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.