Elon Musk Slams Twitter’s New NFT Verification Feature
‘Dogefather’, CEO of Tesla and SpaceX, Elon Musk, has slammed Twitter for its latest move integrating non-fungible tokens (NFTs) on the platform for profile verification.
In a Tweet, Musk is calling the innovation “annoying,” saying that Twitter is wasting engineering resources “on this bs while crypto scammers are throwing a spambot block party in every thread.”
Twitter is spending engineering resources on this bs while crypto scammers are throwing a spambot block party in every thread!?
— Elon Musk (@elonmusk) January 21, 2022
https://platform.twitter.com/widgets.js
Musk immediately got a back up from Bitcoin bull Michael Saylor who provided a solution for Musk’s concern by using the Bitcoin Lightning Network.
Twitter can solve the problem of scammers & spambots if they allow real humans to post ~50,000 sats ($20) via Lightning
& get verified w/an Orange Check. Then we can limit comments/DMs to verified accounts. Bad actors forfeit their security deposit & @Twitter monetizes malice.
— Michael Saylor
(@saylor) January 21, 2022
https://platform.twitter.com/widgets.js
Musk’s harsh word did nevertheless lead to criticism from the cryptocurrency community with users recalling that Tesla is accepting dogecoin (DOGE) for merchandise while still snubbing Bitcoin after it suspended the top cryptocurrency for payments last year.
you literally tasked teams of engineers at tesla on accepting payments with dog money
— suzuha (@dystopiabreaker) January 21, 2022
https://platform.twitter.com/widgets.js
Twitter Blue Labs, the social media platform’s premium subscription model, announced last week that users can now link their Ethereum wallets to their Twitter accounts to verify their NFTs as profile pictures.
The post Elon Musk Slams Twitter’s New NFT Verification Feature appeared first on iGaming.org.
Source: igaming
