Elon Musk recently hinted at an ongoing effort to remove trolls and bot accounts from the X app. This move is seen as crucial in the fight against crypto scams, as it aims to create a safer environment for users.
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Billionaire entrepreneur Elon Musk is taking decisive action against bots and trolls on his social media platform X. He announced plans for a complete system purge to rid the platform of fraudulent accounts that have been used to promote crypto scams.

Elon Musk Initiates Anti-Scam Campaign on X Platform
Elon Musk took to his social media platform X to announce a campaign targeting bots and trolls promoting crypto scams. This initiative has excited the crypto community, raising hopes for a significant reduction in fraudulent activities.
Musk encouraged users to report any legitimate accounts that might get suspended during the system purge. For assistance, users can reach out to @XEng.
System purge of bots & trolls underway.Please reply to me or @XEng if legitimate accounts are suspended.X Corp will be tracing the people responsible and bringing the full force of the law to bear upon them.— Elon Musk (@elonmusk) April 4, 2024

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X users are pleased with the news, expecting fewer fake accounts, which have been a persistent problem.
Crypto scams have long worried the crypto community, with many investors losing money to fraudulent schemes.
A report in December 2023 found that crypto hackers used Google search and X ads to scam over 63,000 victims out of almost $59 million worth of crypto.
Also Read:   Solana Co-Founder Introduces BunkerCoin Whitepaper
In January, Certik, a blockchain security firm, faced a security breach when hackers took over their X account. They then tricked Certik’s followers with phishing messages.

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Elon Musk Takes Firm Stance Against Crypto Scams on X Platform
Elon Musk has taken a strong stance against crypto scams on his social media platform X. Through X Corp, Musk promises to find and prosecute those behind fraudulent activities, using the full extent of the law.
Musk stated, “X Corp will track down and punish those responsible.”
Earlier this year, Ripple CEO Brad Garlinghouse criticized X for not effectively addressing a complex deepfake video scam targeting XRP. However, with Musk at the helm, the crypto community eagerly awaits the outcome of the cleanup, hoping for fewer scams on the platform.
Many crypto enthusiasts and investors see Musk’s efforts to remove bots, often involved in scams, as a crucial step in making the platform safer for users.

Important: Please note that this article is only meant to provide information and should not be taken as legal, tax, investment, financial, or any other type of advice.

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#Bitcoin #Ethereum #Crypto #Elonmusk #Musk $BTC $DOGE

Throughout the fourth quarter of 2023, Tesla, under the leadership of Elon #Musk maintained its #Bitcoin holdings without any changes. According to the company's recent earnings report, released on Wednesday, the value of their Bitcoins (BTC) is around 387 million dollars.
The quarterly report indicates that #Tesla did not make any purchases or sales of Bitcoins from July to September, suggesting a stable stance towards this cryptocurrency. Currently, Tesla owns over 9,720 BTC, ranking it third among public holders of Bitcoins, just behind the software company MicroStrategy (MSTR) and the mining company Marathon (MARA).
Tesla first entered the world of cryptocurrencies in February 2021, when it invested 1.5 billion dollars in Bitcoins, amassing about 43,000 BTC. At the same time, the company announced that it would start accepting Bitcoins as payment for its products.
However, over the course of the year, Tesla gradually began selling its Bitcoin shares. This move was motivated by a desire to increase its cash reserve during the uncertainties associated with the COVID-19 pandemic. In the second quarter of 2022, the company announced the sale of 75% of its Bitcoin assets. This decision reflected a strategy to adapt to changing economic and health condition
$BTC
Notice:
,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

Elon #Musk envisions transforming X (formerly known as Twitter) into a universal application with a wide range of features, among which is an integrated payment processor. Musk has previously hinted that X will be friendly to the cryptocurrency #DOGE .

Licensing in the USA

A key step for X to become a hub for crypto payments in the USA is obtaining the necessary licenses. While the company has already secured several licenses for traditional payments, it is now focusing on cryptocurrencies. Recently, #X obtained a license from Rhode Island, allowing it to conduct transactions with cryptocurrencies.

Twitter Payments LLC licenses

What Does This Mean for X Users?

With this license, X can now store, transfer, and trade cryptocurrencies on behalf of its clients.

