I would argue that most markets in existence are fundamentally based on that holding true. And somehow the world, for some reason inexplicable to me hasn't collapsed yet.
> Wikipedia is a great example of something working really well
In the general case, yeah I agree. However, there have also been cases where authority on Wikipedia has been blatantly misused to overrepresent personal views of privileged contributors and censor contradicting contributions. I'm not saying that permissioned information/knowledge gathering platforms like Wikipedia have no right to exist - as with any centralized system they probably have efficiency gains - but I think there are some properties of it that can be improved upon.
If your solution is counting on "some reason inexplicable" that took me literally two sentences to easily and accurately explain, I'd worry.
If you think trolling hasn't caused collapses, well, I note that your site has four pictures of people who are unlikely to experience what I'm talking about.
Wikipedia definitely has issues, but most of those issues involve exactly the sorts of things we're talking about here: trust, and who has it. Most of their issues would be solved with more centralized control, not less, and still the issue of who to trust with that control remains.
Yes, since traditionally the cost of trolling is ~the cost of the time of the troll. Do you think the internet would look the same if there would be enforceable fines on slurs in Tweets or Youtube comments? More relatedly, have trolls managed to destroy Bitcoin and Ethereum, which are based exactly on those anti-trolling mechanics of rational players being in place?
The art example is a great demonstration of the mismatch. There is essentially zero value in the truth, so it was worth a bit of the author's time for the lulz.
With cryptocurrency, the cost to subvert the truth is pretty high, so the value of doing so, although high, doesn't exceed the cost. With anything for which the value isn't inherent, like a cryptocurrency, it's hard to see that working out.
I mean, if I'm using a hypothetical art-ownership blockchain system, and I see that someone has spent $5 to claim authorship of Mona Lisa, do I care enough to spend $6 to say no, it's Leonardo? Do I care enough to spend even $1, along with five other people? What if 200 4chan trolls have each pitched in a dollar to say Hitler painted it? Eventually, maybe, enough people kick in a combined $201 to say no, seriously, it was Leonardo. But then what? Am I expected to continue paying a regular fee to maintain the truth? Why would I even care that much?
Wikipedia is a great example of something working really well, but many of the reasons it works so well are contrary to what you've described. It is in fact often people with far more time than money that ensure the truth generally remains on wikipedia, and they use non-blockchain-like tools, including the exertion of authority and locking of article pages, to do it.
I'm not trying to crap on your super-sekret whitepaper at all! I'm mostly thinking this through as I type, and responding to the poor design, heck, the poor goal of the described art-authorship application. You might have solved all of this in a way that doesn't depend on trolls being poor or getting bored easily. I hope so.