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Topic: What's effect Facebook banned will have on ICOs today - page 5. (Read 1146 times)

jr. member
Activity: 154
Merit: 1
It really won't have any effect.  I don't think anyone really looks at the ads that are placed on facebook.  You are far more likely to look at your friends post if he reposts something about a particular ICO imo.
full member
Activity: 352
Merit: 100
With the new news that emerged from facebook that facebook no longer allow promoting bitcoin ads on In it, but until now the investors and the bitcoin members will not shake And without facebook bitcoin still running like
Why on earth should anyone even shake because of news like that? It is not like Facebook is against cryptocurrency or the blockchain technology and they are throwing out their hatred, what they are more concerned about is the scam ICOs and with a lot that is going on being an unregulated environment, what do you think they would have done better than what they are already doing. Moreover, it is not like the legitimate ones are not already continuing with the adverts.
legendary
Activity: 3346
Merit: 1128
I think the effect is only minimal. When it was freshly implemented a lot overreacted, I presume that because Facebook is a really
big social media platform. It isn't something you can ignore, considering the fact that the massive amount of users and publicity
it harbors is incomparable. But with the number of other effective social media platforms out there, ICO's can still advertised and
get on with or without facebook's assistance. Things will get on and progress. Too bad since facebook campaigns are good sources
of income with bounties and campaigns.



facebook campaigns isnt really worth it at all because they only pay a little or less due to the fact that the allocated reward for this bounty is only a small percentage, unlike to sig campaign and other forms of bounty such as translation , blogging , etc. They usually pays higher. anyways , we shoudnt get worry about it because there are still many social media out there like twitter and youtube that we can use inorder to promote a campaign  for advertising purposes.
This is not even about Facebook campaign, this is about the adverts that Facebook itself runs. If you feel Facebook campaign should be scrapped so that you can get more for your signature, then you are absolutely asking for too much because there is no campaign that does not make impact one way or the other.

Facebook target is only on scam ICOs and not general, and as long as you can show how legitimate you are as an ICO, you will still have your page running and to me, that is a good step and well thoughtful of them,
hero member
Activity: 798
Merit: 527
I think the effect is only minimal. When it was freshly implemented a lot overreacted, I presume that because Facebook is a really
big social media platform. It isn't something you can ignore, considering the fact that the massive amount of users and publicity
it harbors is incomparable. But with the number of other effective social media platforms out there, ICO's can still advertised and
get on with or without facebook's assistance. Things will get on and progress. Too bad since facebook campaigns are good sources
of income with bounties and campaigns.


It was pure overreaction like you said, and anyone that over reacted possibly did not read the full news and then jump to conclusion based on the headline. We have forgotten that what the media is always looking for is the traffic and they will always want to paint the headline worse than what the article or the real happening actually depicts.

It never really had any effect on the market and at the end, Facebook is already trying to screen the ICO adverts as long as it is legal and they can get it verified.
member
Activity: 322
Merit: 21
I don’t really know the kind of effect it’s going to have on Bitcoin, but I think it will reduce the progress it’s having, because Facebook is one of the best social media where promoters can be able to reach thousands with just an ordinary post and be able to reach more by placing ads and paying for it to be promoted.
For me, it will lessen the income of those bounty hunter that always craving to join on facebook campaign ( fb campaign is one of the easiest way to earn bitcoin by sharing those links- and rank of your bitcointalkorg account is not an issue as well ). But the facebook team explain this well, “This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices,” wrote Rob Leathern ,  one of Facebook’s ad tech directors. Imagine, it sick to see a lot of crypto link on your facebook wall and most of them is a scam.
legendary
Activity: 3052
Merit: 1281
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Perhaps facebook's ban on encrypting ads is intended to avoid the loss of some fake ads to users!

