MEXCElon Musk Finally Has A Plan to Destroy Twitter Bots
Elon Musk’s takeover of Twitter has ushered in a new era for the social media site.
Twitter bots have been at the centre of controversy during Musk’s first attempt to back out of the acquisition deal. Despite having previously stated that he wanted to buy the company to address its bot problem, Musk moved to terminate the agreement less than three months after signing the agreement. He cited claims that Twitter had overstated the number of bots on its platform.
But days after completing the $44 billion buyout of the microblogging site, Elon Musk revealed that the blue-tick verification on Twitter, will cost users $8 per month as he looks to create an income stream. Paywall bypass, priority in answers, mentions, and searches, as well as the option to publish lengthy audio and video, are all included with the $8 monthly fee.
Elon’s War on Twitter Bots
However, his major victory lies in the promise of getting rid of bots & spammers from Twitter. Because according to Musk, this new verification system will completely obliterate them. And if any “paid blue account” engages in spam, that account would be blacklisted from the social media platform right away.
Yes, this will destroy the bots. If a paid Blue account engages in spam/scam, that account will be suspended.
Essentially, this raises the cost of crime on Twitter by several orders of magnitude.
— Elon Musk (@elonmusk) November 1, 2022
New Reward System for Content Creators
Elon Musk also confirmed that creators would now be able to monetize their content on Twitter. When asked about the creator’s payment, Musk responded by stating it is “Absolutely essential. Creators need to make a living!”
This in turn has raised speculation of DOGE being accepted as the preferred crypto payment due to Musk’s fondness for the project. He hinted of that by sharing an image of a Shiba Inu dog wearing the Twitter T-shirt in a recent tweet.
— Elon Musk (@elonmusk) November 1, 2022
- Bitget’s Institutional Volume Hits $23.1 Billion as UEX Framework Gains Global Momentum
- Breaking: Grayscale Joins Bitwise, Launches Solana ETF Covering Spot and Staking Features
- FOMC Meeting Today: Where to Watch and Key Expectations for Crypto Market
- Changpeng ‘CZ’ Zhao Confirms Defamation Lawsuit Plans Against Sen Elizabeth Warren
- Pi Coin Gains Another 15% As Pi Network Joins ISO 20022 For Seamless Banking Integration
- Bitcoin Price Rally Bound? How the Fed’s Move May Unleash Crypto
- Can ASTER Price Rebound 50% as Whale Activity and Bullish Pattern Align?
- Pi Network Patterns Point to More Gains Despite Manipulation Claims
- HBAR Price Poised to Hit $0.30 as Canary Capital ETF Starts Trading.
- Will Solana Price Rally to $300 as Bitwise Launches $BSOL ETF?
- XRP Price Chart Patterns Hint at 2017-Style Breakout as Evernorth Acquires $1B XRP Ahead of Nasdaq Debut
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more…to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
