The Hypocrisy Behind Facebook Banning Crypto Ads - page 2.

Kupid002

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Quote from: iv4n on February 13, 2020, 06:54:31 PM

>snip<

Well as of now facebook is much more popular in terms of easy communication in your love once and friends .
All you mention is crypto related websites not for communication but mostly use for blog and any other update connected to crypto currency.
There is no one created the same as facebook that you can easily communicate and give updates to what you are doing .

iv4n

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Quote from: pinoycash on January 29, 2020, 11:43:32 PM

What can you expect with facebook, its a centralized and selfserving company. If there's only an alternative that i can connect with friends i will skip using facebook all together.

There are some good platforms that reward people for using them, steemit, publishx0, some tries on tron network, but I think we are still waiting for some big blockchain social network. People spend time online and people would like to get paid for their time. We already have nice browsers that pays for using them, just for surfing the internet, browsers that pays you to watch ads, and soon we will have social network in the same manner, when that appears people will forget facebook.

pinoycash

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What can you expect with facebook, its a centralized and selfserving company. If there's only an alternative that i can connect with friends i will skip using facebook all together.

Kakmakr

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Leading Crypto Sports Betting & Casino Platform

The banning of all Crypto currency related advertisements was mostly due to a herd mentality that existed at the time, because when one large social media company does something, the rest will soon follow their example. During that time a lot of ICO scams was doing the rounds and these social media giants received a lot of complaints from people who got scammed.

They took drastic preventative measures to ban all Crypto currency advertisements in an attempt to protect their users. The ICO scene has since collapsed and there are a lot less ICO related scams, doing the rounds.

Since the introduction of Libra, Facebook decided to revisit the "blanket ban" on all Crypto currency related projects, to allow their own token to be advertised on their platform. < Centralized authority can misuse their decision making powers > Angry

Fatunad

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Quote from: rijaljun on January 19, 2020, 12:58:38 PM

However, the ban at least can hinder scam projects from getting people's money, especially those who don't really understand about cryptocurrency.

For me it's more to save their users from falling to scam than becoming hypocrite.

That make sense specially now that there are a lot of tokens and coins that was being introduced through facebook advertising. I have noticed some of them are obviously a scam or a shitcoin. Those shitcoins will bring bad image in cryptocurrency for the people who has yet to have enough knowledge about crypto.

Bezobraznike

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★Bitvest.io★ Play Plinko or Invest!

I think it's just a business, Facebook makes money from adds too! Banning crypto-advertising is their move to stop private marketing
from their users. While I had Facebook and crypto-related friends I think everyone advertised something, to be honest it was massively
used by crypto-related users.
Probably they will allow crypto-adds in the future, but they will set up rules and probably who wish advertising on Facebook
will need to go directly to them.

rijaljun

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However, the ban at least can hinder scam projects from getting people's money, especially those who don't really understand about cryptocurrency.

For me it's more to save their users from falling to scam than becoming hypocrite.

TedMosby

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https://bitcointalk.org/index.php?topic=5274318.0

FB didn’t completely ban blockchain/cryptocurrency ads on their platform.
It’s depends on what kind of ads that you are promoting.

More info about this, you can check it here:
https://web.facebook.com/policies/ads/restricted_content/cryptocurrency_products_and_services?_rdc=1&_rdr

If you think your ads that you will publish not against the guidelines, you need to fill this special request form.
https://web.facebook.com/help/contact/532535307141067

About their cryptocurrency product (Libra), I think it’s not against their guidelines.
Why? Because they are not promoting the token sales.

dvmmayowa

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This is what happens when a platform's operation is totally centralized, of a truth there were many scammy projects that it helped get rid of, but the fact that the banning of ads coinciding with the launch of the libra project id enough fact to prove that it was only done to favour libra only.

Blockchain os gaining more popularity over time and i am sure that over time, there'll also be decentralization of social media platforms too.

ultrloa

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Quote from: Lizzylove1 on January 16, 2020, 08:07:48 AM

Well, Facebook may be right to some extent, some scam projects perverted different social media and defrauded innocent investors, I think this is part of the reason Facebook took a harsh step in banning. Not everyone really understand how this works and it's require they learn before investing and not blindly buying anything on social media. Although other scam projects not related to Cryptocurrency still reigns on Facebook and other social platform.

Those things really needed to face off by Facebook owner since his platform has been abused by so many scammers and it's a damage control for more upcoming scams since if they will not filter those things up for sure there are many scam victims around the world and hopefully there's something regulation comes interms on ICO and IEO so that the scams will be eliminate in the system.

