Note that dipfyck technology is already hindering the blockchain industry. Binance, a cryptocurrency exchange, talked about it last week. It turns out that the use of artificial intelligence is already making it possible to bypass verification procedures, that is, to deceive operators of such services. The technology is becoming more sophisticated with each passing day, which raises concerns.

However, it is still possible to solve the problem – albeit in a rather strange way.

Why use the Bitcoin network?

Saylor noted that the problem of bots, fake social media accounts and artificial intelligence could lead to a real disaster. Here’s his rejoinder to that.

The risk in cyberspace is that I could create the appearance of a billion fake people and start a civil war – for example, pitting Republican bots against real Democrats or making fake Democrats hate real Republicans.


Recall that major incidents involving Twitter have already happened. In particular, in the summer of 2020, there was a major hack of popular users of this social platform represented by stars, politicians and other famous people. Fortunately, the scammer was not able to use the opportunity in a bad way and only focused on making money. However, even that only brought him about $120,000 in BTC, which can hardly be called a serious result.


According to Cointelegraph’s sources, Saylor’s Twitter followers have surpassed 3 million units. He himself estimates that up to 2,000 bots subscribe to him every day. All of these social media accounts can create the appearance of lively debate between people and shape public opinion. And dipfakes can even create fake videos and photos of anyone, which also creates risks.

How can this be countered? Michael believes that the answer here is the concept of decentralised digital identification. That is, confirmation of a person’s real identity would be handled by a blockchain for a certain fee. In that case, it would be too expensive to maintain bot farms of millions of accounts. Here’s Seylor’s idea.

If someone wanted to run a billion bots on Twitter, it would cost them a billion transactions. By combining the capabilities of cryptography with those of a decentralised network like Bitcoin, we can bring value and consequences to cyberspace.


Such an idea sounds rather strange for a Bitcoin network. Still, on the eve of the first cryptocurrency blockchain, the NFT based on the Ordinals protocol and the so-called BRC20 tokens were not successful. The hype around these phenomena led to overloading of the BTC network and an increase in transaction fees, which reached $30 per transfer the day before. Against this backdrop, some top developers even suggested that such transactions should be censored. In this regard, using BTC blockchain to validate accounts on the popular social network seems redundant.

Most likely, in this case, Sailor is simply looking for uses for the first cryptocurrency that would raise demand for it. After all, MicroStrategy is the largest holder of BTC among public companies. The giant has managed to accumulate 140,000 coins at an average price of $30,000.


MicroStrategy is also among the partners working on new digital identity concepts for individual and corporate customers. Again, however, the idea of using Bitcoin specifically for this is unlikely to make cryptocurrency fans happy.

If Bitcoin’s blockchain is actively used for digital identification, the cost of transactions on the network due to user competition will again increase dramatically due to the workload of miners. For such purposes, it would be better to use other projects whose throughput is much higher than that of the main cryptocurrency. For example, Solana, Avalanche or Polygon might be the right ones.

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In general, the prejudices of many governments may be a barrier to the implementation of Seylor’s designs. The day before, authorities in Bali province in Indonesia announced a crackdown on the use of cryptocurrencies by tourists as a means of payment. Here is a relevant quote from Bali Governor Wayan Koster on the matter.

Harsh measures range from deportation, administrative sanctions, criminal penalties, business closures and other sanctions.

Koster said Indonesia’s currency, the rupiah, is the only currency that can be legally used for payments in the country. The use of other currencies carries a maximum possible penalty of one year in jail and a fine of 200 million rupiah, that is $13,000.

Twitter users did not quite appreciate such an initiative by the authorities. It is possible that such statements do nothing more than scare away tourists, who immediately feel they are not being adequately treated for their actions. After all, paying rent on a moped in a crypt is hardly a “crime” that should be punished with imprisonment.


We believe that such ideas from Michael Saylor resemble attempts to increase Bitcoin's popularity at all costs. That said, it is clear that Twitter or any other similar service would not make such verification mandatory, as clearly only a small portion of the platform's entire audience interacts with digital assets. Accordingly, such a move would, in theory, only serve to scare off people who still do not use cryptocurrencies. However, Seylor hardly cares - he is hardly here to solve the bot problem in the first place.