Facebook executives have revealed that they will open the ico's ads in the future, but there are requirements for the ads, as well as for the project!
Facebook has a reason to block ICO ads on Facebook, but I think Facebook will soon allow ads to come back because Facebook itself is also researching and developing its own crypto. There are many large corporations of the world that accept cryptocurrency and research for their own so Facebook will not go out.

so facebook has decided to create their own coin? if its true then why they banned those crypto ads? maybe they did not want to advertise those unkown ico becauss they sees it are their good competitor in the future if ever they can really create their own coin but as of now there were still other social media like twitter and instagram that we can use in order to advertise crypto related ads and there were also big companies and business entreprenuers that currently partners with bitcoin. So overall there is nothing to wory about it.

Lol, it is not an actual news that facebook decided, read the post you quoted.  Anyways, I do agree with the action facebook made with regards to ICO ads.  Lots of fake ICO's are using facebook to bait for unsuspecting victime.  I have seen several ICO which have red flags and should be avoided being advertised in facebook and guess what they are able to pull millions of dollars from it scamming poor souls of their money.  So yes facebook must moderate if cannot ban these ICO ads all together.
full member
Activity: 756
Merit: 102
Perhaps facebook's ban on encrypting ads is intended to avoid the loss of some fake ads to users!

Facebook executives have revealed that they will open the ico's ads in the future, but there are requirements for the ads, as well as for the project!
Facebook has a reason to block ICO ads on Facebook, but I think Facebook will soon allow ads to come back because Facebook itself is also researching and developing its own crypto. There are many large corporations of the world that accept cryptocurrency and research for their own so Facebook will not go out.

so facebook has decided to create their own coin? if its true then why they banned those crypto ads? maybe they did not want to advertise those unkown ico becauss they sees it are their good competitor in the future if ever they can really create their own coin but as of now there were still other social media like twitter and instagram that we can use in order to advertise crypto related ads and there were also big companies and business entreprenuers that currently partners with bitcoin. So overall there is nothing to wory about it.
member
Activity: 392
Merit: 11
Perhaps facebook's ban on encrypting ads is intended to avoid the loss of some fake ads to users!

Facebook executives have revealed that they will open the ico's ads in the future, but there are requirements for the ads, as well as for the project!
Facebook has a reason to block ICO ads on Facebook, but I think Facebook will soon allow ads to come back because Facebook itself is also researching and developing its own crypto. There are many large corporations of the world that accept cryptocurrency and research for their own so Facebook will not go out.
sr. member
Activity: 1512
Merit: 316
I don’t really know the kind of effect it’s going to have on Bitcoin, but I think it will reduce the progress it’s having, because Facebook is one of the best social media where promoters can be able to reach thousands with just an ordinary post and be able to reach more by placing ads and paying for it to be promoted.

It will have some effect for sure because now everything is on social media and most of the youngsters do follow it. So it was an ideal platform to get the advertisement done and reach to masses. But after the ban it has sent out a wrong signal that it is not being supported.
jr. member
Activity: 286
Merit: 3
I don’t really know the kind of effect it’s going to have on Bitcoin, but I think it will reduce the progress it’s having, because Facebook is one of the best social media where promoters can be able to reach thousands with just an ordinary post and be able to reach more by placing ads and paying for it to be promoted.
member
Activity: 392
Merit: 10
Perhaps facebook's ban on encrypting ads is intended to avoid the loss of some fake ads to users!

Facebook executives have revealed that they will open the ico's ads in the future, but there are requirements for the ads, as well as for the project!
legendary
Activity: 1232
Merit: 1029
If your question was what would be the effect on ICOs if Facebook puts a ban on cryptocurrency advertisement, then the answer is quite simply not much of an effect may be the ICOs would lose one platform for advertisement. There are many other social media's where ICOs do their advertisement through us. So that wouldn't make a whole big of an effect to the advertisements of ICOs.
Losing Facebook is big, after all Facebook is probably the biggest social media site in the entire world so they are losing at big platform for them so I think the effects are going to be a lot bigger than many think, this is not going to stop icos, but it is going to slow them down a little bit and when we take into account that the market is kind of slow and the know your customer policy issues then you are talking about a lot of investments lost for the icos.
Losing Facebook is not big, but Facebook losing the revenue they are generating from those ICO adverts is the one that is big. Trust me bro, they have been getting a lot, and it is just because they would want to at least consider the community and the users since they cannot really get to screen the spammers, then that just had to happen.

