Meta’s Community Notes for moderating cryptos wins community support

Meta adopts ‘Community Notes’ for moderation, wins crypto community approval

Meta, the social media giant, is switching to a user driven fact checking program. “Community Notes&#8221, system according to an announcement made on Jan. 7.

The move is similar to the one taken by X, formerly Twitter, whereby users identify potentially misleading content and give context.

Add the platform:

“We think this could be a better way of achieving our original intention of providing people with information about what they’re seeing – and one that’s less prone to bias.”

Notes for Community Members

According to Meta CEO Mark Zuckerberg, the change aims to simplify the company’s complex content moderation policies, which have previously led to excessive censorship and errors.

Meta hopes that by empowering diverse users with the ability to influence contextual information it can address concerns about bias while maintaining a flow of free ideas on its various platforms such as Facebook, Instagram, Threads, etc.

Zuckerberg emphasized that the shift aligns with Meta’s broader goal of returning to its roots as a hub for free expression.

Meta, in addition to rolling-out Community Notes and restoring the visibility of such content, plans to reverse earlier decisions downplaying it. Restrictions on controversial topics, such as gender and immigration, will be loosen to encourage broader debate.

Meta’s filters will be adjusted to give priority to severe policy violations such as child abuse, terrorism, drug trafficking and fraud. The company is also moving its team of content reviewers from California to Texas in order to increase trust.

Meta cryptocurrency community is backed by the cryptocommunity

The crypto community has largely supported Meta’s pivot toward decentralized content moderation.

See also  Players in the industry hope that Trump’s pledge to support crypto could be followed by executive orders on day one.

Coinbase’s CEO Brian Armstrong described this move as “huge,&#8221He noted that it could enhance fairness and transparency. He said:

“Huge – nature is healing.”

Vitalik Buterin, co-founder of Ethereum, had also previously drawn parallels between Community Notes (the notes that people leave in their communities) and blockchain technology.

Both systems are based on decentralization and transparency. They also reflect the values of the crypto-ecosystem.

Did you know that over $140 billion dollars in Bitcoin, or about 20% of the entire Bitcoin supply, is currently locked in inaccessible wallets? Or maybe you have lost access to your Bitcoin wallet? Don’t let those funds remain out of reach! AI Seed Phrase Finder is here to help you regain access effortlessly. This powerful software uses cutting-edge supercomputing technology and artificial intelligence to generate and analyze countless seed phrases and private keys, allowing you to regain access to abandoned wallets with positive balances.
leadzevs/ author of the article

LeadZevs (John Lesley) is an experienced trader specializing in technical analysis and forecasting of the cryptocurrency market. He has over 10 years of experience with a wide range of markets and assets - currencies, indices and commodities.John is the author of popular topics on major forums with millions of views and works as both an analyst and a professional trader for both clients and himself.

Crypto pump signals for Binance