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Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’

Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’Tesla and Spacex CEO Elon Musk has joined Twitter’s board of directors and promised to “make significant improvements” to the social media platform. Some changes he is considering include adding an edit button and solving the crypto spam bot problem, which he sees as the “single most annoying problem on Twitter.” Elon Musk Joins Twitter’s […]

Elon Musk Promises to Make ‘Significant Improvements’ to Twitter — Calls Crypto Spam Bots ‘Single Most Annoying Problem’

Tesla and Spacex CEO Elon Musk has joined Twitter’s board of directors and promised to “make significant improvements” to the social media platform. Some changes he is considering include adding an edit button and solving the crypto spam bot problem, which he sees as the “single most annoying problem on Twitter.”

Elon Musk Joins Twitter’s Board of Directors

After disclosing Monday that he has taken a 9.2% stake in Twitter Inc., Tesla and Spacex CEO Elon Musk has joined Twitter’s board of directors, according to the social media giant’s filing with the U.S. Securities and Exchange Commission (SEC). Musk is now Twitter’s largest shareholder.

Twitter CEO Parag Agrawal tweeted welcoming Musk to his company’s board. The Tesla boss replied: “Looking forward to working with Parag & Twitter board to make significant improvements to Twitter in coming months!”

Elon Musk Promises to Make 'Significant Improvements' to Twitter — Calls Crypto Spam Bots 'Single Most Annoying Problem'

Former Twitter CEO Jack Dorsey tweeted: “I’m really happy Elon is joining the Twitter board! He cares deeply about our world and Twitter’s role in it. Parag and Elon both lead with their hearts, and they will be an incredible team.”

Musk Promises to Make Major Improvements to Twitter

Following Musk’s Twitter investment, many people flooded the Tesla CEO’s tweets with their ideas on how to improve Twitter.

Some suggestions concern crypto spam bots. “Elon, you need to do something about these crypto spam bots,” one person wrote. “They’re getting really annoying. Improving the verification system to prove that you’re an actual *real* human would help with this.” Musk concurred, emphasizing that in his opinion, this is the “single most annoying problem on Twitter.”

Elon Musk Promises to Make 'Significant Improvements' to Twitter — Calls Crypto Spam Bots 'Single Most Annoying Problem'

This was not the first time Musk has voiced concerns about the crypto spam bot problem. Crypto spam posts frequently appear on Musk’s tweet threads, and many of them promote crypto giveaway scams. Scammers often capitalize on Musk’s popularity, featuring him and his companies giving away bitcoin and other cryptocurrencies.

Musk tweeted on Feb. 1, 2020: “The crypto scam level on Twitter is reaching new levels. This is not cool.” His statement was made in response to a comment that “Even verified accounts are now being hacked and pushing fake bitcoin scams.”

Dogecoin co-founder Billy Marcus estimated on March 25:

I think crypto spam bots make up 40% of Twitter.

Besides the crypto spam bot problem, Musk is looking into adding an edit button to tweets. He set up a poll Monday asking his 80.6 million followers, “Do you want an edit button?” The CEO of Twitter stressed: “The consequences of this poll will be important. Please vote carefully.” Over 4.4 million votes were counted and 73.6% said yes.

Twitter user Liz Wheeler argued against having an edit button. She opined: “What if a tweet goes viral, lots of retweets & millions of impressions, & then the author completely changes the meaning? Not just a grammatical fix, but a total ideological change? Or shameless self-promote?”

The CTO of Meta, formerly Facebook, chimed in: “We solved this on Facebook a long time ago. You just include an indicator that it has been edited along with a change log. If you are really worried about embeds they can point to a specific revision in that history but with a link to the latest edit. Not a real issue.” However, Musk replied, “Facebook gives me the willies.”

Some other suggestions concern Twitter’s fact checking, election control, and bringing back banned users, such as former U.S. President Donald Trump.

Musk said at the end of March that he wanted to build a social media platform that focuses on free speech as a top priority. “Given that Twitter serves as the de facto public town square, failing to adhere to free speech principles fundamentally undermines democracy,” he described.

There Are Some Skeptics

Not everyone is confident that Musk will improve Twitter. Regarding free speech, Bloomberg published an opinion piece Monday claiming that “Musk’s Twitter investment could be bad news for free speech.”

One Twitter user expressed his doubt that Musk will make changes that benefit everyone, asserting that the Tesla boss “seems self-centered.” A different user said he will quit Twitter if Musk is in control.

