Friday, November 15, 2024
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Microstrategy CEO proposes using Bitcoin for elimination of crypto scam bots on Twitter

MicroStrategy’s CEO, Michael Slayor, has joined the conversation in response to Elon Musk’s latest post, proposing the removal of crypto scam bots on Twitter, which Musk is attempting to acquire.

Michael Saylor, a well-known Bitcoin supporter, has suggested that the problem with crypto scam bots (and any other scammers) can be solved by requiring verification of all real human users of the social network.
Saylor recommended creating orange checks that may be purchased with a one-time security deposit—in Satoshis—because there is a limit of 360 blue checks that require disclosure of personal information to the Twitter team, a specific number of followers, and there is sometimes a significant wait.
He feels that this verification check should be granted fast, and that it will aid in the verification of all persons. Furthermore, Twitter will be able to benefit from this as well.

Michael Slayer replied with the following to Elon Musk’s tweet:

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Twitter has already implemented a tipping option in Bitcoin and Ethereum, so if Elon Musk is successful in acquiring Twitter and finds this approach intriguing, BTC payments will not be the first.

Read more: Stripe will test its crypto payment first with Twitter

Kunal Krishan
Kunal Krishan
Kunal is an investment space writer who firmly believes investment is something which should not be a choice but a part of everyone's life.
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