Elon Musk's $1 Charge for X Users Fails to Stop Crypto Bots
Social app X's plan to charge new users $1 in an effort to reduce spam and bot activity may not effectively deter crypto bots and phishing scams. Previous attempts to charge users have failed to prevent phishing scams by verified accounts on the platform. While the charge may dissuade some bots, market observers suggest that enhancing reporting measures and implementing stringent vetting to deny scam ads would be more effective. Some crypto funds propose using blockchain technology, such as Proof of Personhood and Decentralized Identity (DID) methods, to address the bot problem.