Elon Musk slams Twitter NFTs as BS, says there are extra urgent points

Elon Musk slams Twitter NFTs as BS, says there are extra urgent points


  • Elon Musk has slammed the brand new Twitter characteristic that enables for NFT avatars as BS, saying the corporate ought to spend assets on extra urgent wants.
  • Musk known as Twitter out for not cracking down on crypto scammers who use the platform to pose as celebrities and fleece unsuspecting victims. 

Twitter has been grabbing the headlines of late for rolling out a characteristic that enables for the usage of NFTs as profile pictures, albeit for choose iOS customers at present. Nevertheless, in keeping with the world’s richest man, it is a waste of valuable assets. Elon Musk slammed Twitter for its deal with trivia as customers proceed to face extra urgent and larger challenges.

The Twitter NFT characteristic permits customers to hyperlink their public pockets addresses, which maintain their NFTs, to their profiles. Solely out there to customers of Twitter Blue (the $3-a-month model of Twitter), this characteristic then shows the NFT because the profile picture, and even syncs with the pockets to make sure that if the NFT is bought, it displays on the profile.

As CNF reported, one of many world’s largest soccer stars is already utilizing this characteristic. Neymar Jr., the Brazilian celebrity who performs for French giants PSG, spent $1 million to buy two Bored Ape Yacht Membership NFTs, considered one of which he used as his Twitter Blue profile picture.

Whereas it is a massive step for NFTs, Musk believes the assets may have been used to handle precise points that plague Twitter customers.

The Tesla and SpaceX CEO added:

Twitter is spending engineering assets on this bs whereas crypto scammers are throwing a spambot block celebration in each thread!?

The publish by Musk received plenty of consideration, as they normally do, from the cryptocurrency ecosystem and past. Michael Saylor, the Bitcoin bull who heads Microstrategy, mentioned that he believes the spam subject is one which Bitcoin is suited to resolve.

The way in which to do that is thru integrating Bitcoin into Twitter, and charging folks a predetermined variety of satoshis to get verified, he says.

Twitter can remedy the issue of scammers & spambots if they permit actual people to publish ~50,000 sats ($20) through Lightning. Excessive voltage signal& get verified w/an Orange Verify. Then we are able to restrict feedback/DMs to verified accounts. Unhealthy actors forfeit their safety deposit & Twitter monetizes malice.

Saylor went on to state that Bitcoin can be utilized “to create cybersecurity deposits connected to actual accounts on the key social media platforms, giving everybody the flexibility to get verified in minutes for just a few {dollars}.”

Musk’s tweet additionally received the eye of Twitter builders who pledged to do extra to cease bots and scammers. Bruce Falck, the social media firm’s common supervisor for income product mentioned that the developer staff is wanting into the difficulty.

“Allocation of engineering assets towards an important points is one thing we take severely,” he said.

 



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