Facebook is a single system and therefore not subject to moloch. Concretely, yeah the algorithm could start manipulating election results to get more power, but if that happened it would be an ordinary AI alignment failure rather than Moloch.
The bitcoin example seems more like moloch to me, but no more so than (and in same way as) the market economy already is: People who build more infrastructure get more money, etc. We already know that in the long run the market economy leads to terrible outcomes due to Moloch.
Facebook is a single system and therefore not subject to moloch. Concretely, yeah the algorithm could start manipulating election results to get more power, but if that happened it would be an ordinary AI alignment failure rather than Moloch.
The bitcoin example seems more like moloch to me, but no more so than (and in same way as) the market economy already is: People who build more infrastructure get more money, etc. We already know that in the long run the market economy leads to terrible outcomes due to Moloch.