The Hypocrisy Behind Facebook Banning Crypto Ads

ultrloa

legendary

Activity: 2758

Merit: 1228

Quote from: Jating on April 19, 2020, 08:06:04 AM

Quote from: palle11 on April 16, 2020, 05:30:50 PM

Anyway to add to the going discussion. The ban then was more of Libra fighting in I think. Maybe it was meant to create space for one Libra on Facebook. The ban issue is now a thing of the past. The crypto adds are making good market for the SM and data sellers too.

Perhaps they really know that they will be put in the spotlight if they wanted to go by that route. But assuming they continue to ban it today, then they are the one who are going to suffer the consequences of such bans and not the crypto industry and we can continue to move forward without influencers using their social media platform.

Unfortunately, they wanted to go and join crypto sphere as well with their Libra coin and working very hard to look like they are pro crypto after all.

They don't need that anymore although it contributes but their fame already made them more attractive and if you can see the libra got the spotlight since its been on the topic for several months and since it related to facebook for sure many big whales are into it.

but I since they join the atmosphere for sure the crypto banning will be lift in future since libra needs other alts to became more establish well.

Jating

hero member

Activity: 2842

Merit: 772

Quote from: palle11 on April 16, 2020, 05:30:50 PM

Anyway to add to the going discussion. The ban then was more of Libra fighting in I think. Maybe it was meant to create space for one Libra on Facebook. The ban issue is now a thing of the past. The crypto adds are making good market for the SM and data sellers too.

Perhaps they really know that they will be put in the spotlight if they wanted to go by that route. But assuming they continue to ban it today, then they are the one who are going to suffer the consequences of such bans and not the crypto industry and we can continue to move forward without influencers using their social media platform.

Unfortunately, they wanted to go and join crypto sphere as well with their Libra coin and working very hard to look like they are pro crypto after all.

palle11

sr. member

Activity: 2310

Merit: 332

Anyway to add to the going discussion. The ban then was more of Libra fighting in I think. Maybe it was meant to create space for one Libra on Facebook. The ban issue is now a thing of the past. The crypto adds are making good market for the SM and data sellers too.

Slow death

legendary

Activity: 2968

Merit: 1095

Leading Crypto Sports Betting & Casino Platform

Quote from: eulaellison on April 11, 2020, 02:02:10 AM

I understand what you mean,

but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.

this is the main point that many people do not want to notice, besides facebook have a owner and the owner has the right to do whatever he wants, the owner of facebook also has a duty to respect the laws of governments. Facebook is a business that needs to generate profits and have a good reputation with the governments, they will not risk losing profit and reputation because of scam projects

pragna

full member

Activity: 1582

Merit: 101

Quote from: LTU_btc on January 02, 2020, 07:53:54 PM

Since when Facebook lifted ban of cryptocurrency ads? I haven't saw any news about it and I can't find any source which would confirm it. And I haven't saw any cryptocurrency ads on my Facebook feed recently.
EDIT. I haven't noticed link to article initially.
Anyway, should we be surprised about Facebook behaviour? They are just doing what is best for their business. And they don't care it's hipocrisy or no.

Yes, i also think it was their business stand here. When Facebook company saw that crypto communication massively exploring through their page, then they taken that decission and when i posted some news or ads about crypto they delete that.

Actually nobody can not give any third party to do business using his platform or patent. As companies earning huge by many of their projects so why they will not give commission to Facebook? i think here Facebook is legal to their aim. On the other hand they think future of crypto currency is bright so that they made their own crypto platform. Nothing else.

Mpamaegbu

legendary

Activity: 2688

Merit: 1208

Once a man, twice a child!

Honestly, that era of ban in January 2018 was a rude shock and some of us felt it was a big blow to the crypto space. Well, it was a hit momentarily but industry seems to have outgrown such now. And BTW, I don't think Facebook and its allies have totally removed the ban because one can't type a crypto URL without Facebook making a shortcut out of it. I guess Mark was just preparing the way for his Libera which now looks like a dead dream with that 2018 ban.

TravelMug

hero member

Activity: 2632

Merit: 833

Quote from: eulaellison on April 11, 2020, 02:02:10 AM

I understand what you mean,

but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.

Well the project is that there are many people in crypto sphere blindly invest on a project without doing their investigations and due diligence. That's why scammers are not stopping because there are people who are still falling for their trick

Yes, banning crypto ads can perhaps lessen, but it still up to the individual if they wanted to be the next victims of scam projects plowing around crypto market. You can protect yourself by learning and getting educated on how this market operates. No easy and free money here.

eulaellison

newbie

Activity: 13

Merit: 0

I understand what you mean,

but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.

