The executive chairman of X, Elon Musk, has declared a big policy shift on the platform to counteract sensationalism and false information.
Musk said in a post on October 29th that postings that were found to be false or deceptive and then “corrected” by X’s user-driven fact-checking tool, Community Notes, would no longer be qualified for income sharing.
The decision was taken in an attempt to give the X community’s members more accuracy than sensationalism.
Musk underlined the need of providing incentives for accuracy, warning that since the data is publicly available, any effort to abuse the function for illicit reasons will be quickly discovered.
However, there are a number of queries and worries that X users and fans of Crypto Twitter have regarding this statement. Some users questioned if notes posted for context, as opposed to correcting inaccurate information, would fall under this regulation.
One well-known account dedicated to cryptocurrency, Bitcoin Archive, made the observation that not all Community Notes are corrections or refutations; others just offer more background.
Similarly, Not Jerome Powell, an X account that focuses on finance, contended that this regulation shouldn’t apply to Community Notes that are applied humorously or that provide context.
Nonetheless, there was backing for Musk’s choice. Co-creator of Dogecoin Billy Markus advised users to listen to those who strongly opposed the move, pointing out that these people were frequently making money by disseminating false information.
Notably, according to a post by X CEO Linda Yaccarino on October 26th, X has not revealed the total number of accounts that qualify for income sharing or given information about the 100,000 donors that are spread throughout 44 countries.
