Elon Musk, Mark Cuban Discuss Using Dogecoin to Solve Twitter Spam Problem

Elon Musk, the CEO of Tesla, has been tweeting on how to deal with the platform’s spam bot problem. He has stated that he will “attempt” to fix the spam problem. Last week, Twitter agreed to sell the firm to Musk for $44 billion. Mark Cuban, an American billionaire entrepreneur, made one recommendation. He is the owner of the NBA franchise Dallas Mavericks and a celebrity on the business reality television show Shark Tank. Cuban urged that everyone put up one dogecoin (DOGE) for unlimited tweets on Twitter in a tweet early Sunday morning. If a human certifies that a post is a spam, the person who flagged it gets the spammer’s DOGE. He went on to say that spammers must post 100 times as much dogecoin. The flagger, however, loses his dogecoin if the message is not spam. At the time of writing, Cuban’s tweet has been liked more than 9K times. Dogecoin co-creator Billy Markus said, “I like this.” Musk replied, “Not a bad idea.” Many advocates of Dogecoin believe Cuban’s suggestion is a smart one, noting that it is quite bullish for DOGE. Some people, however, are suspicious of its viability, questioning the obligation to begin paying for what is presently a free service and compelling consumers to use the meme money as collateral to avoid spamming. Some people raised the issue of unscrupulous users gaming the system for profit. One Twitter user replied to Cuban: “Nah. You didn’t think this through. How do you deal with dishonest a...