Elon Musk And Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem – Mark Cuban of Shark Tank has devised a solution to Twitter’s spam problem based on the meme cryptocurrency dogecoin. Tesla and SpaceX CEO Elon Musk thinks it’s “not a bad idea.” Twitter recently accepted Musk’s purchase bid.
Tesla’s CEO, Elon Musk, has been tweeting on how to address the platform’s spam bot issue. He has claimed that he will make an effort to resolve the spam issue. Twitter decided to sell the company to Musk for $44 billion last week.
Mark Cuban, an American billionaire entrepreneur, made one recommendation. He is the owner of the NBA franchise Dallas Mavericks and a celebrity on the business reality television show Shark Tank.
In a tweet early Sunday morning, Cuban asked everyone to put up one dogecoin for unlimited tweets on Twitter. The individual who flagged a post as spam receives the spammer’s DOGE if a human certifies it as spam. Spammers, he continued, must post 100 times as much dogecoin. If the message is not spam, the flagger loses his dogecoin.
Cuban’s tweet has been liked over 9K times as of this writing. “I like this,” Dogecoin co-founder Billy Markus stated. “Not a bad concept,” Musk said.
Many Dogecoin supporters agree Cuban’s statement is sound, adding that it is quite bullish for DOGE. Some, on the other hand, are skeptical of its feasibility, questioning the need to start paying for what is currently a free service and forcing users to use meme funds as collateral to prevent spamming.
Elon Musk And Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem – Tesla’s CEO has promised that Twitter will undergo significant adjustments. He described crypto spam bots as the “single most frustrating thing on Twitter.” Prior to Twitter’s approval of his buyout offer, he declared that if his bid for the social media giant is accepted, he will fight spam bots or die trying.
Both Musk and Cuban have expressed interest in dogecoin. Musk is dubbed the “Dogefather”. According to the two in August of last year, Dogecoin is the strongest cryptocurrency for payments. DOGE is accepted as payment for items by Cuban’s NBA franchise, the Dallas Mavericks, and the Shark Tank star has been urging people to get into crypto via Dogecoin.