Elon Musk Hits Hard: I Don't Support That Altcoin! - Coinleaks
Current Date:September 21, 2024

Elon Musk Hits Hard: I Don’t Support That Altcoin!

Tesla CEO Elon Musk reacted to a deep fake video that allegedly supported a fake altcoin project. In a recent tweet, the billionaire stated that he “definitely” wasn’t the one in the video. Here are the details…

Elon Musk reacted to his deep fake video suggesting altcoins

The deep fake video that went viral on Twitter earlier this week made its investors 30 percent return on crypto deposits It aims to attract you to invest in a trading platform that offers Many Dogecoin fans pointed out the poor quality of the video, claiming that Musk’s voice was robotic and incomprehensible. “This is a terrible deep fake,” tweeted one Twitter user. Dogecoin co-founder Billy Markus stated that those who are stupid enough to fall for such a scam deserve to part ways with their money.

Deepfake is someone who isn’t real in real life. It’s a piece of synthetic media that has been convincingly modified to get it to do things. Creating high-quality clones requires expensive computational resources. They are usually created with the help of a generative adversarial network (GAN). With deepfakes becoming more and more sophisticated, there is an urgent need for reliable detection tools that can be used to detect manipulated media.

Elon Musk has always been a DOGE supporter

Dogecoin (DOGE) is the eleventh largest cryptocurrency with a market cap of $11 billion and Elon Musk’s, It’s the only altcoin he’s talked about over and over on Twitter. As we reported on Cryptokoin.com , Musk spent most of 2020 and 2021 pumping money that was originally invented as a joke, causing its price to skyrocket. Critics say the original “meme coin”, the crypto asset, has no real utility, but developers are currently working on making it useful for payments.

Another billionaire, Mark Cuban, has been pushing for Dogecoin to be used as a payment method for over a year. Cuba’s NBA team, the Dallas Mavericks, began accepting DOGE for merchandise and tickets in March 2021. Scams in the crypto world are ubiquitous, especially on Twitter, with scams promising big returns. In 2020, scammers hacked the accounts of high-profile tweeters, including Musk’s, to promote a Bitcoin scam.