Elon Musk Joins Forces With Dogecoin’s Creator to Combat Crypto Scam Bots

Steve Jurvetson / Flickr

Tesla and SpaceX CEO Elon Musk has had enough of the cryptocurrency scam bots that plague Twitter.

In a recent tweet, Musk called on Jackson Palmer, creator of the popular meme-based cryptocurrency Dogecoin (DOGE), to help rid Twitter of these bots that commonly mimic popular accounts to trick unsavvy investors into sending their digital assets under the guise of free giveaways.

In response, Palmer noted that he already has a simple script that functions to address scam activity and asked Musk to direct message him to discuss it further.

“Update: Elon has the script… we had a good chat on how @jack and the Twitter team should definitely automate and fix this problem on their end though,” Palmer followed up in a separate tweet.

While Twitter’s response to the ongoing problem has left much to be desired, recent reports suggest Twitter has started automatically locking unverified accounts that change their display name to ‘Elon Musk.’

The interaction between Musk and Palmer is yet another high-profile event for Dogecoin, which has more than doubled in recent weeks after the successful demo of Dogethereum, an experimental effort to bring dogecoin to the Ethereum blockchain, enabling the use of Dogecoin with Ethereum smart contracts through a new DOGE-backed Ethereum token.

DOGE is currently ranked 18th in the AltDex 100 Index (ALT100), a benchmark index for large-cap cryptocurrencies and tokens.

More: Musk/Palmer Twitter Conversation
Similar: Twitter Will Now Lock Fake Elon Musk Accounts to Combat Crypto Scams
Photo: Steve Jurvetson / Flickr

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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