That does not guarantee mass representation of user interests. Mostly the interests of those with enough power to influence that corporation, nonprofit, or fed

That does not guarantee mass representation of user interests. Mostly the interests of those with enough power to influence that corporation, nonprofit, or federal company will be represented. Which is what happens today and we are right back where we started. I believe that mass representation of user interests for social media could be achieved through popular usage of distributed platforms and popular developing. To have a popular platform nodes must run the mass accepted protocol/version. Else you just have a fragmented network. The majority could rule in this scenario if we have the right ideological framework to sustain it. What you propose is not a real solution.