I think it is time for a pay-social media site. There was one on Kickstarter that I almost funded a couple weeks ago.
Ah! I found it. Here it is: OpenBook
I'd also like to see a pay model that incentivized participation over browsing. A "like/heart" would cost you a single Dingleberry, and and downvote would cost you 10, but a 1,000-word article with original images would award you 10,000 Dingleberries. Or something like that.
Make the base price like $10/month, and you weed out the majority of trolls. Then you incentivize participation, provide up/down rankings, good content moderation tools (flag/edit/delete comments on your content), and an anti-griefing system (like Hubski) that neuters the assholes, and that would be WORTH $10/mo.
Could work... for a while... until r/The_Donald found it.