Mastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

TL;DR Breakdown

  • Confusion at Twitter appears to continue after owner Elon Musk introduced limits to the amount of posts users can read in a day.
  • Mastodon, a German Twitter competitor, has witnessed a heavy flow of new users.  At the time of writing, Mastodon reported 324,000 active users.
  • Mastodon insists its user-driven and decentralized in nature.

Description

Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people. … Read more

Mastodon, a competing social network business, reported a large boost in traffic a day after Twitter implemented new limits on the number of posts users might see depending on their verification status.  Mastodon creator and CEO Eugen Rochko announced on July 2 that the platform’s active user base had increased by at least 110,000 people.

Elon Musk shakes up Twitter

Elon Musk has temporarily restricted the number of messages that can be viewed. Musk, Twitter’s CTO and proprietor, stated on Saturday that the move was made to combat “extreme levels of data scraping and system manipulation.”

The CEO of Tesla and SpaceX tweeted that verified accounts would be able to read 10,000 tweets per day, while unverified accounts could read 1,000 tweets per day. Unverified accounts that are newly created will be limited to 500 tweets per day. Musk initially announced more stringent restrictions but altered his mind within hours.

He did not say when the restriction would be removed. The update comes after users reported receiving “Cannot retrieve tweets” error messages.  According to the website Downdetector, which analyses internet outages, thousands of people were unable to access the social media site.

Twitter began blocking content to users who do not have an account on Friday, with Musk stating that “dramatic and immediate action was required due to EXTREME levels of data scraping.”

Data scraping is a process in which data or material is taken from one site and presented on another, frequently without permission. People could previously access information on Twitter without having to sign in. However, in recent months, the site has had technical challenges.

Musk purchased Twitter last October for $44 billion (€40.4 billion) after months of legal struggle. However, in the months following the takeover, Musk, as CEO of the company, received criticism over site management as offensive material began to appear far more frequently on the site, and advertising revenue decreased.

He then developed Twitter Blue, a premium subscription service that displays a blue checkmark to verify persons. The blue tick was originally used to authenticate influential people. However, the symbol’s status has deteriorated since it became paid. 

Mastodon sees exponential growth with 100k+ new active users

Mastodon is a German competitor to Twitter that has a similar tweet-like structure, but it emphasizes that it is user-driven and decentralized. While Twitter is administered by a single company, Mastodon is run by a network of thousands of scattered computer servers and is mostly run by volunteers.

 At the time of writing, Mastodon reported 324,000 active users.

Mastodon adds over 100+k active base users on the back of Twitter’s recent fiascoMastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

Rochko also complimented the Mastodon team for “coming to help with the infrastructure despite it being Sunday” and reposted a number of comments from long-time users and Mastodon engineers, including one post with advice for new users: 

If there was one piece of advice I could give to new Mastodon users who are finding their feeds quiet or boring, it is to follow as many people and hashtags as you can. This is not Twitter; there is no algorithm, it is not going to fill your feed with stuff it thinks you like. You have to curate it yourself. Once you do, though, it’s so much more vibrant and rewarding than Twitter has been for a year.

Courtney Heard

Mastodon has seen an increase in activity since Elon Musk, the owner and former CEO of Twitter, stated that the network would place new limits on the number of posts users can read in a day. Recent data has also revealed an alarming number of fake Twitter accounts in several communities.

Disclaimer. The information provided is not trading advice. Cryptopolitan.com holds no liability for any investments made based on the information provided on this page. We strongly recommend independent research and/or consultation with a qualified professional before making any investment decision.

文章来源于互联网:Mastodon adds over 100+k active base users on the back of Twitter’s recent fiasco

Disclaimers:

1. You are solely responsible for your investment decisions and this info is not liable for any losses you may incur.

2. The copyright of this article belongs to the writer, it represents the writer's opinions only, not represents the site's ones. Not financial advice.

Previous 2023年7月5日 19:21
Next 2023年7月5日 21:05

Related articles

  • Coinbase clarifies its stance on Indian operations amidst misinformation

    TL;DR Breakdown Reports suggesting Coinbase’s discontinuation of services in India were misleading; the company remains committed to its Indian users. Coinbase had targeted specific users violating updated standards, not the entire Indian user base, and continues to explore ways to strengthen its presence in India. Description In the rapidly evolving world of cryptocurrency, misinformation can spread quickly, leading to panic and confusion among stakeholders. Recently, reports suggested that Coinbase, one of the world’s premier cryptocurrency exchanges, was on the brink of shutting down its operations in India. These reports sent shockwaves throughout the Indian crypto community, prompting urgent clarifications from Coinbase.  … Read more In the rapidly evolving world of cryptocurrency, misinformation can spread quickly, leading to panic and confusion among stakeholders. Recently, reports suggested that Coinbase, one of the world’s premier cryptocurrency exchanges, was on the brink of shutting down its operations in India. These reports sent shockwaves throughout the Indian crypto community, prompting urgent clarifications from Coinbase.  Contents hide 1 Misleading reports cause panic among Indian users 2 Coinbase’s commitment to the Indian market 3 A brief history…