Lizzylove1

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Christ The King

Well, Facebook may be right to some extent, some scam projects perverted different social media and defrauded innocent investors, I think this is part of the reason Facebook took a harsh step in banning. Not everyone really understand how this works and it's require they learn before investing and not blindly buying anything on social media. Although other scam projects not related to Cryptocurrency still reigns on Facebook and other social platform.

msarro

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Facebook rolls back ban on cryptocurrency ads as it ramps up its own blockchain efforts They softened the ban after facebook started its own Libra project, which is currently being stopped by US congress. Google also did the same after seeing the huge financial potential in crypto related ads.
Things will ease out for crypto with passage of time.

avatar_kiyoshi

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Quote from: LTU_btc on January 07, 2020, 08:36:45 PM

Quote from: avatar_kiyoshi on January 07, 2020, 08:40:00 AM

There are also still Twitter ads, most crypto communities use Twitter.

I'm not sure, but in past I remember reading about Twitter banning cryptocurrencies ads. So, I don't think it'san alternative.

Ah yes, cryptocurrency ads now prohibited and restricted globally. Sadly, Jack is Bitcoin fan and have crypto project.

Quote from: ultrloa on January 10, 2020, 10:50:17 PM

Many people doing an advertisement here already but we need those platform to spread more especially if we want to hit the global market, And hopefully they will eliminate those up since if this banning issue will continue it can affect on educating the people who doesn't know about crypto and we cannot burst the adoption since we only rotate here if that's the case.

This forum traffic is quite high, if it's need more widely platform, it must go to the biggest social media which has banned cryptocurrency ads. Another alternative forum is Reddit.
I'm sure those who are interested in cryptocurrency and want to learn more they will look at this forum.

1Referee

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Quote from: imstillthebest on January 11, 2020, 03:03:32 AM

facebook on the other hand is i think lifted thier ban because i have seen crypto ads recently

The 'ban' never really worked because I still saw reports of people seeing ads promising people 1000% in 30 days, or this or that ICO is going to take over Ethereum, etc. It banished most of the legitimate ads, but scammers as always find a way to circumvent the policies and get their scam ads to become visible.

In fact, it made things worse because when the far majority of the ads left are scam ads, the pool of potential victims falling for them increases significantly due to the legitimate ads no longer being visible. It was bound to be reversed because the whole policy makes shit sense when all you are left with are scam ads while your plan was to get rid of them.

imstillthebest

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Quote from: ultrloa on January 10, 2020, 10:50:17 PM

Quote from: avatar_kiyoshi on January 07, 2020, 08:40:00 AM

Quote from: niocexchange on January 07, 2020, 06:08:16 AM

With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

This forum can be the best choice for hosting advertisements, with higher traffic it is not difficult to gain popularity and customers here.
There are also still Twitter ads, most crypto communities use Twitter.

Many people doing an advertisement here already but we need those platform to spread more especially if we want to hit the global market, And hopefully they will eliminate those up since if this banning issue will continue it can affect on educating the people who doesn't know about crypto and we cannot burst the adoption since we only rotate here if that's the case.

social media sites continue to flag crypto ads but there were other site including social media sites and forums that still allow crypto ads to be posted around them . this is our another chance or hope to showcase crypto to others in the hopes of increasing the adoption and not just by the purpose of promoting and growing our crypto business . facebook on the other hand is i think lifted thier ban because i have seen crypto ads recently , that is also to give way to thier own crypto coin .

ultrloa

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Quote from: avatar_kiyoshi on January 07, 2020, 08:40:00 AM

Quote from: niocexchange on January 07, 2020, 06:08:16 AM

With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

This forum can be the best choice for hosting advertisements, with higher traffic it is not difficult to gain popularity and customers here.
There are also still Twitter ads, most crypto communities use Twitter.

Many people doing an advertisement here already but we need those platform to spread more especially if we want to hit the global market, And hopefully they will eliminate those up since if this banning issue will continue it can affect on educating the people who doesn't know about crypto and we cannot burst the adoption since we only rotate here if that's the case.

LTU_btc

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Slava Ukraini!

Quote from: niocexchange on January 07, 2020, 06:08:16 AM

With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

There is no alternative which would be close to Facebook and Google. There is quote many Bitcoin advertising networks, but you can't reach such big audience compared with these web giants.

Quote from: avatar_kiyoshi on January 07, 2020, 08:40:00 AM

There are also still Twitter ads, most crypto communities use Twitter.

I'm not sure, but in past I remember reading about Twitter banning cryptocurrencies ads. So, I don't think it'san alternative.

avatar_kiyoshi

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Quote from: niocexchange on January 07, 2020, 06:08:16 AM

With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

This forum can be the best choice for hosting advertisements, with higher traffic it is not difficult to gain popularity and customers here.
There are also still Twitter ads, most crypto communities use Twitter.

niocexchange

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With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

Forbiddenone

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They are using market tactics to capture other space. Facebook still has large share of social media user and they might be planning to launch ads service similar to AdSense and they are one step ahead to take crypto space first then other similar services providing company.

Topic: The Hypocrisy Behind Facebook Banning Crypto Ads - page 2. (Read 609 times)