{"id":12601,"date":"2024-04-16T11:34:53","date_gmt":"2024-04-16T08:34:53","guid":{"rendered":"https:\/\/forklog.com\/en\/elon-musk-proposes-fees-on-x-to-combat-bots\/"},"modified":"2024-04-16T11:34:53","modified_gmt":"2024-04-16T08:34:53","slug":"elon-musk-proposes-fees-on-x-to-combat-bots","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/elon-musk-proposes-fees-on-x-to-combat-bots\/","title":{"rendered":"Elon Musk Proposes Fees on X to Combat Bots"},"content":{"rendered":"<p>New users of the social network X may soon face fees for posting as a measure to counter fake accounts. This proposal was put forward by the platform&#8217;s owner, Elon Musk.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots. <\/p>\n<p>Current AI (and troll farms) can pass \u201care you a bot\u201d with ease.<\/p>\n<p>\u2014 Elon Musk (@elonmusk) <a href=\"https:\/\/twitter.com\/elonmusk\/status\/1779930065469383166?ref_src=twsrc%5Etfw\">April 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cUnfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots. Current AI (and troll farms) can pass [security system] Are You Bot with ease,\u201d the billionaire wrote.\u00a0<\/p>\n<\/blockquote>\n<p>In October 2023, the social network began testing account creation for $1 for residents of New Zealand and the Philippines. Musk plans to extend this practice to all other users.\u00a0<\/p>\n<p>On-chain investigator ZachXBT expressed skepticism about the results of such an initiative.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">Not sure I agree this will bring the results you think it will. There are hundreds of business verified scam accounts every week which scammers pay thousands of dollars for. <a href=\"https:\/\/t.co\/C7GMj0Zavq\">pic.twitter.com\/C7GMj0Zavq<\/a><\/p>\n<p>\u2014 ZachXBT (@zachxbt) <a href=\"https:\/\/twitter.com\/zachxbt\/status\/1779938301031358670?ref_src=twsrc%5Etfw\">April 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cEvery week, hundreds of verified scam accounts appear, for which scammers pay thousands of dollars,\u201d he noted.<\/p>\n<\/blockquote>\n<p>According to him, there is a whole black market where criminals can obtain a verified account with a \u201ccheckmark.\u201d\u00a0<\/p>\n<p>A user under the pseudonym Ansem noted that Musk \u201cvastly underestimates\u201d the number of X users who fall victim to scams daily.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\">\n<p lang=\"en\" dir=\"ltr\">you vastly underestimate how many of your users are scammed on a daily basis on this platform which is why you think this small fee is an actual hurdle<\/p>\n<p>these scammers are printing infinite daily they do not give af about paying pennies to make 5 figs+<\/p>\n<p>\u2014 Ansem ??\ufe0f (@blknoiz06) <a href=\"https:\/\/twitter.com\/blknoiz06\/status\/1779945929425973483?ref_src=twsrc%5Etfw\">April 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cYou guys need a few more employees who are active and experienced users of this site. They will tell you what actually makes sense to implement, as [your ideas] are on the verge of incompetence,\u201d added the community member.\u00a0<\/p>\n<\/blockquote>\n<p>DeFi analyst Ignas suggested that Musk simply wants to make money rather than solve the problem.\u00a0<\/p>\n<blockquote class=\"twitter-tweet\" data-conversation=\"none\">\n<p lang=\"en\" dir=\"ltr\">You are speaking sense but <a href=\"https:\/\/twitter.com\/elonmusk?ref_src=twsrc%5Etfw\">@elonmusk<\/a> probably just wants to cash the cow and not really solve the problem.<\/p>\n<p>More subscriptions -> more revenue. And bots generate a lot of sub fees for him.<\/p>\n<p>\u2014 Ignas | DeFi Research (@DefiIgnas) <a href=\"https:\/\/twitter.com\/DefiIgnas\/status\/1779950925840355838?ref_src=twsrc%5Etfw\">April 15, 2024<\/a><\/p><\/blockquote>\n<p> <script async src=\"https:\/\/platform.twitter.com\/widgets.js\" charset=\"utf-8\"><\/script><\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p>\u201cMore subscriptions \u2014 more revenue. And bots generate a lot of additional fees,\u201d he explained.\u00a0<\/p>\n<\/blockquote>\n<p>Previously, the owner of X had already announced plans to make the platform paid for all users. According to him, the social network plans to charge a small monthly fee.<\/p>\n<p>Earlier, Musk&#8217;s previous initiative to rid X of bots through an $8 monthly subscription did not yield significant results. Research by dappGambl showed that about 10% of followers of popular cryptocurrency accounts are still fake.\u00a0<\/p>\n","protected":false},"excerpt":{"rendered":"<p>New users of the social network X may soon face fees for posting as a measure to counter fake accounts. This proposal was put forward by the platform&#8217;s owner, Elon Musk.\u00a0 Unfortunately, a small fee for new user write access is the only way to curb the relentless onslaught of bots. Current AI (and troll [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":12600,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1217,40],"class_list":["post-12601","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-elon-musk","tag-twitter"],"aioseo_notices":[],"amp_enabled":true,"views":"10","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12601","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=12601"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/12601\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/12600"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=12601"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=12601"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=12601"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}