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Topic: Facebook bans crypto advertising. Then says it’s working on its own crypto coin. (Read 152 times)

newbie
Activity: 196
Merit: 0
Facebook is the absurd decision to ban crypto advertising until this time. Facebook is a digital medium and crypto is digital on par. The prohibitions that need to be supported are not good.
newbie
Activity: 196
Merit: 0
I'm not surprised. The reason for the ICO ban on facebook was not because facebook was against cryptos, rather it was because of the fact that people were being scammed on facebook using ICO Ads and in order to protect their users from falling victims to these scams further they decided to ban it on their platform.
newbie
Activity: 266
Merit: 0
Facebook decision is really disappointed because they know the future value of btc so they wants to apply their own and they are learning about blockchain system but I hardly believe that their project of their own coin will failed because bitcoin already establish currency and in the 1st position so they can’t beat with btc so investing on btc is great and they banned advertise of btc also but already people knows more about btc because of their profitability.
jr. member
Activity: 140
Merit: 1
If facebook given a chance to operate and made their own cryptocurrency coin, I think it can be easily become popular, and it will also helps the total development of cryptocurrency business, that causes more people interested easily to join cryptocurrency because of the direct informations using facebook.
full member
Activity: 448
Merit: 100
"The biggest management reshuffle in Facebook’s history has revealed the social network’s intentions to develop blockchain technology, though it is not yet clear for what purpose.

David Marcus, the former head of Facebook Messenger, announced this week that he will lead an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.

Mr Marcus made the announcement in a Facebook post on Tuesday, 8 May, following rumours that Facebook CEO Mark Zuckerberg is interested in creating his own cryptocurrency. But very few details were given about what Mr Marcus's team will actually be working on. "

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-launch-bitcoin-blockchain-david-marcus-a8343261.html

Honestly, a lot of people saw this coming. But I can't think of a reason why anyone would want to buy their coins Grin

There is so much that Blockchain technology can do in our world. Not every project using blockchain technology has to be coins but let me say that people would rather like to buy the coins of facebook than some altcoins. It has to do with experience
newbie
Activity: 252
Merit: 0
There is an inconsistency in different perspectives actually. Some are saying banning the advertisement Facebook has taken a good decision because there were frauds who took advantages of it and mislead the advertisements. On the other hand, many people are worried as it may have an adverse effect on the price of crypto currency.
legendary
Activity: 2716
Merit: 1225
Once a man, twice a child!
"The biggest management reshuffle in Facebook’s history has revealed the social network’s intentions to develop blockchain technology, though it is not yet clear for what purpose.

David Marcus, the former head of Facebook Messenger, announced this week that he will lead an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.

Honestly, a lot of people saw this coming.
I make bold to say I was one of those who saw this coming. It's a business strategy and the domineering Mark Zuckerberg wouldn't want to miss out on a juicy pie like cryptocurrency. Just like Bill Gates has a share in the lucrative Facebook, so also will Zuckerberg want to have his fingers in anything lucrative. I am not surprised at all.


But I can't think of a reason why anyone would want to buy their coins Grin
You wonder? Well, chances are that once a crypto for Facebook emerges fans of the social medium will fall over themselves to acquire it. And don't be surprised if it gives Bitcoin a good run.
full member
Activity: 1078
Merit: 102
Good day. If its true that Facebook will have their own crypto then I won't hesitate to invest once ICO starts. Facebook earns millions and investing on it will surely be a good decision. I'll keep an eye on it. I'll make sure I'll have ready.
newbie
Activity: 168
Merit: 0
I think people are more than willing to invest in coins backed with trusted names and proven teams.

Especially with Facebook. Well I just hope it won't have any huge privacy issues but we'll see.
newbie
Activity: 168
Merit: 0
Crypto coin is a serious thing and facebook lost trust all over the world.
This will lead them to shutdown and in my opinion they are not going to do their own crypto coin soon.


Yeah Idk just how much people are going to trust them after the whole privacy fiasco. I really hope they don't end up pulling through.
legendary
Activity: 1218
Merit: 1001
Crypto coin is a serious thing and facebook lost trust all over the world.
This will lead them to shutdown and in my opinion they are not going to do their own crypto coin soon.
full member
Activity: 532
Merit: 114
I think people are more than willing to invest in coins backed with trusted names and proven teams.
jr. member
Activity: 328
Merit: 1
That is what makes me confused, really do not understand what facebook want to do.
Independence occupies the market sure?
Let them keep dreaming Grin Grin Grin
newbie
Activity: 140
Merit: 0
This is interesting! I could remember when I posted on Facebook about a bounty I was advertising and was amazed when I got a reply from Facebook shortly, stating that my post has been deleted, that was when I realized that it seem there is a ban on advertising about cryptos on Facebook. On the other hand, if Facebook tend to release their own coin, that project will attract millions of investors across the globe because Facebook have already made a name and have good reputation.
hero member
Activity: 2702
Merit: 510
Leading Crypto Sports Betting & Casino Platform
"The biggest management reshuffle in Facebook’s history has revealed the social network’s intentions to develop blockchain technology, though it is not yet clear for what purpose.

David Marcus, the former head of Facebook Messenger, announced this week that he will lead an exploratory blockchain group that will report directly to the company’s CTO, Mike Schroepfer.

Mr Marcus made the announcement in a Facebook post on Tuesday, 8 May, following rumours that Facebook CEO Mark Zuckerberg is interested in creating his own cryptocurrency. But very few details were given about what Mr Marcus's team will actually be working on. "

https://www.independent.co.uk/life-style/gadgets-and-tech/news/facebook-cryptocurrency-launch-bitcoin-blockchain-david-marcus-a8343261.html

Honestly, a lot of people saw this coming. But I can't think of a reason why anyone would want to buy their coins Grin
I just try to get some point but it looks like that news still included on the prediction about the future roadmap of facebook company. This is still a speculation and it needs the more confirmation to the facebook company itself especially from zuckerberg.
jr. member
Activity: 224
Merit: 2
all that relate to facebook I'm sure there will be a good project and then they forbid advertising it to avoid fraud
hero member
Activity: 1092
Merit: 504
★Bitvest.io★ Play Plinko or Invest!
I don't think how about you but I still see masked cryptocurrency adds on my facebook dashboard.
newbie
Activity: 238
Merit: 0
I think Facebook took a good attempt towards cryptocurrency. There are millions of users of facebook . Itroducing blockchain system over here would prove to be quite profitable.
jr. member
Activity: 166
Merit: 1
Well, they are really two different matters, Facebook banned ICO ads but that doesn't mean that they are against cryptocoins. However, it is striking that facebook wants to launch its own cryptocoin considering that the basis of the crypto ecosystem is trust and Facebook suffers a crisis of confidence due to the Cambridge Analytica scandal.
newbie
Activity: 266
Merit: 0
why there are afriad of other coins , if they want to make their own i don't have any proble, but why they are blocking others or crypto related ads. maybe they are not confident enough about their upcoming coins.
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