It seems before anything and as long as it pertains to ICOs now, you will need to get a legit verified document to be able to do anything and that is good enough for the community.
sr. member
Activity: 756
Merit: 252
I think the effect is only minimal. When it was freshly implemented a lot overreacted, I presume that because Facebook is a really
big social media platform. It isn't something you can ignore, considering the fact that the massive amount of users and publicity
it harbors is incomparable. But with the number of other effective social media platforms out there, ICO's can still advertised and
get on with or without facebook's assistance. Things will get on and progress. Too bad since facebook campaigns are good sources
of income with bounties and campaigns.


I have the feeling that this is just the beginning, Facebook is the biggest social media website around so it is obvious it was targeted at first because of its influence and this move does not seem like something Facebook would do this is something they did probably because they were pressured to do it and if it worked with Facebook it will probably work with other social media websites.
newbie
Activity: 83
Merit: 0
Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future  of cryptocurrencies?

i cant see anything that affect a huge scar on bitcoin industry since there are lot of platform to showcase that ICO therefore the ICO will find a new way to reach people thru social media , twitter are still existing and also youtube are there  but has not used by many so they can used youtube as an alternative to facebook..
With all the shit coins we have all over the place, and scammers running away with crowdfunds, I wouldn't blame a company like FB. If I were Mark Zukerberg I will do the same to protect the reputation of my business. However, with good regulations of ICO's in the future, FB will eventually open back her door's to crypto ADs.
But I think the effect isn't noticeable.
full member
Activity: 336
Merit: 100
Same as people facebook should not generalize all ICOs as there are some ICOs that are paying only few arr.scamms or not paying at all. They should properly investigate each ICOs and not banning them right away.

Facebook is a free source for business and earning anyways, if they bann all ICOs then there will be less and less people using facebook as I've noticed most group pages in facebook are all about bitcoins or cryptocurrency itself. And I believe these serious ICOs are paying facebook to be able to advertise their tokens. So yeah, they can earn on it as well.

As for facebook users like me it helps me earn additional income for my child. In fact my call center salary for a month, I can earn it here for days or weeks only so.
hero member
Activity: 1078
Merit: 501
I think we just need to accept that, and just only use telegram, twitter or Instagram to promote ICO's. That is the only thing I can see to be the best thing to do right now. Unless Facebook will accept's ICO's again.
jr. member
Activity: 94
Merit: 4
Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future  of cryptocurrencies?
This is not a big problem to those who are legit, because they can always find a way to solve any negative effects to their project but not to the scammers. Because scammers has limited influence and social media is their best opportunity to scam people.
sr. member
Activity: 840
Merit: 252
Facebook have it new policy pertaining to initial coins offerings 'ICOs' . The policy specifically prohibits ads that promote ICO on it platform.
The banned is due to the fact there are so many companies who are advertising ICOs that are not currently operating in good standards and faith.
In the meantime, Facebook is encouraging people to report content that violates this new policy.
What effect do you think this will have on ICOs and future  of cryptocurrencies?

It does not affect all ICO on facebook. Those who violated the policy are affected. People are just hyping that facebook is banning all ICO but in real, I still see many advertisement associated with ICO.
hero member
Activity: 910
Merit: 505
I think it will not affect that much bcz for crypto, twitter is more dominant in social media to share the news.and we have google ads promoting the ico so there is nothing to worry,as facebook is going to implement kyc soon as they have also bought a startup ,which will lead to decrease to its user.maybe they implement blockchain to their network to increase their users base.
sr. member
Activity: 1400
Merit: 269
I think this issue is a huge deal for ICO projects and crypto currencies especially were most bounties and signature campaigns uses facebook to advertise their projects so it might affect the amount of investors of this new tokens. Im sure these companies will have an compromise to what ads should be implemented.
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