Twitter’s $1 fee faces crypto criticism amid rising scam bots
The post Twitter’s $1 fee faces crypto criticism amid rising scam bots appeared on BitcoinEthereumNews.com. Twitter, now rebranded as X, is stepping up its game against scam bots and spam accounts that have been a persistent issue, especially in the crypto community. On Oct. 17, X announced a pilot subscription scheme named “Not A Bot,” which will charge new users a $1 fee for account creation. JUST IN: X (Twitter) to test charging $1 in battle against spam & scam bots — Whale (@WhaleChart) October 18, 2023 The test is currently live in New Zealand and the Philippines and aims to reduce spam and bot activity on the platform. Existing users will not be affected by this change. “This new program aims to defend against bots and spammers who attempt to manipulate the platform and disrupt the experience of other X users,” the firm stated. Crypto community voices doubt The latest move has sparked a debate within the crypto community, which heavily relies on X for news, discussions, and even market sentiment. ZachXBT, a blockchain investigator, noted that many bot accounts have already paid for verified checkmarks, rendering the $1 fee ineffective for those accounts. ChainLinkGod echoed this sentiment, stating that “the bot spam on the platform has gotten significantly worse, and they’re all verified accounts.” CryptoQuant co-founder Ki Young Ju added: “In the crypto industry, $1 paywall is not sufficient, as shitcoin spammers can generate significantly higher profits from their scams.” Spam flags fall short This isn’t the first time that X has been in the spotlight for its struggle against spam and fraudulent activity. White hat hacker ‘banteg’ highlighted that the platform’s current spam reporting system is ineffective, as spam often gets labeled as ‘sensitive content,’ leading to no action against it. Critics also pointed out that the regional charging system is flawed, as many bots and scammers use VPNs to hide their…
The post Twitter’s $1 fee faces crypto criticism amid rising scam bots appeared on BitcoinEthereumNews.com.
Twitter, now rebranded as X, is stepping up its game against scam bots and spam accounts that have been a persistent issue, especially in the crypto community. On Oct. 17, X announced a pilot subscription scheme named “Not A Bot,” which will charge new users a $1 fee for account creation. JUST IN: X (Twitter) to test charging $1 in battle against spam & scam bots — Whale (@WhaleChart) October 18, 2023 The test is currently live in New Zealand and the Philippines and aims to reduce spam and bot activity on the platform. Existing users will not be affected by this change. “This new program aims to defend against bots and spammers who attempt to manipulate the platform and disrupt the experience of other X users,” the firm stated. Crypto community voices doubt The latest move has sparked a debate within the crypto community, which heavily relies on X for news, discussions, and even market sentiment. ZachXBT, a blockchain investigator, noted that many bot accounts have already paid for verified checkmarks, rendering the $1 fee ineffective for those accounts. ChainLinkGod echoed this sentiment, stating that “the bot spam on the platform has gotten significantly worse, and they’re all verified accounts.” CryptoQuant co-founder Ki Young Ju added: “In the crypto industry, $1 paywall is not sufficient, as shitcoin spammers can generate significantly higher profits from their scams.” Spam flags fall short This isn’t the first time that X has been in the spotlight for its struggle against spam and fraudulent activity. White hat hacker ‘banteg’ highlighted that the platform’s current spam reporting system is ineffective, as spam often gets labeled as ‘sensitive content,’ leading to no action against it. Critics also pointed out that the regional charging system is flawed, as many bots and scammers use VPNs to hide their…
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