Elon Musk Tweets: Not DOGE, This Altcoin Has Peaked! - Coinleaks
Current Date:September 21, 2024

Elon Musk Tweets: Not DOGE, This Altcoin Has Peaked!

Blockchain-based file sharing and payment network LBRY made a statement in response to an Elon Musk post. The tech giant claimed that Apple forced it to filter out certain search terms during the COVID-19 crisis, outright denying freedom of expression. After this announcement, the price increased by nearly 25 percent. Here are the details…

Censorship controversy and comment by LBRY Credits

In a post he shared on Twitter on November 28, LBRY made a claim about Apple. He stated that they asked him to censor everything related to COVID-19, especially vaccines and the human origin of the virus. It was claimed that his apps would be removed from the Apple store if he did not comply with their request. The crypto company used the following statements:

We had to create a list of more than 20 terms so it wouldn’t show results on Apple devices only. Our apps wouldn’t be allowed in the store if we didn’t filter the terms.

LBRY is a decentralized content sharing platform that allows artists, filmmakers, writers and other content creators to take full artistic and financial control over their work. Odysee video sharing site is one of its best known apps. However, it is not clear whether this practice is included in the alleged censorship.

Response to Elon Musk tweet got LBRY high

The blockchain firm made the announcement in response to a post from Elon Musk, who said that Apple had “mostly stopped” advertising on Twitter due to concerns about the content of its social media platforms. Musk’s tweet prompted LBRY to share his experiences with Apple during the COVID-19 pandemic. LBRY also claims that when some of its users add “Pepe the Frog” images to their videos, Apple “Rejects” them.

Pepe the Frog is a green anthropomorphic frog that appeared in 2005 and has since been adopted by protest groups in Hong Kong and used in politically based ideology. “Apple can make good products, but they have been against freedom of speech for a while,” the crypto company said. The company’s statements caused a rise in the price of the cryptocurrency. LBRY’s LBC coin has gained over 25 percent in the last 24 hours. The coin went up to $ 0.01483 from $ 0.01071 on a daily basis. It’s changing hands at $0.01373 at the time of writing.

People are trying to leave Twitter

cryptocoin.com As we reported, Musk took over Twitter on October 28. It hints at the publication of the “Twitter Files”, which is supposed to be proof of the previous Twitter administration’s hard work to suppress freedom of expression on the platform. Musk’s takeover of Twitter and subsequent plans for the platform have alienated some users from the platform. These users announced that they were looking for decentralized social networks as an alternative.

Twitter co-founder and former CEO Jack Dorsey recently introduced a new Bitcoin-powered Bluesky Social app as an alternative to Twitter. The October 18 announcement comes nearly three years after the initiative was announced by Dorsey. The aim was to allow users to have control over their data and to move that data from platform to platform without permission.