Harlot

hero member

Activity: 1806

Merit: 671

Even if this ban was lifted last May of 2019 I very rarely see any crypto related ads surfacing around my Facebook's social feed. I know that FB knows that I am interested with crypto since I have joined several crypto related groups and I have used their search engine a lot so this should result that I have to see at least crypto related ads once or twice a day but I don't. Maybe the crypto-industry doesn't want to get involved with Facebook even though they are one of the highest traffic websites out there. It may be related to them not having success with crypto marketing in FB or all of the crypto projects in the industry are just against FB's Libra that is why they don't want Zuckerberg to be earning anything from them.

Sadlife

sr. member

Activity: 1400

Merit: 269

Upon lifting the Crypto ads ban i thought facebook finally see the potential of cryptocurrencies. But it's has been also in an article or crypto news in Youtube that Libra isn't really a cryptocurrency, it is the same as digital asset that's backed with fiat currency so it might be the same as a Stablecoin.
I thought at first that it was a good development for Cryptocurrency and will benefit the adoption, especially if one giant company developing it, but it's really not.

Caketea

newbie

Activity: 4

Merit: 0

It's quite typical of elites and CEOs to bash crypto and discourage regular folk from adopting it too soon, only to turn around and buy up millions worth of btc and alts when no one is looking, prepared to sit on it for the next 20+ years. Pay attention to what they do, not what they say.

Facebook bans crypto ads simply because they understand how lucrative the industry is, and has plans to get into the game themselves. This is what you get with predatory monopolies, nothing less. Their hypocrisy is merely a function of their boundless greed. No doubt, many other powerful corporations will follow in their footsteps once they view crypto as a sure thing.

Baoo

full member

Activity: 854

Merit: 115

The whole social media ( such as, Facebook, Google, Twitter ..ect ) is controlled by the governments like, US. So this crypto ads banning is not created by Facebook in my opinion, and remember that the coin of Facebook ( Libra ) will launch in the near future, but despite all of these obstacles and issues against crypto, the market is still going up due to the king Bitcoin is on the TOP , as a beginning of this year, there is a good progress or development over time.

carlfebz2

hero member

Activity: 2926

Merit: 722

Quote from: abel1337 on February 23, 2020, 04:46:35 AM

Quote from: TheGreatPython on February 20, 2020, 01:21:03 PM

The main reason why facebook banned some of the cryptocurrency advertisements was only because of the increasing number of scam projects into the ICO industry. These scam projects usually utilized facebook, instagram, etc to attract a decent amount of investors by showing them immense profits and a number of investors lost their funds in such projects.

Hundreds and thousands of people might have reported these kind of acts to facebook which forced them to ban the cryptocurrency ads. They have recently started developing Libra coin which would indeed be their utility token and hence there was a need to uplift this ban. I can't see anything erroneous.

There were numerous project before I remembered that has an advertisement on Facebook that has a millions of active user worldwide, A project holder before would basically thinks that Facebook and other social media sites is the best way to gather potential investors to their project, But Facebook and other social media sites take the change to let themselves not be involved on what kind of project scenario will it turn someday. There's also a chance that Facebook likely eliminates their potential competitors since Facebook is having their own coin. Plus these social media platform is centralized and if they allow some decentralized projects to take their ads services, Their users might realize something about the decentralization and might endanger the centralized social media platforms like Facebook, Instagram and others.

It will surely open up the idea where people or facebook users would really have the chance on knowing on what decentralization is but i dont
see that this do included one of the reasons why its being banned.The thing on my mind for the main ones is that they dont like for their
platforms to be tagged up negative yet we know that there are lots of scam projects that do advertise to this platform which means
if their users been scammed due to that project and since it had been advertise thru fb then for sure they would partly took up the blame.

Rodeo02

hero member

Activity: 1302

Merit: 577

avatar and signature space for rent !!!

Quote from: Moshaid on February 14, 2020, 05:32:33 AM

Since people started clamouring about the Facebook ads ban, I have never for once experienced the ban because I still keep seeing several cryptocurrency ads on my timeline from users account to sponsored ads. By the way, I haven't heard any news about the Facebook cryptocurrency (Libra Token) for a while now, have the team stopped development or they're keeping things lowkey for now?

