The only way to dampen the toxic impact of social media’s radical vocal minority on the real world is to create tools that help decision makers easily contrast what they are seeing there with overall sentiment in the real world. In this case, 74% of Americans agree with the views that got this speech canceled. Had administrators been able to instantly see this fact when they saw all the angry tweets, perhaps they would have realized that the uproar they were seeing online was incongruous with the views of people in the real world.
I wrote and run a DeFi arbitrage bot for a living. There are hundreds of thousands of “pair” contracts to trade given coins through. The prices in different pairs for the same coin can vary wildly, as pairs only see their own balances, and can thus only make pricing decisions based on the rules and information within their own little silo. Arbitrage bots like mine make a profit by quickly balancing coin ratios among all pairs, which ultimately lowers the risk that a retail trader will pay an outlandish price for a given coin from a given pair.
We need the equivalent of arbitrage bots that can help balance the views of radicals on social media with those in the real world. They have tried this with fact checking, but unfortunately that, too, has been weaponized by biased actors. There has to be a better way that is provably unbiased.
I wrote and run a DeFi arbitrage bot for a living. There are hundreds of thousands of “pair” contracts to trade given coins through. The prices in different pairs for the same coin can vary wildly, as pairs only see their own balances, and can thus only make pricing decisions based on the rules and information within their own little silo. Arbitrage bots like mine make a profit by quickly balancing coin ratios among all pairs, which ultimately lowers the risk that a retail trader will pay an outlandish price for a given coin from a given pair.
We need the equivalent of arbitrage bots that can help balance the views of radicals on social media with those in the real world. They have tried this with fact checking, but unfortunately that, too, has been weaponized by biased actors. There has to be a better way that is provably unbiased.