Elon Musk Says Twitter Will Charge $ 8 / Month for Blue Tick Verification – Plans to Reward Content Creators – Bitcoin News

Tesla, Spacex and Twitter boss Elon Musk has decided to charge $ 8 a month to users of the social media platform to get a blue tick. “This will also give Twitter a revenue stream to reward content creators,” Musk explained, adding that “it’s the only way to defeat bots and trolls.” However, many Twitter users are not happy with the announced charge.

Twitter will charge $ 8 per month for account verification

Tesla CEO and Twitter chief Elon Musk announced on Twitter Tuesday that he plans to charge Twitter users $ 8 per month for a blue verification check mark that is currently free. The announcement of him came after several days of discussions on Twitter following his acquisition of the social media platform.

Elon Musk Says Twitter Will Charge $ 8 / Month for Blue Tick Verification: Plans to Reward Content Creators

In a subsequent tweet, he explained that the price will be “adjusted by country in proportion to purchasing power parity.”

Musk further explained that for $ 8 a month, users will also have “priority in responses, mentions and search, which is essential to defeating spam / scam, the ability to post long videos and audios, half of the ads. “and” paywall bypass for publishers willing to work with us “.

The new Twitter boss added:

This will also give Twitter a revenue stream to reward content creators.

Some people said they welcomed the idea of ​​Twitter paying content creators. One user wrote: “Creator payouts are huge to incentivize content creation. I love this idea. Musk replied: “Absolutely essential. Creators have to earn a living! “

Before setting the $ 8 per month charge, Musk considered charging $ 20 per month. However, many Twitter users reacted negatively to the idea. Famous fiction author Stephen King said he would leave the platform if the prosecution were established. Musk responded by explaining that Twitter cannot rely solely on advertisers and will have to pay the bills in some way. He also pointed out that “it is the only way to defeat the bots and trolls”.

Elon Musk Says Twitter Will Charge $ 8 / Month for Blue Tick Verification: Plans to Reward Content Creators

Microstrategy’s pro-bitcoin CEO Michael Saylor commented on Musk’s idea of ​​charging $ 8 a month, tweeting: “Bots won’t like it.” Tesla’s CEO replied:

Yes, this will destroy the robots. If a paid Blue account engages in spam / scam, that account will be suspended. Essentially, this increases the cost of crime on Twitter by several orders of magnitude.

Twitter’s current verification process is free, but the account must be “genuine, remarkable, and active” to receive a blue tick, according to the company’s website as of November 1.

However, some people aren’t happy with the $ 8 per month charge. “$ 8 for something that isn’t even ad-free is so much fun,” wrote one user. Another explained that his number one Internet rule that “has never been successfully broken is to charge for something that was previously free”. A third user wrote: “Soon it will be nice not to have the check mark.”

Philip Lewis, a senior front page editor at Huffpost, said:

I think this is a fundamental misunderstanding of how verification should work. A blue check mark has long been perceived as a status symbol when in reality it should just tell you whether a page is genuine or not.

Tag in this story

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Would you pay $ 8 a month for a blue tick on Twitter? And what do you think of Musk’s plan to reward content creators? Let us know in the comments section below.

Kevin Helms

Austrian economics student Kevin found Bitcoin in 2011 and has been an evangelist ever since. His interests lie in Bitcoin’s security, open source systems, network effects, and the intersection of economics and cryptography.

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