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Topic: Is Facebook against Bitcoin? - page 13. (Read 2708 times)

jr. member
Activity: 168
Merit: 1
October 19, 2018, 03:38:41 PM
#9
Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of facebook can post crypto and Bitcoin related topics on facebook without any penalty.
yes actually I have known this since yesterday, when facebook tried to ban cryptocurrency actually their goal was to reduce a lot of scams that occurred in Facebook ads because of the many scams committed by ico who were not responsible, and many of the facebook community reported ico, maca from that facebook banned adverts related to cryptocurrency. but from the latest news that I am now Facebook has unbanned cruptocurrency and is more selective of which ads could potentially scam
legendary
Activity: 3080
Merit: 1353
October 19, 2018, 03:29:26 PM
#8
Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of facebook can post crypto and Bitcoin related topics on facebook without any penalty.

Similar or related threads:

Facebook lifts ban on crypto ads
Facebook reverse crypto advertisement ban
Facebook lifts crypto advertisement ban amid rumors of coinbase takeover



There are also some rumors that Facebook is going to launch its own currency although I don't believe much in that.

Well that rumor has been circulating for month, Facebook Plans to Create Its Own Cryptocurrency. There's too much money to made in crypto perhaps they wanted a piece of the action. So don't be surprise in the next 2-5 years if they released their own tokens to facilitate some form of payment on their social platform.
Zrs
sr. member
Activity: 299
Merit: 250
October 19, 2018, 03:20:00 PM
#7
Facebook just only ban bitcoin advertisement in facebook. Actually facebook did this just to stay at the safe zone if any project scam but it makes huge loss for facebook. But it also let people to discuss about bitcoin and crypto.
legendary
Activity: 2912
Merit: 1068
WOLF.BET - Provably Fair Crypto Casino
October 19, 2018, 03:12:11 PM
#6
I wouldn't say that Facebook is against Bitcoin but they are very cautious and trying to protect their users.
Having in mind how huge user network they have, they have some responsibilities. And the great deal of money that is coming from advertising. But some crypto adds might be connected with scams and they don't want to have anything with that or take some responsibility.
There are also some rumors that Facebook is going to launch its own currency although I don't believe much in that.
member
Activity: 322
Merit: 11
October 19, 2018, 03:07:17 PM
#5
Facebook is a commercial platform. They wanted to ban cryptocurrency ads, but then they changed their minds.

They did not want to lose millions of dollars from the ads they received.
jr. member
Activity: 84
Merit: 1
October 19, 2018, 02:58:33 PM
#4
I guess Mark Zuckerberg is planning to promote his own crypto. As we all know that there are lots of money involve if Facebook is gonna tokenize every products and services that they offer online. There's a very high possibility of success since Facebook has already build a name and there's no need to pay for advertisements online. I guess this is one of the main reasons why Mark is banning paid crypto ads in Facebook. This is just my own opinion though since Mark is a businessman and he won't let this opportunity to make a single dime out of this awesome technology pass.

I'm surprised that there isn't news about this already....I would think it has been discussed
member
Activity: 420
Merit: 24
October 19, 2018, 02:53:51 PM
#3
I guess Mark Zuckerberg is planning to promote his own crypto. As we all know that there are lots of money involve if Facebook is gonna tokenize every products and services that they offer online. There's a very high possibility of success since Facebook has already build a name and there's no need to pay for advertisements online. I guess this is one of the main reasons why Mark is banning paid crypto ads in Facebook. This is just my own opinion though since Mark is a businessman and he won't let this opportunity to make a single dime out of this awesome technology pass.
hero member
Activity: 784
Merit: 672
Top Crypto Casino
October 19, 2018, 02:43:53 PM
#2
It is actually right that in the world of Bitcoin and cryptos there are many villains that try their best to disrepute this world by doing scams on larger scale. On lower scale the scams can be negotiable but the larger scammer sharks are havoc to the world of cryptos.

Facebook and other social media platforms might also have had faced huge losses due to inflation and sudden strikes in the price of Bitcoin and other cryptos. That can also be the reason for them to not accept and allow Bitcoin and others for paid advertisements.
newbie
Activity: 14
Merit: 1
October 19, 2018, 02:16:28 PM
#1
Facebook is not against Bitcoin but rather intends to avoid the situation of misleading its community members through its paid advertisement. Users of facebook can post crypto and Bitcoin related topics on facebook without any penalty.
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