Crypto Twitter Infuriated: Elon Musk Imposes Read Rate Limit
TL;DR Elon Musk's latest attempt to reduce data scraping on Twitter has caused a stir on the microblogging platform. The CEO's decision to limit the number of posts users can read daily based on their account type has angered many crypto investors. Notable figures such as CZ and ZachXBT have spoken out against the move, claiming it impedes their work in the crypto space.
Twitter went down for tens of thousands of users early Saturday.
Musk’s weekend tweet reveals an unprecedented set of reading limits.
DOGE sees unexpected growth amid growing Twitter turmoil.
Elon Musk’s latest attempt to curb the “extreme levels of data scraping” on Twitter has spurred angry comments on the microblogging platform. The new decision to restrict users’ reading activities by imposing a Twitter rate limit surprised many.
The controversial tweet by Twitter’s CEO suggests that from now on, all Twitter Blue verified accounts could only read up to 6,000 posts daily. In contrast, the limit for free members of Twitter is ten times less – capped at a mere 600.
Following the news, Dogecoin (DOGE) continued to trade in phased consolidation with 1.2% growth in the last 24 hours. At press time, the top dog memecoin is changing hands at $0.678, gaining 3% since last week.
Crypto Celebrities React to Musk’s Stunt
Notably, new unverified users got it the worst with just 300 post reads – according to Musk, this prevents system manipulation and artificial intelligence from retrieving data for their own large language models. Thus, many crypto investors on Twitter deem the move related to Elon Musk’s clash with OpenAI.
However, many known crypto players took the explanation with a pinch of salt, including Binance’s CEO Changpeng ‘CZ’ Zhao, who stated: “Viewing should not be limited. Posting and commenting should be. No humans post more than 800 posts per day, maybe except me.”
The Chinese-born billionaire added that “only commenting should be limited.” CZ, who owns a piece of Twitter with a $500 million investment, is likely pointing out the comment section spam bot issue, which includes rising crypto-related phishing attacks.
Meanwhile, the famed on-chain sleuth ZachXBT sent The Dogefather a sarcastic ‘thank you,’ along with a screenshot of Twitter returning an error, saying, “rate limit exceeded. Please wait a few moments and then try again.”
ZachXBT claims that the new Twitter rate rules obstruct his detective work. A Twitter poll by Borovik, another well-known crypto figure, exposes the naked truth: 78.2% of the general public of Crypto Twitter is opposed to the unforeseen read limit.
On The Flipside
According to World of Statistics, it would take 16 and a half hours to read 6,000 average tweets on Twitter.
Some members are puzzled about how a ‘post read’ is calculated and if replies count towards the rate limit.
Why This Matters
Twitter is one of the most crypto-friendly social media platforms with plans to integrate cryptocurrencies into its financial system.
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