Tuesday, September 27, 2022
HomeBTCBitcoin Lightning Network holds the potential to clean up Twitter: Michael Saylor

Bitcoin Lightning Network holds the potential to clean up Twitter: Michael Saylor

In a Twitter conversation with Tesla CEO Elon Musk and clinical psychologist Jordan Peterson, Saylor has suggested that the social network should “monetize malice” by providing a paid-for orange checkmark on tweets.

Saylor believes that Bitcoin’s Lightning Network can and should be used to create a security deposit plan for the social network, making it significantly more appealing to the majority of users.

While some users showed support for the concept, a number of cryptocurrency Twitter users raised concerns.

As one user posted, “Wouldn’t cyber criminals be prepared to pay a far higher fee to be confirmed just once, even if they lose their deposit several times with various accounts, simply to broadcast their scam?” Once verified, their scheme will become much more successful…”

One possible disadvantage of any kind of security deposit arrangement is that it may attract malicious actors to flag legitimate posts falsely. False flagging is a well-documented issue on social networking platforms.

Related Posts:
Jeewan Singh
Jeewan Singh is CryptoShrypto’s content writer and a seasoned writer with over two years of experience in writing about Indian Securities Market. Jeewan's participation in Blockchain and Cryptocurrency started in late 2020, and he hasn't looked back since. The technical and economic outcomes of cryptocurrency are what spark his curiosity, and he keeps one eye on the market.
RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

seventeen + fifteen =

- Advertisment -

Most Popular