And I bet we'd see a race to the bottom. It is very hard for anyone to understand whole range of implications, let alone unknown the future, and the incentives at the individual level and the collective level are not aligned (as is the case with many public goods).
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Replying to @can @alexstamos
See, that's another underexplored idea. Data collection, minimized to function, with hard-expiry attached. I can imagine a world in which even Facebook does versions of this, remains pretty wealth and with much less of the externalized harms. We are stuck in a narrow space.
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I've argued for many years that broad data collection is fine if retention periods are brief and legally enforced. There's lots of cool stuff you can do with data if people have a credible guarantee that it won't exist beyond 30 days, that you can't do now for privacy reasons
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Impermanence of content is the human condition! People would do better with an online world that behaves more like the real one, which includes non-edietic memory of actions and behavior, as well as a way to have group conversations that are not permanently recorded
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