I am not okay with a random group of people being able to decide whether or not someone is trustworthy. I prefer the checkmark to mean this person pays x dollars versus this person has been deemed worthy of a secret group of people at a company that has massive bias issues.
The checkmarks won't be a status symbol anymore, but the masses will want their tweets prioritized.
Is that what you think when you see a blue check?
this is basically how it operated before, except with political bias
That's the exact problem with the blue checkmarks. I've seen plenty of complete loons with that mark on Twitter spewing utter racist or bigoted garbage. At least now the criteria of receiving the blue mark of coolness are getting clear and the same for everyone.
However, there is a lag time between when the status-conferring benefits end and the semantics of the blue check mark in the minds of users catches up. They can potentially make a lot of money in that lag time and bootstrap a new valuable semantics around the verified label.
I expect more changes are ahead that might address these concerns.