    Article 2023年9月11日
  • Tether breaks silence on account deactivation controversy

    TL;DR Breakdown The New York Attorney General (NYAG) released documents indicating that Tether deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021.  However, the company clarified that all individuals had undergone thorough compliance checks during the onboarding process, as well as ongoing monitoring, as mandated by Tether’s compliance policies. These recent developments have sparked interest and raised questions about Tether’s operations and compliance procedures.  Description Tether has responded to concerns raised about its recent operational decisions. The New York Attorney General (NYAG) released documents indicating that Tether deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021. While specific reasons for the account terminations were not disclosed, the Company has stated that it is not willing to comment on … Read more Tether has responded to concerns raised about its recent operational decisions. The New York Attorney General (NYAG) released documents indicating that Tether deactivated approximately 29 accounts belonging to prominent cryptocurrency players in 2021. While specific reasons for the account terminations were not disclosed, the Company has stated that it is not willing to comment on…

    Article 2023年6月20日
  • Uniswap lawsuit over fraudulent token sales dismissed by federal judge

    TL;DR Breakdown A federal judge in New York dismissed a class-action lawsuit against decentralized exchange Uniswap, ruling that the platform was not liable for fraudulent token sales conducted on it. The judge emphasized that due to Uniswap’s decentralized nature, the identities of fraudulent token issuers were unknown, leaving the plaintiffs with no identifiable defendant to blame for their losses. Description A federal judge in New York has dismissed a class-action lawsuit against Uniswap, ruling that the decentralized exchange was not liable for fraudulent token sales conducted on its platform. The decision has far-reaching implications for the DeFi sector and the application of existing securities laws. The lawsuit had accused Uniswap of being complicit in fraud … Read more A federal judge in New York has dismissed a class-action lawsuit against Uniswap, ruling that the decentralized exchange was not liable for fraudulent token sales conducted on its platform. The decision has far-reaching implications for the DeFi sector and the application of existing securities laws. The lawsuit had accused Uniswap of being complicit in fraud and violating securities laws by facilitating the…

    Article 2023年8月31日
  • Elon Musk denies mystery DOGE cache amid lawsuit

    TL;DR Breakdown Elon Musk has dismissed claims that he owns a stash of Dogecoin amid market manipulation allegations. Implications of the lawsuit on the wider crypto market. Description Billionaire entrepreneur Elon Musk has refuted claims of owning Dogecoin (DOGE) wallets amid an ongoing class action lawsuit that accuses him of market manipulation and securities fraud related to the meme-based cryptocurrency. Elon Musk denies involvement in market manipulation The lawsuit, amounting to $258 billion, alleges that Musk was involved in a Dogecoin pyramid scheme. … Read more Billionaire entrepreneur Elon Musk has refuted claims of owning Dogecoin (DOGE) wallets amid an ongoing class action lawsuit that accuses him of market manipulation and securities fraud related to the meme-based cryptocurrency. Elon Musk denies involvement in market manipulation The lawsuit, amounting to $258 billion, alleges that Musk was involved in a Dogecoin pyramid scheme. Filed documents on June 7, 2023, asserting that Musk sold 1.4 billion Dogecoins, valued at over $124 million, through two wallets attributed to the billionaire. This purported profit-taking supposedly occurred over two days in April when Twitter temporarily replaced…

    Article 2023年6月21日
  • Singapore Bank DBS launches innovative e-CNY payment solution for customers

    TL;DR Breakdown DBS enables customers to accept e-CNY payments, boosting cross-border commerce efficiency. Project Guardian tests asset tokenization and DeFi in collaboration with renowned platforms. DBS partners with Marketnode and other institutions, solidifying Singapore’s leadership. Description DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a major step forward, DBS has established a seamless system through which e-CNY can be directly settled into a company’s bank account, leveraging automated processes for … Read more DBS, the renowned Singaporean bank, announced today a groundbreaking development that allows its customers to accept payments in e-CNY, the digital currency issued by the Chinese central bank. In a major step forward, DBS has established a seamless system through which e-CNY can be directly settled into a company’s bank account, leveraging automated processes for efficiency and convenience. Remarkably, one of DBS’s customers has already completed a purchase using this innovative solution. This significant milestone stems from DBS’s collaboration with the Monetary Authority of Singapore on…

    Article 2023年7月7日
TOP