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"Recently, Twitter has gained more popularity, with fewer restrictions since Elon Musk acquired it. Lately, billionaire and owner of the NBA's Dallas Mavericks, Mark Cuban, proposed a solution on Twitter to address the issue of cryptocurrency scams and spam ads on the platform. This proposal received a positive response from one of the co-founders of Dogecoin (DOGE), making it quite valuable.
The concept suggests the involvement of prominent venture capital firm a16z. Under this proposal, if users want to maintain the right to post unlimited content on Twitter, everyone would need to stake a certain amount of Dogecoin (DOGE). If someone reports a tweet and it is confirmed to be spam, the user reporting the tweet would receive the DOGE staked by the sender of the spam message.
This means that spammers would need to stake a considerable amount of Dogecoin to have the privilege of posting numerous tweets. However, if the reported tweet turns out not to be spam, the person reporting it would lose the staked DOGE. In simple terms, this is a verification system that leverages consumer psychology, using financial loss and incentives to deter spam ads. The tweet was endorsed by one of the co-founders of Dogecoin, who expressed strong support for this concept.
In early March last year, Mark Cuban announced that his Dallas Mavericks team would start accepting Dogecoin as a payment method. Fans could use Dogecoin to purchase Mavericks' tickets and merchandise online, which received enthusiastic support from fans and resulted in the team selling over 20,000 Dogecoins' worth of merchandise in less than three days." |
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Post time 3-11-2023 21:50:12