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Elon Musk Mocks Dogecoin Founder Over Suggested Twitter Bot Solution

Cryptocurrency Jun 01, 2022 06:30AM ET
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Elon Musk Mocks Dogecoin Founder Over Suggested Twitter Bot Solution

The prolonged deal which could see Elon Musk buying Twitter (NYSE:TWTR) has taken a new turn. Jackson Palmer, the founder of popular meme coin Dogecoin (DOGE), for which Elon Musk has historically been a huge ambassador, made a suggestion to help Twitter combat spam bots. However, the chances of it coming to fruition appear unlikely as Musk did nothing but make fun of Palmer’s proposal.

Python Script Won’t Solve Twitter’s Issues

In a recent interview with Australian magazine Crikey, Jackson Palmer expressed his opinion about cryptocurrencies being a form of “hyper capitalism”, and remarked how he had written Python code that could battle the surge of spambots on Twitter. Palmer also disclosed that Tesla (NASDAQ:TSLA) & SpaceX CEO Elon Musk had already reached out to him to ask for the code. DOGE’s founder also implied that Musk’s knowledge of coding is limited⁠—but his statement was not left unchallenged.

The Tesla CEO later responded to Palmer, saying “You falsely claimed ur lame snippet of Python gets rid of bots. OK buddy, then share it with the world … ” He continued by asserting the bold claim that, in fact, his 12 year old kids better at coding than Mr. Palmer. Eventually, the conclusion Musk ended on was pretty straightforward: “Jackson Palmer is a tool”.

Obstacles to the Twitter Takeover Deal

Initially, the $44 billion Twitter deal was supposed to have been closed over a month ago. However, the deal “couldn’t go forward”, due to unsettled differences in vision. The main reasons for this were seemingly related to the high percentage of spam bots and fake accounts on the popular microblogging platform. Apparently, Twitter’s current owners claim that such fake accounts make up only 5% of the total 229 million accounts on Twitter, but Mr. Musk doesn’t buy it⁠—maybe literally now.

In his not-so-humble opinion, whopping 20% of accounts on Twitter are either fake or spam bots, the Tesla and SpaceX CEO believes should bring the value of the deal down somewhat, as the implied “inauthentic activity” raises concerns over the platform’s reputation and security. Ultimately, on May 25th, Elon Musk announced that his bid for the Twitter takeover deal now stands at $35.5 billion.

Dogecoin’s (DOGE) Slow Return to Form

The dog-themed meme coin suffered losses of 35.2% last month, but tweets from Musk claiming that “Dogecoin has potential as a currency”, and the public announcement that DOGE would be made available as a payment option for SpaceX merch, resulted in DOGE subsequently seeing immediate price bumps.

At the time of writing, Dogecoin (DOGE) is trading at $0.086199, which is 2.9% more than it was a week ago. On the other hand, DOGE is still down 88.3% the ATH of $0.7315 it set last year. With that being said, the popular meme coin is finally showing signs of bullish sentiment.

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Elon Musk Mocks Dogecoin Founder Over Suggested Twitter Bot Solution
 

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