Elon Musk Imposes Twitter Reading Limits, Crypto Twitter Furious
• Elon Musk has imposed a read rate limit on Twitter, allowing verified accounts to read up to 6,000 posts daily and unverified accounts 600 posts daily.
• DOGE sees unexpected growth amid the Twitter turmoil.
• Crypto celebrities have reacted to Musk’s move, with Binance CEO Changpeng ‘CZ’ Zhao suggesting that only commenting should be limited.
Elon Musk Imposes Read Rate Limit on Twitter
Twitter CEO Elon Musk has imposed a rate limit on users‘ reading activities by restricting the number of posts they can view daily. Verified accounts are limited to reading 6000 posts/day while unverified accounts are only allowed 600 post reads per day. New unverified users are restricted to 300 post reads/day in an attempt to curb „extreme levels of data scraping“ and system manipulation according to Musk’s tweet.
Dogecoin Sees Unexpected Growth Amid Growing Twitter Turmoil
The news of the new restrictions has sparked angry comments from many crypto investors on Twitter, however Dogecoin (DOGE) continues trading in phased consolidation with 1.2% growth in the last 24 hours and 3% since last week at press time – changing hands at $0.678.
Crypto Celebrities React To Elon Musk’s Stunt
Binance CEO Changpeng ‘CZ’ Zhao suggested that only commentary should be limited rather than viewing as no humans post more than 800 posts per day apart from him, whilst ZachXBT sent The Dogefather a sarcastic ‘thank you’ along with a screenshot of Twitter returning an error due to the rate limits.
Motivation For The Move
Musk’s decision may be related to his clash with OpenAI as it prevents artificial intelligence from retrieving data for their own large language models, though this remains speculation as nothing was confirmed by Tesla or SpaceX’s CEO himself.
Overall, many remain perplexed by the sudden implementation of such strict reading limits without any advanced notice or further explanation beyond what was said in the tweet itself – leaving open-ended questions regarding its true purpose and potential implications for crypto businesses operating on Twitter moving forward.