Europe’s approach to online regulation is under discussion, as there is a growing push for a good digital environment, it is essential to note what is happening. Critics argue that this could lead to over-censorship and restricted free speech. The idea of “no space” for disliked content raises more concerns.
Removing the content that are deemed harmful can lead to subjective judgments also the unintended consequences. Vitalik Buterin argues that this approach can or may create conflict and technocratic authoritarianism. He says that a free society must tolerate some undesirable content to maintain pluralism. Both good and bad is needed for the approach.
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Instead of removing such content, the focus should be on creating an environment where harmful content doesn’t dominate he said in an Tweet. Social media algorithms often amplify those extreme content. In which it also contributes to the problem.
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The goal should be to empower users, not rely solely on experts. By promoting these pluralism and transparency, Europe can reaffirm its commitment to free speech. Requiring algorithms to be published with a delay can promote transparency. Users should have more control over their data and choices. This can foster competition and improve the online environment.
Learning Taiwan’s approach may help to overcome such issues. They are handling things on social media that stand out. They have put in place measures to ensure that platforms are more transparent about what they are doing. And accountable too, so it’s not just all hidden.
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Wormhole’s native token has had a tough time since launch, debuting at $1.66 before dropping significantly despite the general crypto market’s bull cycle. Wormhole, an interoperability protocol facilitating asset transfers between blockchains, announced updated tokenomics to its native Wormhole (W) token, including a token reserve and more yield for stakers. The changes could affect the protocol’s governance, as staked Wormhole tokens allocate voting power to delegates.According to a Wednesday announcement, three main changes are coming to the Wormhole token: a W reserve funded with protocol fees and revenue, a 4% base yield for staking with higher rewards for active ecosystem participants, and a change from bulk unlocks to biweekly unlocks.“The goal of Wormhole Contributors is to significantly expand the asset transfer and messaging volume that Wormhole facilitates over the next 1-2 years,” the protocol said. According to Wormhole, more tokens will be locked as adoption takes place and revenue filters back to the company.Read more