Bitrabo Editorial
The recent accusations made by Elon Musk against the popular AI-powered bot Twitter account called “Explain This Bob” has caused a lot of buzz on the platform. Musk claimed in a tweet that the account was a “scam crypto account,” which led to Twitter taking immediate action.
After Musk’s allegations, Twitter suspended the account, sparking more debate about the intersection of cryptocurrencies and AI.
The suspension of the account, known for its ability to explain complex concepts with humor, has left the cryptocurrency community and AI enthusiasts wondering about the reasons behind Musk’s claims.
This sure looks like a scam crypto account. If so, it will be suspended.
— Elon Musk (@elonmusk) June 18, 2023
‘Explain This Bob’ Suspended On Twitter
The ‘Explain This Bob’ account, created by Prabhu Biswal from India, used OpenAI’s advanced GPT-4 model to understand and respond to tweets. Before being suspended, the account had gained over 400,000 followers.
In a tweet on June 18, Musk expressed doubts about the legitimacy of the bot.
In his tweet, Musk wrote, “This sure looks like a scam crypto account. If so, it will be suspended.”
This accusation was a significant shift in Musk’s perception, as he had previously tweeted “I love Bob” in response to one of the account’s tweets on April 20.
I love Bob
— Elon Musk (@elonmusk) April 19, 2023
Interestingly, this tweet was prominently featured on the project’s website, highlighting the sudden change in Musk’s stance towards the AI-powered bot.
Elon Musk: Impact On Bob Token (BOB)
The suspension of the Explain This Bob account also affected the associated ERC-20 meme coin, Bob Token (BOB), introduced in April. After the suspension, the price of BOB experienced a significant decline of over 30%. However, it has since recovered slightly, with a 10% increase in value over the past 24 hours, according to data from CoinGecko.
As of today, the market cap of cryptocurrencies stood at $1 trillion. Chart: TradingView.com
While Twitter took action against the Explain This Bob account, no similar action was taken against the account associated with Bob Token. The project’s team responded to the suspension with humor, sharing a meme showing Elon Musk monitoring a distressed “Bob” in a prison setting.
#FREEBOB pic.twitter.com/SOUm7opQ7o
— Bob (@BobEthToken) June 18, 2023
In response to the suspension, the hashtag “FREEBOB” gained traction on Crypto Twitter. Many believe that Bob Token is not a scam coin and that the suspension was unjustified. They argue that the token’s launch was fair and emphasize that BOB operates as a fully decentralized currency.
Some observers speculate that Elon Musk sees Explain This Bob as a marketing tactic to artificially inflate the price of BOB.
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