Are Token Holders Slaying Moloch?

The author argues that token holders are not slaying Moloch, the god of coordination failure, and that financial collectivism alone cannot solve game-theoretic problems like the tragedy of the commons. The post traces the idea to MolochDAO, launched in early 2018 by Ameen Soleimani et al., which draws on Scott Alexander's "Meditations on Moloch." It cites Facebook's content moderation failures in Myanmar, which it describes as continuing for profit despite the company's knowledge, as an example of misalignment that buying stock does not resolve.