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Elon Musk to Charge New Twitter Users a Fee to Post – But Will It Stop Crypto Bots?

by Drop Gorn
April 16, 2024
in Crypto
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Elon Musk to Charge New Twitter Users a Fee to Post – But Will It Stop Crypto Bots?
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  • Elon Musk plans to charge new users a small fee to post on X (formerly Twitter) in an attempt to curb spam bots
  • Many users are skeptical that a fee will be effective in stopping bots and spam accounts
  • There is a thriving black market for verified accounts on X that scammers exploit

Elon Musk, the new owner of Twitter, has announced plans to start charging new users a fee to post tweets, in an effort to curb the ongoing spam problem from crypto scam bots. However, some are skeptical whether this strategy will be effective.

The Bot Problem

Twitter has struggled for years with bots promoting crypto scams and spam. The problem has escalated under Musk’s ownership, with some estimating over 75% of crypto discussion on Twitter is now spam. The bots are using up available account names and impacting the user experience.

Musk’s Proposed Solution – A Posting Fee

In response, Musk says that charging new users a small fee to post tweets, reply, like, and bookmark is the “only way to curb the relentless onslaught of bots.” He argues CAPTCHA and other bot detection methods are too easily bypassed by today’s AI. Twitter has already tested this approach in the Philippines and New Zealand.

Will It Work?

Many industry experts doubt the posting fee will solve the problem. Scammers already pay thousands for verified accounts to appear legitimate. Most bots are old accounts created years ago. The fee may also limit new user growth. Ultimately, the issue is Twitter’s failure to effectively detect and shut down fake accounts before they can spread.

The path forward remains unclear. While Musk searches for solutions, crypto scammers continue to flood the platform. For now, Twitter users need to remain vigilant in identifying and reporting suspicious accounts.

Tags: cryptoElon MuskNew ZealandPhilippinestwitter
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