CryptoQuant Founder Criticizes X for Handling of Crypto Content and Bots
According to Cointelegraph, Ki Young Ju, founder of CryptoQuant, has expressed dissatisfaction with X's approach to managing crypto-related posts, highlighting the platform's failure to address the surge in automated spam. Ju argues that X is penalizing legitimate users instead of tackling the underlying issue of bots. In a post on X, Ju noted a significant increase in automated activity linked to the keyword 'crypto,' with data indicating over 7.7 million posts generated in a single day, marking a rise of more than 1,200% compared to previous levels. Ju claims this influx of low-quality content has led to algorithmic measures that inadvertently impact genuine crypto accounts.
Ju emphasized that as artificial intelligence progresses, the presence of bots is inevitable, and X's inability to differentiate between automated accounts and human users is the core problem. He criticized the platform's paid verification system, stating it has failed as a filtering mechanism and now permits bots to 'pay to spam,' while authentic users experience reduced reach. Ju expressed his frustration, saying, 'It is absurd that X would rather ban crypto than improve its bot detection.'
The criticism follows comments from Nikita Bier, X's head of product, who attributed Crypto Twitter's visibility issues to excessive posting by users. Bier explained that many accounts exhaust their daily reach by frequently posting or replying with low-value messages, such as repeated 'gm' replies, which diminishes visibility for more substantial content like project updates. Bier remarked, 'CT is dying from suicide, not from the algorithm,' suggesting that over-posting dilutes reach because the average user only sees a limited number of posts daily. This statement has sparked debate within crypto communities, with some users arguing that X is suppressing Crypto Twitter content, neglecting its significance as a niche that sustains the platform.
Despite these challenges, X remains a crucial communication hub for crypto users, who rely on it for real-time market insights, project updates, breaking news, and onchain analysis. Last year, X introduced a messaging feature called XChats, which Elon Musk announced would incorporate 'Bitcoin-style encryption' along with audio and video calls, disappearing messages, file sharing, and a redesigned architecture utilizing the Rust programming language.
