If there were community areas that were designed for painting, that would be totally fine by me. A big wall that is painted white, maybe with some ladders nearby if that doesn't violate health and safety rules, and tell people to go nuts. Though you would potentially get a lot of disagreeable content, but I suspect that they would quickly get overwritten anyway
There are many such walls or discreet hidden spots, like tunnels, where the graffiti artists paint for other artists. But painting in wide-open spots where the public can judge is just part of the culture.
Maybe I should have compared graffiti to the release of Gnutella.