Elon Musk announced that posts exposed by a community-driven fact-checking tool called Community Notes will no longer be eligible for revenue share in an ongoing fight against sensationalism and false information. Musk stressed the incentive for content authenticity in a statement published on X on October 29. He also insisted that since the data is publicly available, any weaponization of the feature would be quickly identified. He feels that by taking this action, the veracity and integrity of the information shared on the site will be guaranteed.
Twitter users and cryptocurrency specialists have been asking questions about several aspects of this shift since the announcement. It was brought to the attention of several users that not all Community Notes deal with incorrect material; rather, many notes offer extra context or amusing additions to the content. They contended that revenue share ought to apply to such content as well.
Billy Markus, a co-creator of Dogecoin (DOGE), praised Musk’s action and said, “Take note of people who strongly disagree with this. It’s actually wealthy individuals disseminating false information.”
According to an Oct. 26 claim by X CEO Linda Yaccarino, X has not yet revealed the number of accounts that qualify for monetization or the identities of its alleged 100,000 contributors across 44 nations.