I am not sure if fake people are a real problem for social media. Real Names ends up being pretty lame, people are more open and interesting when using a pseudonym. To me, it's clear that you understand the value because you are using a pseudonym here! White Lotus the App doesn't have a face, but it can still use social media productively.

What is annoying on social media are bots, reposts, commercial spam, etc. To me, it would make sense to go after undesirable content rather than undesirable accounts.