On Sunday, American entrepreneur Marc Andreessen published a screenshot of the items seems to become a Twitter user impersonating his name to advertise a “free crypto” giveaway. “What formula might catch this kind of content?” requested Andreessen. That Tesla’s Chief executive officer Elon Musk responded, “humans,” sparking attorney at law regarding how to best curate our prime quantity of cryptocurrency scams and junk e-mail ads around the platform.
But, it had been millionaire investor Mark Cuban who then recommended an extremely unconventional solution. As relayed through Cuban, the issue could be solved beginning with adding an “Positive Rollup,” or layer-2 solution, to Dogecoin (DOGE).
To publish on Twitter with an limitless basis, everybody will have to set up one DOGE ($.13 per gold coin during the time of writing) as collateral. Then, if anybody contests a publish and humans confirm that it’s junk e-mail, individuals who flagged the publish would receive and share the spammer’s DOGE. Consequently, spammers would then have to set up 100 DOGE as collateral for the best to produce further posts. If, however, the publish ends up not to be junk e-mail, the contesters would lose their DOGE.
Quite simply, it’s a conjecture system that produces financial effects, although minor, to discourage spamming. Though, users were quick to point out the possibility that scammers might be well-funded and may simply “out-contest” posts marked as junk e-mail in this pay-to-win system. Nonetheless, Shibetoshi Nakamoto, creator of Dogecoin, recognized this type of system:
i love it
i love it a great deal
— Shibetoshi Nakamoto (@BillyM2k) May 1, 2022
A week ago, Elon Musk tendered his offer to buy Twitter for $44 billion. As relayed through Musk, certainly one of his top priorities for that platform includes decreasing the amount of cryptocurrency scam tweets.