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Dogecoin founder sends harsh response to Elon Musk over X algorithm
After taking over Twitter, Elon Musk has turned the social media platform into a different beast. First, he rebranded it to X, and then, algorithm updates every few weeks became a constant.
Musk argues the goal of these algorithm updates is to offer the best experience to X users. But not everyone seems happy.
Billy Markus, the software engineer who co-created Dogecoin (DOGE), expressed his displeasure that he really hates the current X algorithm. Musk acknowledged that he also doesn't like it and is working to improve it. Markus responded that any social app should show your content to your followers and you see the content from accounts you follow. Any algorithm that fails this norm is a failure, he added.
Launched in December 2013, Dogecoin is the first meme coin. In short, it is a type of cryptocurrency that originates from an internet meme or a prank. The meme coin found support from Musk earlier, who once used to talk or share posts about DOGE quite often.
X and crypto community
It's not the first time that the crypto community has found the X algorithm to be troubling. Last month, X product head Nikita Bier announced a revision of its developer API policies to not allow apps like information finance (InfoFi) that reward users for posting on X.
InfoFi is a crypto concept that involves turning financial information and user engagement into monetary value. Kaito, a popular InfoFi project, saw its native token tanking immediately after the announcement. While a lot of crypto users found the development to be positive as it aims to remove "AI slop" and spam, some users complained that since X doesn't pay creators enough, they have to rely on other means like InfoFi to earn.
However, not every development on X has been ill-fated for crypto users. Bier announced last month that X is going to launch Smart Cashtags, a feature designed to let users tag exact assets, including crypto assets, directly in posts. The same month, he announced the launch of a new tool called "Starterpacks" to help new users find the best X accounts as per their interests. There are several crypto-focused super packs on X, such as Crypto Founders, Bitcoin Maximalists, etc.
This article has been published in thestreet.com via Yahoo News.
Dogecoin founder sends harsh response to Elon Musk over X algorithm
After taking over Twitter, Elon Musk has turned the social media platform into a different beast. First, he rebranded it to X, and then, algorithm updates every few weeks became a constant. Musk argues the goal of these algorithm updates is to offer the best experience to X users. ...
finance.yahoo.com
