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

Shark Tank star Mark Cuban has provide you with a manner to resolve Twitter’s spam drawback utilizing the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it’s “not a bad idea.” Twitter not too long ago accepted Musk’s buyout provide.

Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea

Tesla CEO Elon Musk has been discussing on Twitter how to resolve the platform’s spam bot drawback. He has promised to resolve the spam drawback “or die trying.” Twitter agreed to promote the company to Musk for about $44 billion final week.

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

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

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

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Many dogecoin supporters suppose that Cuban’s suggestion is a good suggestion, noting that it is rather bullish for DOGE. However, some persons are skeptical about its viability, with some questioning the requirement to begin paying for what’s at the moment a free service and forcing individuals to use the meme cryptocurrency as collateral to stop spamming.

Some individuals raised the problem of unscrupulous customers gaming the system for revenue. One Twitter person replied to Cuban: “Nah. You didn’t think this through. How do you deal with dishonest actors flagging spam that isn’t and humans confirming it is spam just to get the ‘spammers’ dog coin?”

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

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Both Musk and Cuban have been pro-dogecoin. Musk is usually known as the Dogefather. In August final year, the 2 stated that dogecoin is the “strongest” cryptocurrency for funds. Cuban’s NBA workforce, 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.

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

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

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Kevin Helms

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

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