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Elon Musk's Tweet Sparks Concerns Among Crypto Community

20/04/2024 15:33

According to U.Today, Elon Musk, the tech centibillionaire and founder/CEO of several innovative companies, including Twitter/X, recently posted a tweet that has raised concerns among the crypto community and other X users. The tweet caught the attention of crypto influencers, including the CEO of Blockstream and one of the Dogecoin founders. Musk announced that the X team plans to suspend accounts involved in 'engagement farming.' This move is likely linked to Musk's aim to safeguard freedom of speech and prevent the spread of false or misleading information on X. However, many crypto accounts have asked Musk to clarify the term 'engagement farming,' as it could be interpreted in various ways. Dogecoin co-creator Billy Markus offered his interpretation of the term, describing engagement farming as people who 'purposefully lie for clicks repeatedly.' He also suggested that accounts with significant amounts of community notes that are 'purposely misleading' should be banned from participating in the monetization programs on X. Adam Back, Blockstream CEO and a person who corresponded with Satoshi Nakamoto during Bitcoin's development, also responded to Musk's tweet. Back asked Musk if the X team could address the significant issue of scammers impersonating influential Twitter users. In a separate tweet, Musk expressed his intention to fund a national signature campaign to support the First Amendment in the U.S., which protects freedom of speech and the press. This announcement came on the same day Musk commented on a video interview of Katherine Maher, head of National Public Radio, who advocated for censorship regarding the materials that can be published on various platforms. Musk warned that training AI in the same manner could pose a future threat to humanity.

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