How does Ilan Mask change Twitter’s digital currency?

Ilan Mask is one of the most popular fans of digital currencies, and now with the purchase of Twitter, many people expect the rules of this social network to be aligned with digital currencies; But how will the digital currency environment of Twitter be affected by the change of laws during the Ilan Mask era?

To Report “TheBlock” On Monday, Ilan Mask finally got what he was waiting for; He now owns Twitter.

The bizarre $ 44 billion deal, the whispers of which began earlier this week, finally ended with the acquisition of one of the largest social media. The recent deal will see Ilan Mask, who previously ran Tesla and SpaceX, take the helm of Twitter. Twitter was founded in 2006, and Ilan Musk, the great American entrepreneur, opened an account on it in mid-2009.

Ever since Musk offered to buy Twitter, many questions have arisen in the public mind about the impact of such a deal on the digital world; But what will be the impact of this event on the digital currency space of this social network? Now that Mask is in charge of Twitter, what changes might be made to Twitter’s digital currency space?

Ilan Musk has previously provided some clues in a press release:

I want to make Twitter better by adding new features, open source algorithms to increase trust, eliminate spammers, and authenticate all users. Twitter has tremendous potential and I look forward to working with this company and its community to achieve this goal.

Ilan Mask against Twitter bots

In mid-April, Musk spoke about his possible approach to Twitter in an interview with TED Talk. During the interview, he spoke about his close encounters with Twitter software bots; An issue that could affect the digital currency space of this social network as well.

He believes that even if you spend a little time on Twitter, you will surely notice a huge flood of persistent responses from spammers that try to draw your attention to the latest digital currency scams on Twitter. The mask itself has been repeatedly targeted by robots for impersonating; A record that has undoubtedly determined his position in this regard.

“Mask has said about this:

To be honest, my top priority is eliminating spam bots, scam ads, and a collection of bots that are active on Twitter. They make this product (Twitter) much worse. If I received a Dodge Quinn for every digital currency scam I saw on Twitter, I would now have 100 billion of these tokens.

It is unknown at this time what he will do after leaving the post. But it is undeniable that the robotic fraud campaigns on Twitter have far-reaching economic consequences for their victims, and now that Mask is in charge of the network, they will be under pressure to change that.

The Impact of Ilan Mask on Twitter Surveillance Rules

Ilan Mask is not the only critic of the Twitter content watchdog approach. In fact, many figures in the field of digital currencies agree with him. Mask, as the new owner of Twitter, is now in a position to change the course of this collection in this section.

However, this problem seems somewhat complicated. Given the possible opposition of the Twitter board and the danger that preventing the publication of violent and immoral content could pose to the social network, Mask is unlikely to want to change the entire system to create an unsupervised environment.

If he keeps his promise to open the site algorithms, a lot of information will be published on how to manage the Twitter website. Public reactions to this issue may influence Mask’s subsequent actions in relation to the social network’s regulatory approach.

The extent to which Mask influences the change in Twitter’s regulatory approach is likely to be more pronounced on “ambiguous” topics such as cultural, political, and social posts. In these matters, there is a fine line between real discourse and destructive posts, and it will be up to Twitter observers to identify them. For example, it is possible that Ilan Mask could reduce the number of ways to suspend or block an account.

It is often the case that there is a noticeable ideological battle on Twitter, with some users reporting dissenting posts as malicious content, and accusations that webmasters prefer one faction over another. .

Also, the power of the mask will make those interested in digital currencies stand by him and probably use this platform more than before. Those who oppose the mask, on the other hand, may leave Twitter’s digital currency space and focus more on platforms like Discord, or spend more resources and time building decentralized Twitter alternatives.