Elon Musk’s long-term deal to buy Twitter (NYSE 🙂 is now in a different direction. Jackson Palmer (the founder of the popular meme coin, DOGE), to which Elon Musk is a big ambassador made an offer to Twitter for help in combating spambots. However, the chances of it coming to fruition appear unlikely as Musk did nothing but make fun of Palmer’s proposal.

Australian Dogecoin creator Jackson Palmer has denounced cryptocurrency as an “inherently right-wing, hyper-capitalistic technology”.In a rare interview, he talks with @cameronwilson about his crypto scepticism, Elon Musk, and more [FREE TO READ]https://t.co/eHR0BKbfXC

— Crikey (@crikey_news) May 30, 2022

Python Script Won’t Solve Twitter’s Issues

In a recent interview with Australian magazine Crikey, Jackson Palmer expressed his opinion about cryptocurrencies being a form of “hyper capitalism”, and remarked how he had written Python code that could battle the surge of spambots on Twitter. Palmer also disclosed that Tesla (NASDAQ:) & SpaceX CEO Elon Musk had already reached out to him to ask for the code. DOGE’s founder also implied that Musk’s knowledge of coding is limited⁠—but his statement was not left unchallenged.

The Tesla CEO later responded to Palmer, saying “You falsely claimed ur lame snippet of Python gets rid of bots. OK buddy, then share it with the world … ” He continued by asserting the bold claim that, in fact, his 12 year old kids better at coding than Mr. Palmer. Eventually, the conclusion Musk ended on was pretty straightforward: “Jackson Palmer is a tool”.

Jackson’s nonsense script was not good enough for my kids to write better code than mine. Like I said, if it’s so great, he should share it with the world and make everyone’s experience with Twitter better. He will be able to see the value in it. Jackson Palmer is an instrument.

— Elon Musk (@elonmusk) May 31, 2022

The Twitter Takeover Deal is hampered by these obstacles

The initial $44 billion Twitter deal was to have closed about a month earlier. However, the deal “couldn’t go forward”, due to unsettled differences in vision. This was likely due to spambots and fake accounts that were prevalent on Twitter’s microblogging platform. Apparently, Twitter’s current owners claim that such fake accounts make up only 5% of the total 229 million accounts on Twitter, but Mr. Musk doesn’t buy it⁠—maybe literally now.

In his not-so-humble opinion, whopping 20% of accounts on Twitter are either fake or spam bots, the Tesla and SpaceX CEO believes should bring the value of the deal down somewhat, as the implied “inauthentic activity” raises concerns over the platform’s reputation and security. On May 25, Elon Musk declared that his offer for the Twitter Takeover Deal was now at $35.5 billion.

Dogecoin’s (DOGE) Slow Return to Form

The dog-themed meme coin suffered losses of 35.2% last month, but tweets from Musk claiming that “Dogecoin has potential as a currency”, and the public announcement that DOGE would be made available as a payment option for SpaceX merch, resulted in DOGE subsequently seeing immediate price bumps.

Dogecoin, (DOGE), is currently trading at $0.086199. This is 2.9% higher than the price it traded a week earlier. DOGE remains at 88.3% below its ATH of $0.7315 last year. The popular meme coin finally shows signs of bullish sentiment.

Continue reading on DailyCoin