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Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X

Greenpeace’s Anti-Bitcoin “Mining for Power” Report Receives Fierce Backlash on X“Mining for Power,” an anti-Bitcoin report by Greenpeace USA that explains the links between the bitcoin mining industry and fossil fuel companies, has faced a backlash in social media due to its inaccurate portraits of the mining activity. Using community notes, social network users detailed the report contained “many factual errors,” including outdated information. Greenpeace […]

Bitcoin on Cusp of Rallying Higher as One Indicator Turns Bullish, Says Kevin Svenson – But There’s a Catch

Elon Musk says posts busted by Community Notes won’t earn revenue share

Elon Musk assured those attempting to “weaponize” the community notes feature will be immediately found out.

Posts corrected by X’s community-driven fact-checking feature will be “ineligible for revenue share,” to stem the flow of misinformation and sensationalism, says Elon Musk.

In an Oct. 29 X post, the executive chairman said misleading or inaccurate posts “corrected” by Community Notes — manned by X’s crowdsourced fact-checkers will not be eligible for revenue share.

Musk said the change would “maximize the incentive for accuracy over sensationalism” and claimed any attempted weaponization of the feature would be “immediately obvious” as the data is open source.

With little information to go on, X users and Crypto Twitter pundits questioned aspects of the change.

“Does that include notes that are added for context [of] the user’s claims rather than correcting false information?” one user asked. The crypto-focused account Bitcoin Archive said some notes add further context and not all are “refutations or corrections.”

Finance-focused X account “Not Jerome Powell” said Community notes applied to memes “in a funny way” or notes providing context “should be excluded.”

Related: Crypto community tells Elon Musk to dump Satoshi ‘X’ account

Others, however, were supportive of the change. “Pay attention to those who vehemently disagree with this,” wrote Dogecoin (DOGE) co-creator Billy Markus “It’s quite literally people who make a lot of money spreading misinformation.”

X hasn’t shared the number of accounts eligible for monetization nor who makes up its 100,000 contributors in 44 countries, according to an Oct. 26 post from X CEO Linda Yaccarino.

Magazine: Hall of Flame: Peter McCormack’s Twitter regrets — ‘I can feel myself being a dick’

Additional reporting by Jesse Coghlan.

Bitcoin on Cusp of Rallying Higher as One Indicator Turns Bullish, Says Kevin Svenson – But There’s a Catch