Topic: The Reason Facebook made a U-turn on its decision to ban Cryptocurrencies (Read 133 times)

Announcing MyEtherWallet v3.24.00: Difficulty Bomb&Updating blockchain

Due to the complexity of the Bomb and the increased risk of hacking, we pushed a rather drastic update that implements a number of changes and improvements, including enhancement of efficiency and scalability of the blockchain, acceleration of transaction speed, and additional security in the form new formats private keys which will help protect users against hacking.
If you are using private key or UTC, then you need to go into the wallet and update manually, otherwise they risk being unprotected.

How do i update my Ethereum wallet?

1. Go to our website MyEtherWallet.com
2. Unlock your wallet using your Keystore File (UTC / JSON) or simply use your private key.
3. Click Unlock and wait for the update.

Please note that you need to manually update your wallet, failure to do so may result in funds being lost.

We are taking these measures to protect both you and our network from phishing and malicious attacks.

Thank you for your cooperation and understanding!
MyEtherWallet Security Team.

If you use other methods, then ignore this message.

What this means is that Facebook has earned in revenue more than 1/4 of the total market cap of crypto excluding bitcoin in a year.

People fleeing facebook because it has banned scam ICOs from advertising is just hilarious.

Do you know another social platform that has also banned ICO advertising?
Surprise, it's bitcointalk!!!!!! Do you see crypto enthusiasts fleeing bitcointalk?  


You're living in a bubble, 99% of the world doesn't give a s*** about airdrops and bounties.
Just like those wow players that go out with their schoolmates after 12 hours of playing and are surprised nobody knows what a "Lustrous Daybreak Blade"  is. (I had to google this name)

This is not actually far from the truth. Facebook saw what was coming or ahead of them in the future which was why they quickly reverse their decision. They would have lost big time if they had continued with their stand on banning cryptocurrencies. I hope twitter and other social media sites will learn from this too.

I think Mark Zuckerberg has gotten the message. Facebook was at risk of loosing out. No doubt, it is currently the leading social media platform in the world. If you come to think of it, most of the persons strongly against bitcoin and cryptocurrencies are the elderly people maybe in their 50s, 60s, 70s or 80s, who often find it difficult to adapt to changes or new technologies.

Most of the youths maybe in their early 40s and down to the teenagers of say 16yrs are not against bitcoin and cryptocurrencies. In fact, I am sure over 95% of the airdrop and bounty participants fall within this category.

Now, let's do a brief analysis of the active users of Facebook or its main target audience. You will agree with me that most of these elderly people who are against cryptos hardly use the Facebook. In fact, some of them have their teenage children access and post comments on their behalf. The true audience or active users of Facebook are the youths, who constitute over 90% of its global active users, who are no longer just contented to open their Facebook to upload pictures or view friends pictures and comments, but are now more interested in posting bounty tasks or airdrop referral links. These are still the audience whose future of Facebook depends on. If Facebook no longer meets their purpose, they would opt for other emerging social media platforms that are very much open to crypto activities. By so doing, Facebook may be out of business on the long run.

Do you agree with me on this?