The internet is still "embryonic," the Revolution Populi creators argue, and is poised to undergo massive changes from regulation or competition.
Gelernter and Rosenthal think competition, not regulation, is the best way to combat tech monopolies.
Revolution Populi would allow users to own their personal data and sell it to advertisers using “smart contracts.”
Gelernter and Rosenthal want Revolution Populi to run on blockchain technology, both because of the security it promises and because it allows for decentralization rather than a network hosted on centralized servers.
That democratic approach would also apply to rules for content moderation on the site, which Gelernter believes wouldn’t face the same tensions that Facebook and Twitter are currently grappling with.
They hope Revolution Populi will inspire countless other smaller social networks to crop up in the coming years, which collectively will pose a threat to tech giants.
Revolution Populi is still in its early stages, but might become a reality in 2020.