Elon Musk is planning to charge new users $1 to tweet on the X platform. This is a new effort to combat phishing and scam bots on the platform. He intends to charge new platform members $1 annually to be able to tweet.
Although it may seem like a good tactic to deter bots and numerous scams, especially in the crypto Twitter space, it might not have the desired effect. Even accounts with the Blue sticker or gold sticker continue to face an army of bots and scams that aim to drain users' wallets.
Today, posting a tweet on the X platform without receiving bot comments is nearly impossible. To make matters worse, some of these bots are verified accounts paying $8 monthly, while others have gold stickers, which costs $1000 monthly. All of them share the same goal: to steal from unsuspecting users.
(An example of a bot promotion and possible scam)
While Elon Musk's option is viable, it may not prove to be effective. It is essential for Elon and his team to plan an approach more focused on blockchain technology to identify users and distinguish them from bots. There are various methods available to verify whether users are real individuals or simply bots.
Elon has the resources to invest in these verification methods, and it remains to be seen if he is determined to do so for the benefit of his users and the platform itself. After all, no one wants to stay on a platform where they could lose their assets at any moment due to phishing and other malicious tactics used by thieves.
(Some forms of decentralized identification that could help curb bots and phishing scams)
Remember, always DYOR!
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