Bitcoin Forum

Shark Tank star Mark Cuban has come up with a way to solve Twitter’s spam problem using the meme cryptocurrency dogecoin (DOGE). Tesla and Spacex CEO Elon Musk agrees that it is “not a bad idea.” Twitter recently accepted Musk’s buyout offer.

Elon Musk Optimistic About Mark Cuban’s Dogecoin Idea
Tesla CEO Elon Musk has been discussing on Twitter how to solve the platform’s spam bot problem. He has promised to solve the spam problem “or die trying.” Twitter agreed to sell the company to Musk for about $44 billion last week.

Details:
https://news.bitcoin.com/gofrom/most_popular/elon-musk-mark-cuban-discuss-using-dogecoin-to-solve-twitter-spam-problem

What do you think about Mark Cuban’s idea to use dogecoin to fight spam on Twitter?

That's too good to be true. Just make twitter become paid for social. Everything needs to paid some money and the bots will be gone. How can doge coin fight the spam problem> is that means tipping or paying with the doge coin? just feel curious to know that but it seems like this is too far. The problem is if bot is everywhere and so many scammers are using the bot to spread the phishing link.
I think that doge coin was not the best solution for that.

every one tweet for one doge. a decent suggestion, but that would make twitter no longer a free social media. for the doge ecosystem this is indeed a great breakthrough, and there will probably be a lot of demand for this meme coin if mark cuban's suggestion comes true. and bot problems can be solved easily.

I think it's a good solution for twitter's spam bot problem. and doge also get a very big impact if this is realized. I think this is a win-win solution for dogecoin or twitter. but whatever the method is, Musk promises that he will eradicate the bots that have been annoying on the twitter platform. and hopefully he will keep his promise later.

A mere meme coin coming this far is crazy, all thanks goes to Elon musk if not doge coin would still be somewhere between 0.0004$ - 0.003$, I would have been rich right now if not for Freewallet, I lost over 2 million doge coin to Freewallet and the team never helped me in any way to recover my doge coin, anyway I do hope that Shiba inu will come up with a wonderful idea in future too.

yup those were the days when doge is less than a cent. and we just kept betting 5000 per dice roll.  :D now that it has a price it just makes me regret not keeping them on yobit to bet on thier dice game.

crazy as it may be but with two billionaires talking about it, it could become very serious that doge price will soar again. billionaires like them can hire a team to fix everything on twitter with doge.

This is just the beginning, I expect much more from Elon Musk on Dogecoin because he is capable, this man can make anything impossible to be possible, at this point Dogecoin will rise up to top 3 very soon, Elon made the right choice picking Dogecoin out of pool with hundreds of coins.

If Elon Musk agrees with this suggestion, maybe Doge can climb very high. and it is not impossible if we look at the price of doge 1$ when twitter has actually adopted dogecoin. And it's possible that the crypto market will also have an impact like the meme coin hype that Elon Musk brought last year. Let's see what Elon Musk will do to clean Twitter from bots.

That suggestion has not been implemented until now so it still requires some other considerations because I personally also don't think that Twitter will be directly related to coin memes like Dogecoin, because the twitter platform and cryptocurrency are basically not related at all.

I know this that musk was to cook something up with dogecoin and twitter. The spam problem is still not solved but dogecoin is getting ready for the run . We wait for the idea to come through and that will take Elon hype coin up in no distant.

To solve the spam, maybe he will require and mandate KYC. But I'm not sure how Dogecoin will involved on this one.

Most probably, both just wanted to hype Dogecoin again obviously. Elon Musk obviously bought Twitter recently, we all know that. But I'm not sure what Mark Cuban is up to, he used to be hard nose on crypto and If I'm not mistaken, is against it like years ago.

It's a good idea anyway, so he can get his money back and one of the specific uses for Dogecoin. Perhaps Elon's madness has been helping Dogecoin a lot. Although I don't know how to express it, I still feel that one day he will be the one to turn his back on this market in many ways and as a result, they still earn more than what is good for society.

I see 0 chance that something like this will come. I mean i can only talk for myself but if i had to pay something for every tweet that i would stop using twitter immediately. That being said i don't really give a crap about twitter and i only have an account there because sometimes it is needed in order to take part in an airdrop or even in a token sale or stuff like that, but i definitely don't use it to share stuff about my personal life because no one wants to see that. I am not sure how all those influencers would react to a change like that. In the end 1 Dogecoin is worth 0,13 USD at the moment so if you are tweeting a lot if will cost you a little bit of money.

Getting rid of bots for a better thing for Twitter I think it's a decent thing for Elon Musk to do because the twitter platform is a social media that is very widely used by everyone now so it's only natural that Elon Musk planned this for the better and this I thought very detached from Dogecoin.

