Elon Musk Says Twitter to Charge $8 per Month for Blue Checkmark Verification — Plans to Reward Content Creators – Bitcoin News

Tesla, Spacex, and Twitter boss Elon Musk has determined to cost $8 monthly for customers of the social media platform to have a blue checkmark. “This will also give Twitter a revenue stream to reward content creators,” Musk defined, including that “it is the only way to defeat the bots and trolls.” Nonetheless, many Twitter customers are sad concerning the introduced cost.

Twitter to Charge $8 per Month for Account Verification

Tesla CEO and Twitter boss Elon Musk introduced on Twitter Tuesday that he plans to cost $8 monthly for Twitter customers to have a blue verification checkmark that’s presently free. His announcement got here after a number of days of debate on Twitter following his acquisition of the social media platform.

In a followed-up tweet, he defined that the value will probably be “adjusted by country proportionate to purchasing power parity.”

Musk additional detailed that for $8 a month, customers will even get “priority in replies, mentions & search, which is essential to defeat spam/scam, ability to post long video & audio, half as many ads,” and “paywall bypass for publishers willing to work with us.”

The brand new Twitter chief added:

This will even give Twitter a income stream to reward content material creators.

Some individuals mentioned they welcomed the thought of Twitter paying content material creators. One person wrote: “Creator payments are huge to incentivize content creation. Love this idea.” Musk replied: “Absolutely essential. Creators need to make a living!”

Earlier than he settled on the $8-a-month cost, Musk thought of charging $20 monthly. Nonetheless, many Twitter customers reacted negatively to the thought. Well-known fiction creator Stephen King mentioned he would go away the platform if the cost will get instituted. Musk replied explaining that Twitter can not rely solely on advertisers and might want to pay the payments one way or the other. He additionally confused that “it is the only way to defeat the bots and trolls.”

Elon Musk Says Twitter to Charge $8 per Month for Blue Checkmark Verification — Plans to Reward Content Creators

The professional-bitcoin CEO of Microstrategy, Michael Saylor, commented on Musk’s concept of charging $8 a month, tweeting: “The bots won’t like this.” The Tesla CEO replied:

Sure, it will destroy the bots. If a paid Blue account engages in spam/rip-off, that account will probably be suspended. Basically, this raises the price of crime on Twitter by a number of orders of magnitude.

The present Twitter verification course of is free, however the account have to be “authentic, notable and active” to obtain a blue checkmark, in response to the corporate’s web site as of Nov. 1.

Nonetheless, some persons are sad concerning the $8/month cost. “$8 for something that isn’t even ad-free is so funny,” one person wrote. One other defined that his primary rule on the web that has “never been successfully broken is to charge for something that was previously free.” A 3rd person wrote: “Soon it’s gonna be cool to not have the checkmark.”

Philip Lewis, a senior entrance web page editor on the Huffpost, opined:

I believe it is a elementary misunderstanding of how verification is meant to work. A blue examine has been perceived as a standing image for a while when actually it’s simply alleged to inform you if a web page is genuine or not.

Tags on this story

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Would you pay $8 a month for a blue checkmark on Twitter? And, what do you consider Musk’s plan to reward content material creators? Tell us within the feedback part beneath.

Kevin Helms

A scholar of Austrian Economics, Kevin discovered Bitcoin in 2011 and has been an evangelist ever since. His pursuits lie in Bitcoin safety, open-source techniques, community results and the intersection between economics and cryptography.

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