Still churning on a q from today: if social feeds have an “economy” (bad bots leveraging e.g. high demand) what’s monetary policy?
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What’s a “stimulus package” look like? Pump a bunch of innocuous content in to satisfy demand but drown out propaganda bots?
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Would be awesome to talk about it more sometime! Here's where I've gotten so far medium.com/@timhwang/keyn
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One idea: market has natural inflation as more users join platform; can modulate that by tuning explore/exploit by user age in algo feeds.
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Interesting! Analogies with counterfeiting and Gresham's Law seem strongest on first blush, but I can see this is one to mull over.
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The counterfeiting analogy is neat—literally “fake” news. Another angle per Tim: Twitter et al “print social capital” when bots use platform
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