Vitalik Buterin Is Concerned About Elon Musk’s New Idea

Ethereum

Not everyone is completely happy with Elon Musk’s changes

After the Twitter deal was finalized, Elon Musk almost immediately began actively managing the social media platform. First, he fired more than half of the company’s employees and took full management control by sacking the board. Additionally, Musk is set to implement the new verification system, which has already faced some criticism,

Vitalik Buterin has some serious concerns

According to Musk, the new system will allow anyone to pay $8 per month and “call yourself whatever.” The new system will become a new way of verifying users and fighting bots and spammers on the network. Currently, the blue check is only available to a small percentage of users determined by Twitter itself.

Buterin says, although the new system could become an effective way to combat high numbers of bots on the network, there could be a problem because it would harm BlueCheck’s anti-scam role. However, if there would be an additional verification method, the result would be “very different”.

After providing some criticism, Vitalik defended the new system by saying that there is no problem with charging $8 per month, and it will not create an economic hierarchy since the current blue check system is far more exclusive than even a $20 month payment. However, the Ethereum creator believes that verification should be charged at-cost and separate from other premium services.

As Musk said earlier, the new system will bring more benefits for verified users like priority in answers, mentions and searches, which will be one of the most effective ways to beat spam and scams. “Premium” accounts will have the ability to post one more extra long video and audio.

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