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Key information:
...users who choose not to pay the fee will still be able to follow other accounts and read posts for free.
Those who don’t pay to unlock the option to post will get it free of charge after a period of three months.
Bald-faced lie:
In a post on X, Musk told a user that a “small fee” to let new accounts post on the platform is the “only way to curb the relentless onslaught of bots.”
Musk is not stupid enough to believe this. He understands proof of work and why it was invented (spam prevention). He's lying to condition everyone into giving up their payment info as a part of the signup process. If he was actually interested in controlling bots he could easily integrate proof of work spam prevention and/or a lightning based microtransaction fee to post or like. But he won't do that because it runs counter to his actual motivation.
For those paying attention, this is another step down the road of Musk's grand plan to build the WeChat of the west. He is turning Twitter into a dystopian financial surveillance and social control tool. You need CC processors as intermediaries to make this system work. It can't be built on bitcoin. Musk is an enemy of bitcoin. Don't forget it.