Mr. Changpeng Zhao, CEO of Binance It advised Elon Musk to fix spam and bots on 𝕏 (Twitter) before removing the blocking feature.
Removing the Block system will increase the number of bots.
Changpeng Zhao said that blocking is the only way to keep bots out of our feed. Therefore, removing the blocking system will cause a lot of problems if the platform doesn’t deal with the bot problem first.
Block is going to be deleted as a “feature”, except for DMs
— Elon Musk (@elonmusk) August 18, 2023
He also mentionsscreenshotwhich depicts multiple ACbots pretending to be him which he has blocked He did not say the exact number. But it’s a very large number.
At the same time, Changpeng Zhao also added that he would like to see 𝕏 add crypto as a payment option to pay for identity verification. and said that the Binance trading board will invest in 𝕏
Of course. So hard to pay with a credit card.
— CZ 🔶 Binance (@cz_binance) August 18, 2023
The bot issue in 𝕏 persists.
Although Twitter changed its name to 𝕏, bots and spamming issues persisted on the platform. Bots have become a huge problem in the crypto community on Twitter, spamming messages to deceive investors with words.
The problem continues despite Elon Musk’s efforts to deal with the problem. This led many to assume that the platform could benefit from the presence of these bots.
We’ve been continuously working to combat spammy &
duplicative content on Twitter at scale and our new Copypasta and Duplicate Content policy clarifies what constitutes a violation along with what happens when it is violated. https://t.co/W9IyKRXFcQ— Safety (@Safety) May 10, 2022
Ahead of Twitter’s acquisition, Musk addressed the bot problem. and attempted to withdraw from the acquisition, citing the high number of bot problems on Twitter.
researchAccording to the latest from the Network Contagion Research Institute (NCRI), Twitter bots are helping to pump prices for several cryptocurrencies. Including coins available in Alameda Research and on the exchange. FTX
NCRI studied more than 3 million tweets related to 18 cryptocurrencies between Jan. 1, 2019, and Jan. 27, 2023, and found that Elon Musk’s mention of altcoins in his tweets led to These assets have increased in value by more than 50%.
The research also found that his tweets prompted online discussion of the coin. This led to an increase in the promotion of crypto coins by bots.
Source: BeinCrypto
2023-08-19 15:14:56
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