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Elon Musk Wants To Deter X Bots With New Pay Service, Is Dogecoin Involved?

September 19, 2023
in Crypto Updates
Reading Time: 2 mins read
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Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to remove bots from the X (previously Twitter) platform after buying it again in 2022 for $54 billion. With a number of measures already put in place nonetheless not effectively lowering the variety of bots on the platform, Musk has moved on to a brand new technique that includes paying to make use of X. However does Dogecoin match into the cost plans?

Elon Musk Desires X Customers To Pay To Play

In an attention-grabbing flip of occasions, Elon Musk is contemplating placing your complete X web site behind a paywall. The billionaire revealed this whereas speaking with Israeli Prime Minister Benjamin Netanyahu. In keeping with Musk, he’s contemplating this selection as a strategy to cut back the bot exercise on the social media platform.

Musk causes that if all accounts need to pay a charge to entry the platform, it could make it dearer for the dangerous actors who create these bots to maintain up their actions. And hopefully, larger prices of operations would result in a lower in these deploying the bots.

Explaining how the funds would work for every account, the SpaceX CEO stated that X would introduce a “decrease tier of pricing.” On this case, every account would pay a small charge simply to entry the platform, which might be separate from the charge customers already need to pay to entry its X Blue premium service.

He places ahead that provided that these bots value so little to deploy, as little as a fraction of a penny, making every account pay just a few {dollars} to entry the platform would enhance their working value very drastically. Musk additionally appears to be on the finish of his rope with the bot points, telling the Prime Minister that that is “the one approach I can consider to fight huge armies of bots.”

Dogecoin price chart from Tradingview.com (Elon Musk X)

DOGE value struggles at $0.062 | Supply: DOGEUSD on Tradingview.com

Does Dogecoin Match Into This Plan?

Ever since Elon Musk took over the X platform, Dogecoin buyers have waited with bated breaths to see if he would lastly implement DOGE funds on the platform as he has talked about earlier than.

These speculations are additional fueled by the truth that Musk has gone on to implement a good portion of concepts that he had for a social media platform highlighted in his lately launched biography.

Nevertheless, regardless of remaining a staunch supporter of the meme coin, there was nothing from Musk to indicate if Dogecoin funds are coming to X. However provided that DOGE excels at such micro-transactions that might be applied if X turns right into a ‘pay-to-play’ service, it may very well be a great possibility for the platform.

Comply with Finest Owie on Twitter for market insights, updates, and the occasional humorous tweet… Featured picture from Analytics Perception, chart from TradingView.com

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Tags: BotsDeterDogecoinElonInvolvedMuskPayService
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