Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem – Altcoins Bitcoin News

Shark Tank star Mark Cuban has give you a strategy to clear up Twitter’s spam downside utilizing the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it’s “not a foul concept.” Twitter just lately accepted Musk’s buyout provide.

Elon Musk Optimistic About Mark Cuban’s Dogecoin Concept

Tesla CEO Elon Musk has been discussing on Twitter methods to clear up the platform’s spam bot downside. He has promised to resolve 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’s a star within the enterprise actuality tv collection Shark Tank and the proprietor of the NBA group Dallas Mavericks.

In a tweet early Sunday morning, Cuban advised 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 individual will get the spammer’s DOGE. He additional defined that spammers need to publish 100 instances extra dogecoin. Nevertheless, if the publish shouldn’t be spam, the flagger loses his dogecoin.

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

Many dogecoin supporters assume that Cuban’s suggestion is a good suggestion, noting that it is extremely bullish for DOGE. Nevertheless, some individuals are skeptical about its viability, with some questioning the requirement to start out paying for what’s at the moment a free service and forcing individuals to make use of the meme cryptocurrency as collateral to forestall 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 “important enhancements” to Twitter. He known as crypto spam bots the “single most annoying downside on Twitter.” Previous to the social media big accepting his buyout provide, he mentioned if his Twitter bid succeeds, he “will defeat the spam bots or die attempting.”

Each Musk and Cuban have been pro-dogecoin. Musk is commonly known as the Dogefather. In August final 12 months, the 2 mentioned that dogecoin is the “strongest” cryptocurrency for funds. Cuban’s NBA group, the Dallas Mavericks, accepts DOGE for merchandise and the Shark Tank star has additionally been encouraging individuals to get into crypto through dogecoin.

Tags on this story

Bitcoin, Crypto, Cryptocurrency, Dogecoin spam downside, Elon Musk, elon musk dogecoin, Elon Musk spam downside, Mark Cuban, mark cuban dogecoin, Shark Tank, Twitter spam, Twitter spam downside

What do you consider Mark Cuban’s concept to make use of dogecoin to battle spam on Twitter? Tell us within the feedback part beneath.

Kevin Helms

A pupil of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source methods, community results and the intersection between economics and cryptography.

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