Mark Cuban Suggests How Elon Musk Can Fight Twitter Spam Using Dogecoin
Elon Musk is yet to officially take over Twitter but the billionaire’s bid to purchase the social media platform has been approved by the board. Ahead of Musk officially taking over, he has been publicly posting his plans for Twitter. One of those even before his bid was accepted was that he planned to eliminate all of the spam that plagues the platform. This time around, supporters have revealed a more detailed plan of how this can be achieved and it involves using Dogecoin to eliminate spam.
How Dogecoin Will Help Fight Twitter Spam
A recent Twitter post from a graphics designer at the Dogecoin Foundation has attracted the attention of some of the biggest names in the industry. In the post, the designer put forward multiple suggestions that would help to increase the utility of the DOGE token on the social media platform.
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Now that Musk is going to be in charge of Twitter, there have been numerous suggestions of how this move might be used to aid in the advancement of Dogecoin. One of the suggestions from the designer included using the meme coin to tip users for tweets.
Dogecoin can add much utility to Twitter & its content creators.
• Tipping on Profiles
• +1 DOGE button on every post
• Send DOGE in Messages
• Tipping in Spaces
• Use earned DOGE in AdvertisingThe Currency of Internet #Dogecoin @elonmusk @BillyM2k pic.twitter.com/LUdXRkcnk1
— DogeDesigner (@cb_doge) May 1, 2022
This idea was further amplified by Dogecoin supporter, billionaire Mark Cuban, who suggested that this be taken one step further to help eliminate spam. Cuban’s idea was that not only should DOGE be used as a tipping mechanism but as a way to encourage more spam-free posts. Basically, it requires Dogecoin to be used as a tip for posts on the site.
DOGE price holding up after Twitter news | Source: DOGEUSD on TradingView.com
However, people can contest whether a post is real or spam. The final verdict would be given by a human checker who decides is a post is spam or not. If it is decided to be spam, then the accuser gets the Doge from the accused. If this is not the case, then the accuser will lose their doge to the accuser.
We add an optimistic roll up to Doge Everyone puts up 1 doge for unlimited posts. If anyone contests a post and humans confirm it’s spam, they get the spammer’s Doge. Spammer has to post 100x more Doge If it’s not spam,the contestor loses their Doge. DogeDAO FTW ! 🚀🚀🚀 https://t.co/m6jiDve3AF
— Mark Cuban (@mcuban) May 1, 2022
Dogecoin founder Billy Markus has obviously resonated with this idea as he has tweeted his support of this idea. He replied to Mark Cuban that he liked the suggestion.
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Cuban’s suggestion is not the only one that Markus has tweeted in support of. The Dogecoin Foundation designer’s tweet also got a vote of approval from the Dogecoin creator who explained that he always likes ideas that would bring more utility to the meme coin.
Dogecoin’s price has not been doing badly lately. It had responded positively to the approval of Musk’s Twitter bid and has continued to ride that wave since then. It continues to trade above $0.1 at a current price of $0.129.
Featured image from Technext, chart from TradingView.com
