Last week, Elon Musk's lawyers filed for the closing of his $44 billion acquisition of Twitter. The deal had stalled for months, but it looks like Dogefather is finally ready to move on.
Elon reportedly wants to use Dogecoin to fight bots and spam accounts on Twitter. Basically, he wants Twitter users to pay a fee (in DOGE) every time they want to tweet or retweet.
What does this mean for Twitter users?
Elon Musk tends to achieve high security on twitter and fights against bots and spam on twitter. Twitter creators in the crypto space can relate to this. If you haven't experienced spam, write a post about bitcoin or crypto and post it on Twitter. The first comments you will see are those with malicious links and spam. Such action is annoying and reduces the quality of the post (less attractive post).
Here is an example -
Other hand, it concerns us Twitter creators that having to pay for every tweet or retweet can be a little frustrating, especially for those just starting out. When you start using as content creator on twitter you need to build followers and reputation, but you paying for every tweet it's very difficult to grow on Twitter.
Twitter users without crypto knowledge will have a hard time getting used to its Policy. Rest assured, it hasn't happened yet, but if Elon Musk takes full control of Twitter, will you be able to adapt ?
Will Doge's price finally go up when Elon's takeover complete?
When the Elon Musk acquisition is complete and Dogecoin usage ramps up, demand will exceed supply. Twitter with more than 500 million active users needs to buy Dogecoin to tweet or retweet.
If there are more Dogecoin buyers, the price of Dogecoin will skyrocket.
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