No doubt if so many doge coin supporters are trying to create various speculation about this. This news was also triggering so many people who hodl doge coin to think if there will be something big to come soon. i don't know what will come but it seems an integration between doge and twitter come soon. just like using the doge coin as a verification tool for the company or users to verify their twitter account or something else like paying some doge coins fees to be able to tweet. im sure that if it will become a big thing to come soon.

I have never seen a method where coins is used to fight bug and eliminate bot on any platform, all I see about this post is a way of bringing out his idea of monetizing Twitter and making back the money he spent in a shot period of time.

This is how they decided to artificially increase the demand for DOGE and speculate on the spam theme to make their users buy the coin. If this stupid decision is implemented, there will be a mass exodus of users. Who needs a paid social network where you have to pay for posting, anyway. I understand when the user gets paid for posting, but when it's the other way around, it's not worth it.

Immediately there will be someone who wants to poach dissatisfied users to his social network with similar characteristics to Twitter. Let Mark and Ilon communicate with themselves on their Twitter with such conditions.

Finding an alternate to Twitter seems to be better for all the common people. Because twitter is going to be the social networking platform for the elite who prefer to pay premium and not for the common people. Initially they need to make a plan through which dogecoin can be brought it and for that reason it is discussed about the Spam problem.

Make sense. I also consider musk's decision by taking a margin loan to acquire the twitter company. he needs more profit to be able to cover all of this loan and in my opinion, if the implementation of monetizing in Twitter can become the best decision to prevent the bots. Twitter will force anyone to pay for that. The bot will not be able to do like tweeting or something like this caused by it was not even paying to did it.
So the most effective ways for the short term but we didn't know whether it can sustain for long term or not

I'm still confused about how to use doge to solve spam problems on twitter, whether later every twitter user must have doge to use twitter or they have to pay for twitter usage with doge?

That is not the proposal, the proposal of Cuban is that every person puts one dogecoin as a collateral and with that you can keep posting any amount of tweets as you may like, however if someone marks your post as spam and a human reviewer agrees then you lose your dogecoin and the reporter gets the dogecoin, and from then on the spammer has to increase 100 times his dogecoin collateral to post again, it is not explained but I suppose this will happen each time you are caught, so very quickly the amount of dogecoin needed to pay to spam will be too high, however as long as you can create an unlimited number of accounts in twitter something like this will have a limited effect.

Pay for registration or using a social media service is stupid idea so Shark tank or anyone called advisor won't appreciate that and also Elon Musk knows that people will not pay to social media they simply move to another one, probably they can add blue tick for everyone for a fee make sense.

If the solution to implement the pay for anything and i do believe this may become the end for twitter. It seems elon is still thinking about which was the best way to deal with the bots. Think about doge coin was about the alternative idea but what will be the usefulness of doge coin other than becoming pay to use Twitter? i see no reason to use doge coin other than it.
I think that's the potential idea that will be implemented into Twitter but let's see how it will be going on soon.

Yeah, I agree with you. If and only if that the intention is to use doge coin as a way of becoming the payment in exchange to the usage of Twitter, I don’t think people would still use it. There are tons of other social media applications, which are very free to use, that they would most likely switch on to. But, on the other side, I think Elon Musk must have thought about this possibility as well. I hope they come up with better idea, especially with the integration of doge coin.

Speculation drives prices in cryptocurrency and irrespective of whether Mark Cuban's idea is implemented or not, it will always have a positive effect on the price of Dogecoin unless Twitter publicly rejected the idea.

I think the idea of using Dogecoin is not bad but the question is, Is Dogecoin the best. We'll have to consider the blockchain security, speed, and the cost of transactions. If there are better coins suited for the task out there, then I'll suggest twitter should go for that coin.

On the surface it sounds like a nice solution and I guess all Dogecoin holders will be very happy BUT remember that you will also anger a lot of people who have always seen social media as free to use.

This could result in a lot of Twitter uses leaving (like me) and not coming back especially if you now have to use crypto other than Bitcoin just for the price of access.

So this means that in able for user to flag spam post, He needs to have a Dogecoin balance since there’s a penalty for reporting wrong spam post. This is a good idea in general to avoid spam but this will twitter more stricter since it’s hard to define what’s spam or not on a social media post. Even Elon is trolling and spamming twitter and other influencers that has sense of humor. But let’s see how this idea will proceed and I’m very happy to become spam reporter for this reward system.

Would like to know what will be the solution that being discussed by elon and mark. This is making so many shit coin supporters being so crazy. Too many speculations happened. The price of doge coin quite stable even when these rumour is starting to appear. If you are aware if the fact that this time people are also talking about so many things related with the twitter.
Some people are even feeling doubt if twitter will become even bigger soon. People are feeling skeptism about that.

