Billionaire Mark Cuban suggested using the Dogecoin meme cryptocurrency (DOGE) to fight spam on Twitter.
We will add an Optimistic Rollup sidechain on the Dogecoin blockchain. Everyone who invests 1 DOGE will be able to publish an unlimited number of posts. If someone disputes the post and people confirm that it is spam, they will get DOGE belonging to the spammer.
The spammer will have to post 100 times the DOGE. If the post turns out not to be spam, the person who disputed it will lose their DOGE. DogeDAO to win! – Quban stated.
The new owner of Twitter, Ilon Musk, called Mark’s initiative “not a bad idea”, hence Cuban’s plan can be put into practice. However, not everyone liked the concept of using Dogecoin as a protection against unwanted messages, because some users can mark posts as spam to earn DOGE.
Before buying Twitter, Musk promised to “destroy the bots or die trying to do so,” so the spam problem will be solved one way or another.