AS THE SCAMMERS ARE INC 4000% ELON MUSK PLANS TO SHAKE THE SCAMMERS
Spam and bots have been annoying anyone who has been using the internet for years, but recently, this digital scourge has boosted activity in the crypto industry in a big way.
Crypto spying provider LunarCrush revealed that spam in the cryptosphere increased by 3,894%. The company has been collecting crypto-specific social data since 2019 and says it is not only the highest spam, and "the fastest growing metrics on social media."
The findings were published in a report on Thursday, which said "more spam accounts than you might think are human." For this reason, it is often a challenge for software to detect and flag spam.
Spam volume collected by LunarCrush over the last 2 years
Twitter is the preferred social media platform in the crypto industry, and is full of spam and bots. There has been an estimated 1,374% increase in Twitter spam volume over the past two years, according to LunarCrush.
LunarCrush CEO Joe Vezzani told Quantum Economics founder Matti Greenspan in his crypto newsletter:
"With a Web2 platform like Twitter, there is a clear reason not to detect fake accounts because they increase the value of their platform."
Tokenized Web3 platforms like Aave's Lens Protocol or Orbis differ in that they want to have as many real users as possible holding assets rather than trying to take value out of the community, he added.
Billionaire Tesla chief executive Elon Musk's exciting takeover of the stadium was suspended earlier this month pending further details in support of Twitter's assertion that spam and fake accounts represent less than 5% of platform traffic.
Musk plans to demolish the spam bots that have plagued the platform and suggest that the company's claim of 95% real users is too high.
Cleaning bot accounts will reduce the number of followers many real accounts have. Another estimate from SparkToro has suggested that Musk may lose half of his 95 million followers. Earlier this month, the software company conducted a comprehensive study that reported that about 20% of all active Twitter accounts are fake or spam.
Until Musk finds his way and scatters spammers on Twitter, users of the forum and other social media sites will have to be very careful about the growth of crypto scams and spam in general, none of which seems to be strong. control.