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It's not even into the first week of Elon's reign on Twitter, and he has already made a few questionable decisions. And while the firing of the top management, accompanied by massive layoffs, was an attempt to save money, introducing a payable option for verified accounts supposed to make it.
Although it is still being determined whether this endeavour will ultimately pay off or even be implemented, one thing remains clear: the community, as always, is very divided on this matter. Some understandably support this decision, appealing to the business side of the question and rightly so since Twitter has not been making money for a very long time.
Meanwhile, others believe that this would effectively doom the platform and put the final nail into the somewhat dying breed of social media. Surprisingly, among the voices who raised concern was the creator of the Ethereum network, Vitalik Buterin, who criticised Musk's desire to 'get rid of elitism.' Join me in today's editorial, where we will see why Ethereum's prodigy thinks so and what the future holds for the Big Eyes Coin project. Let's dig in.
According to Buterin, the new proposal will depend on "exactly how much due diligence is done to make sure blue checks are who they say they are." In the words of the Ethereum founder, it could go either way. If you pay $8 and call yourself whoever you want, this is one thing. The result would be very different if Musk's suggestion meant more verification.
Vitalik's Buterin remarks come after the wealthiest man on the planet proposed a complete overhaul of the social network's verification system just days after the $44 billion takeover was finally completed. From Buterin's perspective, charging $8 per month would create an economic hierarchy.
However, the current blue check system is way more exclusive than Elon's previous suggestion of charging $20 for blue verification. Ethereum's father preached that the ideal set-up would be that verification can be charged at cost and separate from other premium services. Regardless of which side you support, the change in Twitter is imminent.
Big Eyes Coin is not your typical meme coin for a number of reasons. For starters, it resonated with the community on a mass scale even before the project was fully launched. At the time of writing, Big Eyes Coin has amassed more than $9.35 million and is still counting!
However, the loyal community is not the only thing this project offers. Apart from the good vibes, Big Eyes Coin amalgamates two of the most lucrative crypto niches under its umbrella: DeFi and NFTs, enabling holders of the platform's token BIG to earn passive income.
In doing so, there is a broader ecosystem with the NFT marketplace and Big Eyes Sushi Swap for flipping everyone's favourite JPEGs and engaging in different staking options. But the cherry on top is the project's dedication to protecting marine life by pledging to contribute 5% of the BIG's supply to a charity upon the project's release. If you feel this is what you might find appealing, there is a promo code BEYES1063 to win some free tokens when purchasing BIG. Happy trading!
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