Twitter has suspended the account of the AI-powered bot “Explain This Bob,” which was linked to a popular meme-coin after Elon Musk accused it of promoting a “scam crypto.” Musk made the allegation in a tweet on June 18, in response to the bot. The account was suspended shortly after Musk’s tweet. The incident highlights the ongoing debate around the use of AI bots to promote cryptocurrencies and the potential risks associated with it. It also shows the power of social media in shaping the perception of cryptocurrencies and their associated technologies.
The move by Twitter to suspend the AI bot, which had attracted significant attention due to its affiliation with the meme coin, demonstrates the platform’s efforts to tackle potential scams and misinformation. With its algorithmic trading tactics, the bot “Explain This Bob” attracts over 400,000 followers due to its unique characteristics. Prabhu Biswal of India designed these bots, and they use OpenAI’s GPT-4 model to comprehend tweets and reply to tagged individuals.
The project looks to be linked to the ERC-20 meme token, Bob Token (BOB), which was scheduled to launch in April 2023. According to CoinGecko, the price of BOB has dropped by more than 30% as a result of the suspension. This ban has notably contradicted Musk’s previous evaluation of the bot. On April 20, he expressed his fondness for Bob in a tweet, which was featured on the project’s website.
Notably, Twitter did not promptly suspend the account associated with Bob Token, and in response to the suspension, the project’s team shared a meme featuring Musk overseeing a distressed “Bob” in a prison-like setting, adding a touch of humor to the situation.
After Explain This Bob’s account was suspended, rumors started to circulate about Elon Musk’s intentions. Some claimed that they believed the AI bot was used as a marketing gimmick to drive up the price of the BOB token. The hashtag “FREEBOB” has gained steam on Crypto Twitter in response to the suspension. Many observers contest the notion that BOB Token is a scam coin and cite various reasons why the account should not have been suspended. They emphasize that the token’s ICO was fairly organized and that BOB is a completely decentralized currency with a 0% tax structure. Further supporting the case for the authenticity of the Bob Token are accusations that the project team held off on airdrops and token distributions before the token’s launch in April.
Industry professionals keep a careful eye on the issue as it develops and is interested to see how the story surrounding Explain This Bob and the BOB Token will develop in the coming days.
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