Are billionaires destroying social media? Butling, founder of Ethereum, commented

Vitalik Buterin reviews the grassroots era of Web 1.0, comparing its demonetization, user-driven philosophy with the toxicity of today's algorithm-driven social media. He blames the current problem on capital optimization pressures and content designed to cater to popular tastes, noting that the interweaving of anti-capitalist and elitist elements has shaped the evolution of the Internet.