So in other words I'd invent Bitcoin or eth and make them first class citizens on the web so we have p2p payments for content, and this would then happen before KYC and AML so everyone would be awash in a sea of digital currency and all world be right with the world.
I'd also pass a law in every country that created a Digital World Heritage Fund, making destroying of digital works and sites deemed heritage a crime or offence. Digital preserve for us and the future. And I'd make sure GeoCities was on the Digital Heritage List.
I'd also make search, and a basic news feed based social network first class citizens part of the infrastructure of the internet, free and available to everyone, and supported in the same manner that the network backbone is supported... Or better... I'm not an expert on that part, someone else can nut out the details of how to support it.
In that parallel universe, Zuckerberg would be expelled from Harvard for spinning off Hot or Not into a porn site called Facebook, and trying to blackmail students with sextapes for favors, and Larry would be CS head of dept at Stanford, while Sergei would lose both arms in a wingsuit accident and become a womanizing paralympian. Eric Schmidt would stay at Novell, and Google.com would be owned by a birdwatcher from Nova Scotia with a side hustle in crank conspiracy theories.
YouTube would be the most popular website in the world, where a cat would have its own channel and become the first animal billionaire, then be elected to the US Senate in Delaware, and then removed in a tax scandal.
2001 would never Pop and the founding team at Pets.com would now be there richest people in the world. Jeff Bezos would see no opening for a books retailer, or anything else, and would eventually find his biological father and take over the family bicycle shop and repair business, and would marry a waitress at the local diner who always remembered his order and always flicked him a smile.
Elon and Peter et al would never start X nor PayPal, but instead would move to LA and write scripts and get into Hollywood. Eventually co-directing DCs answer to the MCU and giving the LaRussos a serious run for their endless money.
Lots of current issues are because it started as a Web of Docs, yet what people wanted was the Web of Apps.
It would also be based on UDP rather than TCP.
There will be no cookies, Local Storage covers it.
Authentication based on public key cryptography.
Search similar to RSS, where each site provides an API feed, not bots scanning content.
And on and on it goes :-)