Mark Zuckerberg Says The Digital World Needs Oversight, Government Regulation As Potential Solution

Mark Zuckerberg, the CEO of Facebook, said that the digital world needs oversight, mentioning government regulation as a potential solution but calling community self-governance “another and perhaps even better way.”

CoinTelegraph: "In a #Facebook post, Zuckerberg calls for digital community #selfgovernance" #news $news #crypto $crypto #cryptonews #cryptocurrency #cryptocurrencynews — Crypto Business (@cryptobusiness1) January 11, 2020

On January 9, Zuckerberg said in a Facebook post:

“One of the big questions for the next decade is: how should we govern the large new digital communities that the internet has enabled.”

However, in a rather lengthy post on his social media site, Zuckerberg detailed his focus for the coming decade, singling out several topics, including digital governance — an area that also pertains to the digital ecosystem found within the crypto space. 

Zuckerberg pointed to social media operations, including Facebook, essentially stating that the ecosystem could not be without compromises in ideals.

He said:

“[L]ike between free expression and safety, or between privacy and law enforcement, or between creating open systems and locking down data and access.”

He added:

“It’s rare that there’s ever a clear ‘right’ answer, and in many cases it’s as important that the decisions are made in a way that feels legitimate to the community. From this perspective, I don’t think private companies should be making so many important decisions that touch on fundamental democratic values.”

However, according to Zuckerberg, regulation may be a potential solution to the dilemma of community governance, as such government guidelines might provide further overall validity than if companies lay down their own rules.

Zuckerberg mentioned a desire for regulatory clarity in several fields, such as elections and privacy.

Thus, he also mentioned community self-governance as another option, listing a project the social media giant is working on in relation to the matter.

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