Vitalik Dubious On Musk’s Twitter Blue Tick; Suggests These Tips

Elon Musk, the richest man in the world and “Chief Twit” officially announced the “blue tick” subscription for only $8 per month for Twitter users. However, Vitalik Buterin, the founder of Ethereum’s C0 seems to be a little suspicious about Musk’s latest plans on Twitter.

Will Elon’s Twitter Blue Plan Work?

Buterin introduced that he is one a little skeptical about how well does this plan work He pointed out that it will depend on exactly how much due diligence is done to ensure that users receiving blue checks are who they say they are.

Paying $8 a month and calling yourself whatever you want would undermine the anti-fraud role of the blue check, he added. However, he suggested that if there were more actual verifications, then the results would be very different.

Vitalik mentioned that he doesn’t get this analysis of charging $8 a month for a blue tick on Twitter creates an economic hierarchy. He pointed out that the current Blue Check plan is much more exclusive than the $20 per month level from yesterday.

However, he suggested that verifications would be charged at cost. While it should be separate from other premium services.

Vitalik suggests this plan

Earlier, Coingape reported that Musk launched a blue Twitter subscription model for users. He announced that the current system of lords and peasants for those who have or do not have a blue tick will not work.

Musk mentioned that the user will get features like reply, mention and search priority in order to defeat spam.

Meanwhile, Vitalik stated that he would support a one-time fee for blue ticks on Twitter. This plan makes more sense from an anti-abuse perspective. The one-time fee would be more than the current $8 per month plan.

He added that if any user is banned for misusing the blue check, then they will have to pay more to try again.

Ashish believes in Decentralization and has a keen interest in the development of Blockchain technology, cryptocurrency ecosystem and NFTs. He aims to create awareness about the growing Crypto industry through his writing and analysis. When he’s not writing, he’s playing video games, watching some thriller, or out for some outdoor sports. Reach me at [email protected]

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