Wallchain is making waves. Bolsaverse.eth has come up with a new platform to incentivize this type of high-quality deep-dive CT (Crypto Twitter) content. It plans to be a serious challenger to Kaito. That's got everyone buzzing. There's a catch: you need an X Score of 50 to even get in the door.

Let's be real. While the concept of an X Score may seem logical at first glance, the idea is fundamentally flawed. Between the world’s spam, low-effort content, and blatant scams we’re inundated with in crypto, all that noise ties directly back to value. A filter to weed out the riff-raff would be a great first step. Who wants to dig through trash to discover the treasure? Nobody.

Isn’t this just building a digital velvet rope? Are we inadvertently creating a process where ultimately only the already-established, already-connected, already-wealthy voices are the ones that get a seat at that table?

Think about it. What does it take to earn an X Score of 50? It likely involves a combination of factors: follower count, engagement rate, historical content quality, and maybe even a bit of luck. All of these things inherently favor those who've been in the game for a while, those who've already built a following, those who have the resources to dedicate time to creating high-quality content.

Quality Control Or Class Warfare?

What about the newcomer? Or the super creative whiz kid with the out-of-the-box ideas who’s fresh on the scene? Are they all just totally excluded from Wallchain? Or will they continue to scream into the abyss as the incumbents reap all the benefits?

It would be akin to requiring a 900 credit score on a small business loan. That sounds wonderful in theory—let’s just only lend to good risk borrowers! In reality, this method typically leaves out the people that require access to opportunities the most.

It's reminiscent of the old boys' club in traditional finance, isn't it? A self-perpetuating system in which access and opportunity are reserved for a privileged few. We didn’t arrive in crypto to re-erect those walls, only to recreate them with a blockchain flair.

The long-term implications are even more concerning. If Wallchain becomes the place to be for crypto thought leadership, and access is limited by the X Score, what happens to the diversity of opinion? Where do the tough concepts and new viewpoints that spark creative solutions go?

Echo Chambers & Innovation Stifling?

Otherwise, you run the risk of building an echo chamber. Through this self-reinforcing loop, the same voices keep generating momentum and attention, while dissenting opinions are drowned out. We all know what happens in echo chambers: groupthink, stagnation, and ultimately, failure.

As Kaito’s token price dipped, Steem and Hive (decentralized platforms with a more open, welcoming and inclusive ethos) surged. Why? Because people value accessibility and community. They understand that innovation isn’t controlled or mandated but flourishes on diverse perspectives and open participation.

So, what's the alternative? Much as we all might wish for more prerogatives to create quality control standards, we must go under the inclusivity bell. Here are a few ideas:

Better Solutions Exist, Right?

After all, the crypto space has always prided itself on being disruptive, on being the ones who challenge the status quo. Are we really being equitable if we’re creating transportation systems that reinforce the inequities that we have?

  • Community Moderation: Empower the community to identify and flag low-quality content. Think decentralized Reddit-style upvotes and downvotes.
  • Tiered Access: Instead of a hard cutoff at X Score 50, offer tiered access based on contribution. Newcomers could start with limited features and gradually unlock more as they prove their value.
  • Mentorship Programs: Pair established creators with up-and-comers to provide guidance and support.
  • Focus on Impact, Not Just Metrics: Shift the focus from easily gamed metrics like follower count to more meaningful measures of impact, such as the quality of discussions sparked and the originality of ideas presented.

Wallchain could truly be a gamechanger, but only if the project sidesteps the pitfalls of crypto elitism. It's time to ask ourselves: are we building a necessary gate, or just reinforcing a digital class divide? Are we fostering innovation, or stifling it? The answer to these questions will determine whether Wallchain becomes a force for good, or just another example of good intentions gone astray.

The increase in AI token prices (SingularityNET and Fetch.AI) after the Wallchain announcement highlights the growing intersection of AI and crypto. Are we using AI to democratize access to information and opportunity? Or are we letting it serve as a tool to further concentrate power in the hands of a few? The choice is ours.

Consider This: The increase in AI token prices (SingularityNET and Fetch.AI) after the Wallchain announcement highlights the growing intersection of AI and crypto. But are we using AI to democratize access to information and opportunity, or to further concentrate power in the hands of a few? The choice is ours.