Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem

Shark Tank star Mark Cuban has provide you with a approach to resolve Twitter’s spam downside utilizing the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it’s “not a nasty thought.” Twitter just lately accepted Musk’s buyout provide.

Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea

Tesla CEO Elon Musk has been discussing on Twitter the right way to resolve the platform’s spam bot downside. He has promised to unravel the spam downside “or die attempting.” Twitter agreed to promote the corporate to Musk for about $44 billion final week.

One suggestion got here from American billionaire entrepreneur Mark Cuban. He is a star within the enterprise actuality tv sequence Shark Tank and the proprietor of the NBA staff Dallas Mavericks.

In a tweet early Sunday morning, Cuban urged that everybody places up one dogecoin (DOGE) for limitless posts on Twitter. If anybody flags a publish as spam and a human confirms that it’s, that particular person will get the spammer’s DOGE. He additional defined that spammers need to publish 100 instances extra dogecoin. However, if the publish is just not spam, the flagger loses his dogecoin.

At the time of writing, Cuban’s tweet has been preferred greater than 9K instances. Dogecoin co-creator Billy Markus stated, “I like this.” Musk replied, “Not a nasty thought.”

Many dogecoin supporters assume that Cuban’s suggestion is a good suggestion, noting that it is vitally bullish for DOGE. However, some individuals are skeptical about its viability, with some questioning the requirement to start out paying for what’s presently a free service and forcing individuals to make use of the meme cryptocurrency as collateral to stop spamming.

Some individuals raised the difficulty of unscrupulous customers gaming the system for revenue. One Twitter consumer replied to Cuban: “Nah. You didn’t assume this by means of. How do you cope with dishonest actors flagging spam that isn’t and people confirming it’s spam simply to get the ‘spammers’ canine coin?”

The Tesla boss has promised to make “significant improvements” to Twitter. He known as crypto spam bots the “single most annoying downside on Twitter.” Prior to the social media large accepting his buyout provide, he said if his Twitter bid succeeds, he “will defeat the spam bots or die attempting.”

Both Musk and Cuban have been pro-dogecoin. Musk is usually known as the Dogefather. In August final 12 months, the 2 stated that dogecoin is the “strongest” cryptocurrency for payments. Cuban’s NBA staff, the Dallas Mavericks, accepts DOGE for merchandise and the Shark Tank star has additionally been encouraging individuals to get into crypto by way of dogecoin.

What do you concentrate on Mark Cuban’s thought to make use of dogecoin to struggle spam on Twitter? Let us know within the feedback part beneath.