 Future Plans of X in Cryptocurrency

Although Elon Musk has acquired a license for crypto payments, it remains uncertain whether X will truly offer cryptocurrency services. While Musk has stated that X will never have its own cryptocurrency, Tesla, another of Musk's ventures, holds a significant amount of bitcoin in its assets.

 Musk's Relationship with Dogecoin

Elon Musk is also renowned for his support of #Dogecoin and #SpaceCatch . Many speculate that due to his influence, Dogecoin might soon be accepted on the X platform, similar to how it was once adopted for Tesla products.

 Notice:

,,The information and views presented in this article are intended solely for educational purposes and should not be taken as investment advice in any situation. The content of these pages should not be regarded as financial, investment, or any other form of advice. We caution that investing in cryptocurrencies can be risky and may lead to financial losses.“

#Binanceturns6 Maverick entrepreneur Elon Musk, known for shaking up industries with memes, is launching a new quest: unfiltered truth in Artificial Intelligence (AI). Musk's latest venture, xAI, is aimed at redefining the AI landscape, prioritizing transparent truth over political correctness in its AI models.

Is this audacious pursuit a noble mission, an effort to create an AI that mimics his mindset, or the catalyst to opening Pandora's box?

The Tesla CEO unpacked his ambitious AI startup in a recent Twitter Spaces conversation last week, promising a company that values the honesty of its AI models over perceived bias. Musk emphasized the need for AI that isn’t afraid to share its "beliefs," even if they venture into "controversial" terrain.

“Do not give the AI usually impossible objectives," he admonished. "Basically, don't force the AI to lie."

This positioning starkly contrasts with other AI companies like OpenAI, which Musk co-founded and which has been repeatedly accused of "dumbing down" its ChatGPT bot to avoid controversial topics and having a left-leaning political bias.

Source: David Rozado / New Zealand Institute of Skills and Technolog

Musk envisions xAI as a robust challenger to AI industry giants like OpenAI and Google.

"Competition in the AI space is valuable to prevent one company from dominating development," Musk said. “Competition makes companies more honest."

xAI's ambition goes beyond the creation of a truth-speaking AI chatbot. Musk pitched a company that seeks to "understand the true nature of the universe," a lofty goal by any standard. He aims to use AI to tackle unresolved scientific questions on topics as diverse as dark matter, dark energy, alien life, and the nature of gravity.

xAI already has access to a rich pool of experts, attracting executives and established researchers from major AI players, including Google and Microsoft and OpenAI.

The goal of a raw, unbiased AI presents the moral question of AI alignment, however, which often requires human oversight to prevent it from causing harm by generating fake output or morally wrong conclusions.

When asked if xAI was his attempt to build a "TruthGPT AI" in response to OpenAI’s ChatGPT and its alleged political bias, Musk said, “I do think there is a significant danger in training AI to be politically correct. Or in other words, training AI basically to not say what it actually thinks is true."

#Elon Musk Predicts 'Catastrophic Outcome' Without AI Regulation

Musk’s vision is compelling but stokes the same debate over the necessity of AI guardrails like those he previously endorsed.

The Tesla chief has been quite vocal about his worries regarding AI developments, recently urging regulation and industry collaboration. However, with AI investment estimated to reach $15.7 trillion by 2030, #Musk is not alone in hoping to capitalize on inflated expectations.

Despite presiding over a variety of controversies, #ElonMusk remains undaunted in charting a new course in AI.

There’s an old adage that goes, "In seeking truth, you have to get both sides of a story." With Musk's xAI, however, it remains to be seen if the AI's "truth" will resonate with our human understanding. After all, one person's truth can be another's propaganda.

While the allure of an uncensored AI is undeniable, we don’t yet know if it will serve as a beacon of enlightenment or if—like Pandora's box—it will unleash a series of unintended consequences.#BinanceTournament

Elon Musk Shapes Twitter, More Surprises Await!

In an unexpected move, Twitter has launched a new feature that allows its Twitter Blue subscribers to hide their blue verification tick, a sign of profile authenticity and prestige. This unique feature, which debuted following a transformative period led by Twitter Chairman Elon Musk, is set to reshape the dynamics of user visibility and reputation on the social media platform.

