Since Elon Musk’s Twitter takeover has caused many changes and proposed changes, amongst affected stocks and prices, the changes have also affected the Twitter platform itself. Recently Musk has stated that the platform’s current “lords and peasants” system is awful, and he wants to change it, allowing anyone to have the tick for eight dollars a month. This system is already being criticised.
Amongst those who don’t like this system is Ethereum’s (ETH) founder Vitalik Buterin who publicly showed his disdain on Twitter. What could this mean for the validity of people sharing information about crypto on Twitter? New Meme coin Big Eyes Coin (BIG) has various ways aside from Twitter to prove credibility.
Ethereum Founder Dislikes the New Blue Tick Model
The Ethereum blockchain is notorious for being the most secure blockchain in the crypto market. Founded in 2015, it has quickly become the second most popular cryptocurrency in the market. Though Bitcoin is a tad more popular, its blockchain has far from the security level of Ethereum.
Why is Vitalik Buterin so upset about Musk’s new blue tick proposal? The concept of verification aids in avoiding scams. Within his Tweet, Buterin said it “would damage the blue check’s anti-scam role. But if there’s more actual verification, the result is very different.” This statement is objectively true, especially in the world he is most familiar with – the crypto world.
Many people are…
