Summary
TLDR: X, formerly Twitter, is facing a deepfake problem with fake videos promising crypto airdrops. These scams are becoming more sophisticated and pose a security risk for users. X is making money off these scams without making a visible effort to confront them. The situation is worsened by the exodus of major advertisers and the development of new AI tools that could make deepfakes more common. The crypto industry needs to address this issue and consider alternative social media platforms to combat the problem.
Key Points
1. X, formerly Twitter, is facing a deepfake problem that could potentially end its role as the premier social platform for the crypto industry.
2. Scam videos using deepfake technology, featuring prominent figures in the crypto industry like Michael Saylor and Brad Garlinghouse, are circulating on X, luring users with fake opportunities for crypto airdrops.
3. The situation is exacerbated by the fact that X is profiting off these scam videos tagged as advertisements, without taking visible steps to address the issue, raising concerns about security risks and the credibility of the platform.