Well let's see what will comes next on the roadmap of Elon musk well he is the most powerful influencer for crypto now, He can do anything with Twitter, Payments can be done through Doge, Path for Doge to the moon has been streamlined by Elon, well Maybe they Will bring their Meta for Twitter, and Made a govern token for this twitter meta, Doge and shiba are also the product of Elon ( I mean Famed by Elon). Well I think we should hold Shiba and Doge for better profits who knows Which partnership comes next, Airdrops are already in hype right now. Elon Also say to buy Coca Cola, which mean Cold Drinks could also by bought for Crypto, well for now we can but it already but the payment system is not that streamline Fees are high.

What do I think?  Well I think they have managed to find a way to create additional utility for dogecoin which has confirmed what I have read before concerning Elon Musk intention for buying twitter.
If they feel this will be good for the growth of dogecoin and at the same time reduce the level of spam on twitter, they will do what it takes to make it so.
They are at liberty to do as they see fir.

I’m also wondering what’s the use of DOGE here, or this is just another hype in connection with Elon? Well, there’s indeed a lot of spam on twitter but asking for a money just to get you in twitter is not a good idea because this is a free platform, and most probably people will switch to other platform if Twitter started to ask for a fee. Well, Elon must think for a better solution on how to regulate the spammer and the fake news as well, Twitter will become more big if Elon is able to do this.

there was talk of making Twitter a social network with freedom of expression ... but how much freedom does it take away from paying it? then use a PoW coin and all the related problems, are we sure that this is the solution for social media or is this the real use of dogecoin? ::)
I just find yet another news to pump up the price of dogecoin, or Just another speculation about Twitter ;)

The idea of requiring people to pay to post will help eliminate bots but will reduce the number of posts. The correct solution is the use the internet computer to host Twitter, which would allow people to tip without paying gas fees and would feature a digital id, which will eliminate bots and hacks.

It would basically be something like "pay if you want to keep spamming" type of deal, and everyone would have to pay doge to make sure that they keep it going. Considering how little twitter users know about doge, and how it would require even non-doge people to get some in order to pay that upfront to have unlimited account, that would make some people leave, or just dislike the place all together.

Twitter could punish people for spamming without paying anything upfront, and only ask doge to continue if they think it is not a spam, but in that case people will just start new accounts to spam and not pay anything which would be making the prevention system futile.

Is Elon the new owner of DOGE as well? I wonder why I keep seeing a post like this where DOGE are being connected to Elon which I think is just a pure hype. If ever Elon really wants to use DOGE on twitter services, then that is a good thing but for sure DOGE will become more volatile and you can't expect everyone to win with DOGE since many will be trap again because of this over hype. Twitter problem can't be solve by DOGE, they should solve this internally.

I’m guessing elon just gonna impose a stricter verification for its platform because so far I think that’s the most effective way out there.

making twitter platform that requires fee for retweeting, verification, etc just gonna make twitter suffer heavy backlash from losing so many of its users, even if it solves the mess caused by the bots,
I think just requiring simple verification that’s also free like using captcha are the one way to go because its just simple, anyone already used to it and also not gonna incur heavy user loses.

They should find another free way to mitigate the spamming problem. Because if they will implement this, for sure, a lot of twitter users will not use this social media channel anymore. They need to weigh their pros and cons here because if they will lose large part of its users, then, what would be the future of twitter?

Pretty much sure if this will not become good news for anyone twitter. So the only way to prevent the bot is to implement the payment to access mechanism. The same thing as when someone was accessing BTT from evil IP and this guy need to pay some bitcoin to make its IP will not be marked as evil IP. So this is the only way to prevent the bot but a very big impact on the twitter will come soon. Im sure that so many people have not yet ready for this. They are known twitter as a free social media platform but once this turn out to be pay-to-use and a disaster for twitter itself.

Remember this is only a suggestion. there is no official talk about this yet. after all it seems quite difficult to implement. First doge and twitter are not connected to each other, and this suggestion will only create new problems. without users, twitter will lose their revenue. and this suggestion will potentially lower their user level. so I don't think they will heed this suggestion.

I am 100% sure many people wouldn't like to share their personal information to social media owner. Did you remember when that happened in Facebook when Mark Zuckerberg uses the data of the Facebook users? I am still unsure how they will use Dogecoin to solve the spamming problem in the Twitter. They will ask users to pay using Dogecoin?

People will surely complain if they will require KYC because most people want privacy and don't want to share their personal information. The worse scenario would be people might switch to another platform if that happens. I guess it would be better if they would fix it without giving their users a responsibility.