For the local on pc part yes, if you have a decent pc. That is why they want to forbid open source weights models.

For the crowdsourced part not really. You need fast communication between your nodes for this to work, and fast here means really fast. To the point where ram to gpu on the same machine is not fast enough, so network is out of the question here.

Inb4 random people drawing a dickbutt a month on some random piece of paper to qualify as “artist” and get free money from the government.

All these good sounding programs sound great in theory, until you find out that the lobbist controlling their actual enactment will make it a lot easier for CEOs to request the funds than actual homeless artists