This statement should not come from the mouth of a platform product leader, especially considering that this product leader is also an advisor to @solana.
X, as the most important real-time information and discussion platform in the world, has product decisions and public statements that carry significant public nature and influence. Nikita Bier, as Head of Product, summarizes the entire cryptocurrency industry with emotional and labeled language such as “all wealthy people have left, leaving only American teenagers forcing poor people to do embarrassing things,” which is neither professional nor constructive.
More importantly, there is a conflict of interest; serving as an advisor to Solana, while the Solana ecosystem largely relies on retail users, meme coins, and active on-chain interaction. He publicly belittles “retail noise” and “teen behavior,” yet provides advice for a blockchain project that heavily relies on these users, making it difficult not to question the neutrality of his position.
To take a step back, even if cryptocurrency is currently in a period of adjustment, its actual contribution to the X platform is far from “dispensable.” According to Grok data, approximately 25 million users interact with cryptocurrency-related content daily, accounting for about 10-12% of X’s overall daily active users.
The average interaction rate of cryptocurrency-related accounts is also higher than the platform's overall average level (about 4.2% vs 2.9%). Even during bear markets, this segment of users still contributes a significant amount of impressions, Premium subscription value, and the activity of the advertising ecosystem.
An executive responsible for the platform's product experience publicly "judging" a vertical industry that continues to contribute significant traffic and vitality to the platform with such a simplified negative narrative will not only harm the cryptocurrency community's trust in the fairness of X's algorithm but can also be easily interpreted as “eating from the bowl while criticizing the pot.”
The above comments are from Grok!
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