Tuesday, February 7, 2023

Elon Musk Plans To Crack Down On Crypto Spam On Twitter

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Elon Musk plans to crack down on Crypto spam on Twitter after proposing to buy all of the social media platforms recently as we reproted in our cryptocurrency news.

Elon Musk plans for an attack for changes on the Twitter network if his buyout bid turns out successful. Musk filed paperwork with the SEC to purchase Twitter and talked about what he wants to see a change in the social media platform. SpaceX CEO Elon Musk shook up all the markets when he announced that he wants to acquire Twitter for $54.20 per share or $43 billion. He explained:

“I think it’s important to be an inclusive arena for free speech. Twitter has become the de facto town square, and it’s really important that people have both the reality and perception that they are able to speak freely within the bounds of the law.”

Musk also said that he has plans for the platform like making the Twitter source code open-source to be a subject to the public scrutiny:

“The code should be on GitHub so it can be examined. I just think it’s important to the function of democracy in the United States and other countries. The civilizational risk is decreased if we can increase the trust in Twitter as a public platform.”

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After polling the Twitter users a week ago on whether they wanted to see an edit button launch, Musk said he will not be personally editing his own tweets but the public should know if someone else did. When asked about how this feature will work, Musk said he envisions an amount of time for edits to be possible and that the retweets and responses will reset to remove chances that an edited tweet will appear to have the same reactions as the original tweet. The tech giant who already got into trouble with the SEC called himself a free speech absolutist but did acknowledge that there are certain limitations for a centralized company can allow:

“There are some limits on free speech in the U.S., and Twitter would have to abide by those rules,” he said. “In my view, Twitter should match the country’s laws; there is an obligation to do that. But having no insights into what’s going on behind the scenes can be very dangerous.”

Musk also said that he can afford to buy Twitter and make it private but he wants to retain as many shareholders as possible. He reiterated that he will be buying Twitter for the good of the users and said that he doesn’t care about the economics at all.

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