Tue, April 16, 2024 at 21:15

• 

  Joy

  • Hey Annie!

  • Guess what?

  • Dogecoin is making headlines again!🐕💰 Elon Musk just hinted that DOGE payments might be coming to X, which used to be Twitter.

  • They're planning to charge users a fee to post and interact on the platform.

  • 
• Annie

  • Really?

  • That's interesting!😮 But why would they want to charge users?

  
• 

  Joy

  • Great question, Annie!

  • They're trying to combat the growing bot problem on X.

  • The idea is that by charging a small fee, it'll be more expensive for bot operators to create tons of accounts, which should discourage them.

• Annie

  • Oh, I see.

  • So, this fee will apply to all users or just new ones?

  
• ADward

  • Hold on! Behold, an advertisement awaits. Legend has it that clicking on this ad will make the AI server even smarter... 😅

  
• 

  Joy

  • Just the newbies!🆕 They won't be able to reply, like, or bookmark a post unless they pay this fee.

  • And guess what?

  • This isn't even a new thing.

  • They've already started implementing this policy in some places like the Philippines and New Zealand.

• Annie

  • Wow!😲 So, how much is this fee exactly?

  
• 

  Joy

  • It's just a small annual fee of $1.

  • Doesn't sound like much, right?

  • But imagine if you're a bot operator creating thousands of new accounts every day.

  • It adds up!💸

• Annie

  • I see.

  • That makes sense.

  • And how has this policy been working so far in the places where it's already implemented?

  
• 

  Joy

  • Well, they've been testing it out in those regions to see if it helps reduce spam and improve user experience.

  • And since they're planning to roll it out site-wide, I'd say the tests were pretty positive!😊

• Annie

  • That's good to hear.

  • But what about Dogecoin payments?

  • When will that be implemented?

  
• 

  Joy

  • Ah, the million-dollar question!🤔 Well, X already allows cryptocurrencies like Bitcoin for tipping creators.

  • But there's no substantial payment use case for Dogecoin yet.

  • However, given that the fee for new accounts is so small, it's possible that Dogecoin payments will be used at some point.

• Annie

  • I see.

  • So, is this news good or bad for the market?

  
• 

  Joy

  • Well, if Dogecoin does get implemented as a payment method on X, it could definitely be a big boost for DOGE!

  • 

  • So yeah, I'd say this is pretty good news!🚀

  • To sum up, this article is considered a 😍Bullish for investors!!