Some people in the crypto community pointed out that Musk’s promise to improve Twitter is a display of the problem with the proof-of-stake (PoS) consensus mechanism, citing its apparent weakness of being controlled by the rich. One wrote:

Elon is showing you how easy it is to control a PoS network.

Do you think Elon Musk will improve Twitter? What changes do you want to see happening? Let us know in the comments section below.

Source: Featured – Bitcoin News

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A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge

A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The MergeWith the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask. Accessing the ETHW Network via Metamask’s Network Settings 16 days ago, Ethereum transitioned […]

A Step-by-Step Guide on How to Access Your ETHW Tokens if You Held ETH Before The Merge

With the new Ethereumpow (ETHW) network launch, ethereum holders are eligible to receive a single ETHW for every ether they own. The following is a simple guide that shows ethereum holders how to access their ETHW tokens using a wallet like Metamask.

Accessing the ETHW Network via Metamask’s Network Settings

16 days ago, Ethereum transitioned from a proof-of-work (PoW) blockchain to a proof-of-stake (PoS) network, and ethereum miners chose to mine a few different coins like ethereum classic and ravencoin. Some miners transitioned over to the new Ethereumpow (ETHW) network, and the blockchain has been live for more than two weeks since it launched. At the time of writing, there’s 52.27 terahash per second (TH/s) of hashrate dedicated to the ETHW network.

Moreover, the ETHW token has been trading for prices between $10.96 to $12.16 per unit during the last 24 hours. The USD value of ETHW is up 20.6% during the last two weeks, and seven-day statistics indicate the token is up 49.1%. However, during the past 24 hours on October 1, 2022, ETHW has lost roughly 7% against the U.S. dollar. Because ETH owners are eligible for ETHW at a 1:1 rate, after the ETHW network went live, ether holders have been gaining access to their coins.

The following post is a simple way to access ETHW using a Metamask wallet by simply updating the network. ETH owners can also leverage different methods like importing their seeds into Metamask or a wallet that supports the ETHW network. Some wallets like Crypto.com’s defi wallet has a toggle switch that checks for balances, and if you held ETH on Crypto.com’s defi wallet, simply check for balances and the ETHW token can be added.

To leverage the Metamask route, it’s assumed you already have ETH in a Metamask wallet throughout the rest of this guide, but if you don’t, it’s also possible to import your ETH wallet into the Metamask platform and access the funds from there.

Assuming you already have a Metamask wallet that held ethereum (ETH) before The Merge or before September 15, the next step is accessing Metamask’s settings section in the wallet. In order to access the settings simply click the account icon and press “settings.”

In Metamask’s “settings” section, on the left side of the screen another section called “network” will be visible, and there’s an icon of a plug right beside it. Press “network,” and the section will take you to an area that shows all the networks your wallet is connected to, and from here simply press “add network.” After pressing the “add network” button, Metamask will warn you about malicious networks as the platform states:

A malicious network provider can lie about the state of the blockchain and record your network activity. Only add custom networks you trust.

Below the warning are the fields of entry that are needed to access the ETHW network. There are five fields to fill out, which include: “Network Name,” “New RPC URL,” “Chain ID,” “Currency Symbol,” and the “Block Explorer URL.” In order to connect to the ETHW chain simply leverage the RPC data written below.

  • Network Name- ETHW-mainnet
  • New RPC URL- https://mainnet.ethereumpow.org
  • Chain ID- 10001
  • Currency Symbol- ETHW
  • Block Explorer URL- https://mainnet.ethwscan.com

After filling in all the fields, simply press “save” and connect to the ETHW network. When the wallet is connected to the network, it should now display a balance of ETHW, depending on how much ether was originally in the wallet. From here, the ETHW balance can be saved, transferred to a different wallet or address, or sent to an exchange to be sold.

If you plan to sell the new tokens, make sure the trading platform supports the ETHW chain. In addition to accessing the ETHW network via Metamask, the hardware wallet company Ledger has published a blog post that describes how ETH owners can obtain their Ledger ETHW account via Metamask.

Disclaimer: Walkthrough editorials are intended for informational purposes only. There are multiple security risks and methods that are ultimately made by the decisions of the user. There are various steps mentioned in reviews and guides and some of them are optional. Neither Bitcoin.com nor the author is responsible for any losses, mistakes, skipped steps or security measures not taken, as the ultimate decision-making process to do any of these things is solely the reader’s responsibility. For good measure always cross-reference guides with other walkthroughs found online.

Have you tried to access your ETHW tokens after The Merge? Let us know your method and how you did it in the comments section below.

Source: Featured Archives – Bitcoin News

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