The difference between regulation and decentralisation

I see a bunch of people shilling Steem at Elizabeth Warren. Please understand that Steem is the opposite of what Mrs. Warren suggests, even though the problem may be similar.

The problem

Corporations have too much power, Facebook & co are abusing their monopoly. They breach your privacy, censor content as they please, and offer a platform to miscreants to manipulate the userbase's emotions and thoughts.

Steem's "solution"

Double down on Facebook, except now give all power to the wealthy individuals and corporations, instead of one entity. Give up on privacy completely, make it public, don't bother moderating hate speech or other illegal activities. The difference is now you have to be rich to be a miscreant.

The anti-trust solution

Government regulation breaks up Facebook and other monopolies abusing their power into separate different companies. This is what Mrs. Warren has proposed thus far, though there'll be more details to come. Her policies are built around the concept of accountable capitalism, i.e. capitalism with regulation. Steem is the exact opposite, Steem is capitalism with ZERO accountability. This is a pretty good article to catch up on her stance on crypto and why she won't be interested in Steem.

The regulation solution

In an damning report by a UK committee, it is recommended that social media may be a public utility that needs to be regulated by the government. To be clear, social networks will remain private and capitalist, but there'll be stringent government oversight to ensure these networks maintain privacy rights, eliminate hate speech and illegal content, and do not abuse their monopoly.

Shill your favourite coins by all means, but please don't do so mindlessly, it makes the network look bad. DYOR.

PS: Countries have laws against hate speech, harmful content and privacy abuse. So while you may believe in unmoderated, censorless "free speech", please respect the laws of the lands.