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