Elon Musk To Implement Crypto Technology In Twitter After Acquisition?
If Elon Musk does not change his mind or certain conditions are met, then the acquisition of Twitter is set to proceed, raising the question of whether he will actually implement any or all of the changes he initially hinted at.
Elon Musk’s Vision on Twitter
According to BitInfoCharts, the platform receives approximately 120,000 tweets per day about #Bitcoin alone, which is a popular communication and news tool for crypto enthusiasts, users, and investors.
As Musk discussed when he first proposed a Twitter buyout, it may provide some insight into what the company could look like in the future.
There have been numerous considerations, including free speech, eliminating spam bots, fake accounts, allowing for editing and possibly even enabling crypto payments.
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Meanwhile, Musk said in April at TED that if Twitter was purchased, his “top priority” would be the removal of spam and scam bots.
“A top priority I would have is eliminating the spam and scam bots and the bot armies that are on Twitter,” he said.
“They make the product much worse. If I had a Dogecoin for every crypto scam I saw, we’d have 100 billion Dogecoin,” he added.
His proposal is to overthrow spam bots by “authenticating all humans,” and he even said “we’ll defeat them or die trying!”.
How Will Crypto Technology Look On Twitter?
In addition, Musk has considered making Twitter’s algorithm public, even holding a poll that attracted over one million votes and had 82% of respondents saying “Yes.”
While Musk’s intentions are not entirely clear, it could mean opening up the software to public inspection and allowing users to read the code, use it for their own applications, and suggest changes.
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Several other ideas have fizzled out or have already been implemented. For example, Musk was interested in implementing blockchain technology and charging 0.1 Dogecoin (DOGE) per tweet or retweet.
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