It is Usenet or a Forum or a Weblog or a Blog or anything Interactive - Virtual life on Internet in the early days regarded IRL In Real Life something as weird as Wired. Reality television is Reality media, and nothing less or more, than a reflection of life itself. Reality Internet or Reality internet may seem something juxtaposed to the virtual world internet once was, paradoxically enough, both of them coincide.
The masses watching - that might be the exhibionistic tendency of the participants - on Reality Internet it is one dimension deeper. All actions are recorded. All actions can be viewed instantaniously from anywhere where access is provided. And it can be viewed over and over anytime thereafter by anyone on anyplace!