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Friday, May 3, 2024

The Unlikely Revolutionaries Who Want to Reboot the Internet

Former Twitter chief executive Jack Dorsey is now into cryptocurrency. Bloomberg

The internet hasn’t turned out the way it was supposed to.

In its earliest incarnation, before some Wall Street Journal readers were born and the rest had fewer automatically renewing digital subscriptions, it was supposed to be distributed, user-controlled and, in a word, democratic.

Then came Big Tech and the attendant centralization, windfall profits, culture wars, misinformation campaigns, Congressional hearings, EU rulings, antitrust battles and techno-nationalism that have characterized the past decade.

What if there was another way?

What if, to take but one example, users of social networks collectively owned them, or at least could vote on how they were run and what kind of speech they allowed? And what if similar…

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