Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem by using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agree that this is not a bad idea. Twitter recently accepted Musk’s buyout offer.
Elon Musk optimistic about Mark Cuban’s Dogecoin idea
Tesla CEO Elon Musk has discussed on Twitter how to solve the platform̵[ads1]7;s spambot problem. He has promised to solve the spam problem “or die while trying.” Twitter agreed to sell the company to Musk for around $ 44 billion last week.
A proposal came from US billionaire entrepreneur Mark Cuban. He is a star in the business reality TV series Shark Tank and the owner of the NBA team Dallas Mavericks.
In a tweet early Sunday morning, Cuban suggested that everyone post one dogecoin (DOGE) for unlimited posts on Twitter. If someone flags a post as spam and a human confirms that it is, that person gets the spammer’s DOGE. He further explained that spammers have to post 100 times more dogecoin. But if the post is not spam, the flagger loses his dogecoin.
At the time of writing, Cuban’s tweet has been liked more than 9K times. Dogecoin co-creator Billy Markus said, “I like this.” Musk replied, “Not a bad idea.”
Many dogecoin supporters think that Cuban’s proposal is a good idea, and note that it is very bullish for DOGE. However, some people are skeptical of its viability, and some question the demand to start paying for what is currently a free service, forcing people to use the meme cryptocurrency as security to prevent spamming.
Some raised the issue of unscrupulous users playing the system for profit. A Twitter user replied to the Cuban: “Neh. You did not think through this. How do you deal with dishonest actors who flag spam that is not, and people who confirm that it is spam just to get the “spammers'” dog coins? “
The Tesla boss has promised to make “significant improvements” on Twitter. He called crypto-garbage robots the “most annoying problem on Twitter.” Before the social media giant accepted his buyout offer, he said that if his Twitter bid succeeds, “he will defeat the spambots or die trying.”
Both Musk and Cuban have been pro-dogecoin. Musk is often called the Dogefather. In August last year, the two said that dogecoin is the “strongest” cryptocurrency for payments. Cuban’s NBA team, the Dallas Mavericks, accepts DOGE for goods, and the Shark Tank star has also encouraged people to enter crypto via dogecoin.
What do you think of Mark Cuban’s idea of using dogecoin to fight spam on Twitter? Let us know in the comments section below.
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