Fun

Musk to charge new X users to post, but some say it won’t stop the bots

News Feed - 2024-04-16 12:04:28

Martin Young5 hours agoMusk to charge new X users to post, but some say it won’t stop the botsSocial media platform X has long had a crypto spam problem, so will a fee to post be enough to stop them? Users are skeptical.2739 Total views7 Total sharesListen to article 0:00NewsOwn this piece of crypto historyCollect this article as NFTJoin us on social networksBillionaire tech entrepreneur Elon Musk is planning to charge new users to tweet in an attempt to curb an ongoing spam problem on his microblogging platform X, though not everyone is convinced this will stem the tide of crypto-scam-touting bots.


X owner Musk said, “Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots,” on April 15 in reply to a post by the X Daily News account regarding the testing of a spam reduction policy.


The announcement stated that X might be expanding its policy to charge new users to use basic functions such as posting, replying, liking or bookmarking a post.


Musk said tools such as CAPTCHA can already be bypassed by current AI and “troll farms” with “ease.”Source:Elon Musk


Musk has been battling the bots ever since he took over Twitter in a $44-billion deal that was completed in October 2022.


He said the onslaught of fake accounts “also uses up the available namespace, so many good handles are taken as a result.”


A similar policy was already implemented in New Zealand and the Philippines on a trial basis in October. The “Not A Bot” subscription method for new users in those two countries required a $1 payment to access additional features.


“This won’t stop bots completely, but it will be 1000X harder to manipulate the platform,” said Musk at the time.


Many, however, argue that the new potential charges won’t prevent the onslaught of bots.


Blockchain sleuth ZachXBT was among many who didn’t agree with the method, stating:“There are hundreds of business verified scam accounts every week which scammers pay thousands of dollars for.”


He used a screenshot of a dubious verified Wormhole X account that was posting spurious links for an airdrop.


“There is an entire black market for these accounts,” he said before adding that it will also “kill new user growth.”


Meta Mint team member Roxo said, “The issue has nothing to do with new accounts being made its that X staff are completely useless at terminating fake accounts” before adding that the majority of bots and scam accounts were created years ago.


Related:Elon Musk offers users free premium features on X, crypto scammers included


In late March, Musk said that accounts with 2,500 verified subscribers as followers would no longer need to pay for “Premium” features. However, the ability to purchase verification status on the platform may have opened the doors for scammers, reported Cointelegraph.


Earlier this month, X announced it was starting a “significant, proactive initiative to eliminate accounts that violate our rules against platform manipulation and spam.”


Magazine:‘SEAL 911’ team of white hats formed to fight crypto hacks in real time# Twitter# Business# Spam# Bot# Social Media# Elon MuskAdd reaction

News Feed

First VR developer integrates with OpenAI, setting stage for no-code VR development
Zoltan Vardai10 hours agoFirst VR developer integrates with OpenAI, setting stage for no-code VR developmentVictoria VR’s new AI builder platform enables users to create virtual reality experiences and entire metaverse
Jesse Coghlan3 hours agoSingapore central bank releases regulatory framework for stablecoinsThe framework outlines requirements for stablecoin issuers to meet to be deemed as regulated by the Monetary Authority of Singap
Solana Meme Economy: The Culture That Drives Billions In Volume – Here’s How
Reason to trust Strict editorial policy that focuses on accuracy, relevance, and impartiality Created by industry experts and meticulously reviewed The highest standards in reporting and pu
Bradley Allgood4 hours agoCBDCs could support a more stable economy — if banks run the showCentral bank digital currencies could confer economic benefits if governments don’t use them to cannibalize the commercial ba
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Hit Fresh 1-Month Highs, as Bullish Pressure Intensifies
Bitcoin, Ethereum Technical Analysis: BTC, ETH Both Hit Fresh 1-Month Highs, as Bullish Pressure Intensifies Bitcoin prices surged on hump day, as the token climbed towards the $24
Bermuda Starts Development of a Blockchain-Based National ID System
The initial phase of Bermuda’s national blockchain-based electronic identification program is setting sail, one of very few such initiatives anywhere. A digital ID solution f
Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say
Lawsuit Against Ripple May Decide the Fate of XRP but Regulators Have the Final Say A prolonged legal battle, which may hold the key to XRP’s future, has been extended agai
Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing
Ranked Wall Street Analyst, Founder of altFINS, Democratizes Crypto Investing sponsored The Fair token launch gives its community an equal opportunity to participate in lieu of easy
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets
BIS Asks Central Banks to Urgently Develop CBDCs to Compete With Crypto Assets The head of the Bank of International Settlements (BIS) Innovation Hub, Benoît Cœuré,
National Bank of Ukraine Unveils E-hryvnia Concept
National Bank of Ukraine Unveils E-hryvnia Concept The central bank of Ukraine has presented to interested parties a draft concept of the nation’s future digital currency, the e-
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report
US and South Korea to Share Data on Crypto Cases, Including LUNA and UST Meltdown: Report The U.S. and South Korean governments have reportedly agreed to share data on ongoing cryp
Michigan pension fund discloses $6.6M investment in Bitcoin ETFs
Turner Wright4 hours agoMichigan pension fund discloses $6.6M investment in Bitcoin ETFsIn an SEC filing, the state"s pension fund disclosed holding 110,000 shares of the ARK 21Shares Bitcoin ETF as of June 30.772 Total