They will accept any ads from thier sites because its all payed even we report something suspicious ads we dont even know if the ads will be remove.

I dont know anything about libra i am more focus in other coins than this one since i dont see any benefit in me having that coins.

big_hercules

newbie

Activity: 9

Merit: 0

I think facebook acted in bad faith, but in a war all means are good. They eliminated competitors even before their appearance. It was a strategic plan against other players

abel1337

legendary

Activity: 2464

Merit: 1145

FOCUS

Quote from: TheGreatPython on February 20, 2020, 01:21:03 PM

The main reason why facebook banned some of the cryptocurrency advertisements was only because of the increasing number of scam projects into the ICO industry. These scam projects usually utilized facebook, instagram, etc to attract a decent amount of investors by showing them immense profits and a number of investors lost their funds in such projects.

Hundreds and thousands of people might have reported these kind of acts to facebook which forced them to ban the cryptocurrency ads. They have recently started developing Libra coin which would indeed be their utility token and hence there was a need to uplift this ban. I can't see anything erroneous.

There were numerous project before I remembered that has an advertisement on Facebook that has a millions of active user worldwide, A project holder before would basically thinks that Facebook and other social media sites is the best way to gather potential investors to their project, But Facebook and other social media sites take the change to let themselves not be involved on what kind of project scenario will it turn someday. There's also a chance that Facebook likely eliminates their potential competitors since Facebook is having their own coin. Plus these social media platform is centralized and if they allow some decentralized projects to take their ads services, Their users might realize something about the decentralization and might endanger the centralized social media platforms like Facebook, Instagram and others.

TheGreatPython

sr. member

Activity: 2520

Merit: 329

The main reason why facebook banned some of the cryptocurrency advertisements was only because of the increasing number of scam projects into the ICO industry. These scam projects usually utilized facebook, instagram, etc to attract a decent amount of investors by showing them immense profits and a number of investors lost their funds in such projects.

Hundreds and thousands of people might have reported these kind of acts to facebook which forced them to ban the cryptocurrency ads. They have recently started developing Libra coin which would indeed be their utility token and hence there was a need to uplift this ban. I can't see anything erroneous.

fullhdpixel

hero member

Activity: 2786

Merit: 606

Quote from: Moshaid on February 14, 2020, 05:32:33 AM

Since people started clamouring about the Facebook ads ban, I have never for once experienced the ban because I still keep seeing several cryptocurrency ads on my timeline from users account to sponsored ads. By the way, I haven't heard any news about the Facebook cryptocurrency (Libra Token) for a while now, have the team stopped development or they're keeping things lowkey for now?

They have not actually stopped developing the libra coin but they are taking some time to update the news about the development. Facebook perhaps might be in that hurry to launch their own coin. They have just mentioned the concept but no legal source is been published for the circulation of libra coin.

Facebook is the most widely used social media platform with a number of users and they might surely find benefits after the launch of libra coin but they would need some strong development behind the screen and this would surely take some time. Facebook allows cryptocurrency ads and even I can see some ads on my timeline. Perhaps they only have uplifted the ban because they themselves are launching a crypto coin which would be a major coins used on their platform globally.

chimdikweks

newbie

Activity: 22

Merit: 0

Quote from: christian07 on January 02, 2020, 10:31:19 PM

Yes it happen like social media facebook ban different crypto related because they think negative about this like scam or hack here like they promote this with their social media facebook in some ways then actually i never think they will launch their own digital currency base in what they do like banning ads that related with crypto but unfortunately government need a lot of permit before they launch this and they not pass all of that still i think in future this can run or launch like facebook will provide all permit then pass

Its really hypocritical of them to do such in the first place, i mean, why ban something when you will actually go into it in the first place, its amusing, i see them as a global brand and i don't see reasons why they should fill challenged and decide to ban crypto adverts, they have the platform, population and every other thing to create a powerful token without been affected by other crypto brands and at the end they decide to go into something that they disowned, its amusing

Moshaid

copper member

Activity: 546

Merit: 1

Since people started clamouring about the Facebook ads ban, I have never for once experienced the ban because I still keep seeing several cryptocurrency ads on my timeline from users account to sponsored ads. By the way, I haven't heard any news about the Facebook cryptocurrency (Libra Token) for a while now, have the team stopped development or they're keeping things lowkey for now?

Topic: The Hypocrisy Behind Facebook Banning Crypto Ads (Read 609 times)