well-known projects that use Aragon technology are AAVE, Curve, and mStable. It also provides a framework for a virtual court, where contestants must deposit a portion of the cryptocurrency and then submit to the decision of the members of the decentralized jury.
As with the normal court system, the losing side could go to a higher court (in the case of Aragon with multiple juries) and ultimately move the case to what Quindi calls the “Supreme Court”, where the entire network would get a vote. It should be noted that the Aragon court is still in a beta phase with few major cases settled by the members so far.
Quindi believes that the challenges of moderation that social media platforms face are ideal for Aragon’s technology as it evolves. In his opinion, the polarization around this phenomenon stems from the fact that one party (Twitter) controls the outcome, which is censorship, but if it is left to the public, the result will be more like moderation:
I believe that oversight occurs when the rules are determined by one side, and moderation is when there is agreement on the rules. Other than that, I think if Twitter and Facebook are actually controlled by users in a way that seems fair to everyone, then we can define the rules collectively. Together, we can decide what to do and what not to do, and we can move forward with that. Today this can be achieved, the technology is there. ”
Quindi said he hasn’t made it to Dorsey yet, but he will likely do so in the near future:
“I think it’s too early, but I think it’s a matter of time.”