Elon Musk, the executive chairman of X, recently announced a significant policy change aimed at combatting misinformation and sensationalism on the platform.
In a post dated October 29th, Musk revealed that posts deemed misleading or inaccurate and subsequently “corrected” by X’s community-driven fact-checking feature, known as Community Notes, would no longer be eligible for revenue sharing.
The decision was made in a bid to prioritize accuracy over sensationalism within the X community.
Musk emphasized the importance of incentivizing accuracy, stating that any attempt to misuse the feature for nefarious purposes would be immediately apparent, given that the data is open-source.
However, this announcement left X users and Crypto Twitter enthusiasts with several questions and concerns. Some users questioned whether this policy would apply to notes added for context rather than correcting false information.
Bitcoin Archive, a prominent crypto-focused account, pointed out that not all Community Notes serve as refutations or corrections; some merely provide additional context.
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Similarly, Not Jerome Powell, a finance-focused X account, argued that Community Notes applied in a humorous manner or those providing context should be exempt from this policy.
On the other hand, there was support for Musk’s decision. Dogecoin co-creator Billy Markus urged users to pay attention to those who vehemently disagreed with the change, suggesting that such opposition often came from individuals profiting from spreading misinformation.
Notably, X has not disclosed the number of accounts eligible for revenue sharing or provided details about the 100,000 contributors spanning 44 countries, according to an October 26th post by X CEO Linda Yaccarino.
This lack of transparency leaves many in the X community speculating about the exact implications of Musk’s new policy and how it will be enforced.
In conclusion, Elon Musk’s announcement regarding the ineligibility for revenue sharing of posts corrected by X’s Community Notes has stirred a mixed reaction within the platform’s user base.
While some question the scope of the policy and its potential impact on contextual notes, others see it as a necessary step to combat misinformation and promote accuracy.
Transparency regarding X’s contributor base and monetization eligibility remains a topic of interest and discussion among users.
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