bitcoin These days, when the price is on the rise again, crypto money fraudsters do not stay empty-handed.
Fraudsters, especially organized on Twitter, use the identities of famous names to protect the hands of vulnerable people. crypto coins trying to take over. This issue, which Elon Musk has repeatedly mentioned, was discussed this time between Michael Saylor and Cameron Winklevoss.
As it is known, Michael Saylor is the CEO of MicroStrategy, which has the world’s largest Bitcoin reserves institutionally. Cameron Winklevoss is the CEO of Gemini, one of the world’s largest cryptocurrency exchanges, along with his twin brother, Tyler Winklevoss.
Saylor and Winklevoss Propose a Bitcoin-Powered Social Media Program
In his post on Twitter, Cameron Winklevoss shared a screenshot of many accounts trying to scam crypto money using his brother’s name. Stating that Twitter’s security measures are not enough to prevent such frauds, the famous CEO expressed his thoughts as follows:
“Spam and fraudulent posts on Twitter have now reached incredible proportions. Some people really can fall for them. Twitter should devote some resources to this issue rather than deleting the tweets of people it thinks wrong.”
The SPAM and fake scams being perpetrated on @Twitter is really BEYOND. These things do actually injure ppl. If you dedicated even a small percentage of resources you commit to combatting “wrong think” you would protect ppl from being defrauded. Retweet so we get their attn! pic.twitter.com/axx3sznjvl
— Cameron Winklevoss (@cameron) February 5, 2022
A support for Winklevoss’s tweet, which attracted a lot of attention, came from Michael Saylor. Saylor suggested “An anti-spam program that works with Bitcoin”. The famous CEO made the following comment on the subject:
“Instead of Twitter’s blue tick, we need an ‘orange tick’ program based on Bitcoin and Lightning. In this way, we can fight spam, fraud and bots on all social media platforms. If we want to combine the monetary layer with the internet, we must first clean up the cyber world. There should be a program where anyone who gives a few satoshis can get the orange tick.”
To this tweet by Michael Saylor, Cameron Winklevoss replied, “Absolutely, similar email spam protection was done by Adam Back in the 90’s with Hashcash. But I don’t think that will happen with Jack Dorsey quitting Twitter.”