A New Feature and its Implications

Since its launch in 2009, the blue verification badge has been a crucial tool for identifying public figures, celebrities, brands, news organizations, and politicians. Until #Musk  took over and launched Twitter Blue, users could enjoy the benefits of verification for free.

As part of Twitter Blue's benefits, users have the option to hide their blue checkmark, effectively concealing their verification status on their profiles and posts. While there are limitations to this feature, such as its visibility in certain instances, Twitter is committed to refining the feature over time.

The new feature allows for more freedom and control over how Twitter users present themselves on the platform. However, it has sparked a debate over the potential dilution of the "blue tick's" value, traditionally seen as a mark of authenticity and respect. The Twitter community is still grappling with these changes, and the landscape of public and verified figures on the platform is set to evolve in unprecedented ways.

Logo Changes and the Road Ahead

Meanwhile, another significant change has occurred in the #Twitter's universe. The company recently replaced its iconic bird logo with the letter "X", another move initiated by Musk. Despite the initial shock from users, the change was intended to be temporary, according to the billionaire entrepreneur.

The replacement of the bird emblem signals a potential move away from the traditional Twitter brand. With Musk hinting at future logo changes, it's clear that the social media giant is on a transformative path. This metamorphosis has seemingly paid off, with Musk stating that the site's monthly user base reached new heights following these organizational changes.

Twitter's venture into paid verification and its decision to allow users to hide their blue tick is a bold step into a new era for the platform. This change may lead to a democratization of the 'blue tick', challenging the traditional hierarchy and exclusivity associated with the verification system. On the other hand, it could also potentially dilute the respect and reputation associated with the blue checkmark.

The bird logo's replacement symbolizes the company's willingness to change and adapt, a crucial quality in an industry where stagnation can lead to irrelevance. While these changes may be uncomfortable for some, they're a necessary part of Twitter's growth and evolution.

Ultimately, the success of these changes will depend on how well Twitter navigates the fine line between innovation and the preservation of user trust and satisfaction. Twitter has embarked on a journey of transformation, and the world is watching closely to see what's next.

REXBOX

Billionaire Elon Musk, a Dogecoin supporter, has seemingly been on a journey to eliminate bots from the X (formerly Twitter) platform after acquiring it back in 2022 for $54 billion. With multiple measures already put in place still not efficiently reducing the number of bots on the platform, Musk has moved on to a new strategy that involves paying to use X. But does Dogecoin fit into the payment plans?

Elon Musk Wants X Users To Pay To Play

In an interesting turn of events, Elon Musk is considering putting the entire X site behind a paywall. The billionaire revealed this while talking with Israeli Prime Minister Benjamin Netanyahu. According to Musk, he is considering this option as a way to reduce the bot activity on the social media platform.

Musk reasons that if all accounts have to pay a fee to access the platform, it would make it more expensive for the bad actors who create these bots to keep up their activities. And hopefully, higher costs of operations would lead to a decrease in those deploying the bots.

Explaining how the payments would work for each account, the SpaceX CEO said that X would introduce a “lower tier of pricing.” In this case, each account would pay a small fee just to access the platform, which would be separate from the fee users already have to pay to access its X Blue premium service.

He puts forward that given that these bots cost so little to deploy, as little as a fraction of a penny, making each account pay a few dollars to access the platform would increase their operating cost very drastically. Musk also seems to be at the end of his rope with the bot issues, telling the Prime Minister that this is “the only way I can think of to combat vast armies of bots.”

Does Dogecoin Fit Into This Plan?

Ever since Elon Musk took over the X platform, Dogecoin investors have waited with bated breaths to see if he would finally implement DOGE payments on the platform as he has talked about before.

These speculations are further fueled by the fact that Musk has gone on to implement a significant portion of ideas that he had for a social media platform highlighted in his recently released biography.

However, despite remaining a staunch supporter of the meme coin, there has been nothing from Musk to signify if Dogecoin payments are coming to X. But given that DOGE excels at such micro-transactions that would be implemented if X turns into a ‘pay-to-play’ service, it could be a good option for the platform.

source : https://rexbox.online/rexbox-elon-musk-wants-to-deter-x-bots-with-new-pay-service-is-dogecoin-involved/

#Musk #Bots #Pay #Service #Dogecoin