Conversation

Still churning on a q from

today: if social feeds have an “economy” (bad bots leveraging e.g. high demand) what’s monetary policy?

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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One way into a fresh perspective: model the extreme of a pure bot "social capital economy" and then treat people as the perturbation