A private monopoly sounds like a great idea. A profit incentive for access to social media definitely won't result in the price of these tokens skyrocketing to extract as much money as possible.
It doesn't even have to be a private monopoly, it can be a public service.
For example in Quebec, liquor stores are managed by the government, called "Société des alcools du Québec (SAQ)" or legal cannabis is managed by "Société québécoise du cannabis (SQDC)".
I don't see why other restrictions can't follow the same pattern?
Generally these kinds of private monopolies also have public-set prices.
Which is a huge disaster for expensive things (like your power bill), but is much less of one for a token that takes 50 cents of human labour and 0.5 cents of computing to produce.
