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Topic: Why social networks ban cryptocurrency? - page 2. (Read 231 times)

legendary
Activity: 2758
Merit: 6830
Wasn't Facebook talking about adopting Bitcoin, or some type of crypto, as a currency on their site?
Not adopting Bitcoin or any other crypto, but making their own.

I'm more of a conspiracy theorist and I think it might be done in order to stop adoption,
like those who don't want crypto to be adopted(big bankers) 'force' the platforms not to list crypto.
Then fewer and fewer 'every day people' who aren't much into computer stuff in general, won't be exposed to crypto,
and maybe never read about it?  Roll Eyes
You are crazy if you think that stoping cryptocurrencies ads at Facebook will have any impact in the adoption. I have seen a recent research that claims that 75% of the world already know about cryptocurrencies (even that a majority of them don't understand about it).

Facebook is actually trying to protect their users against scams and shitcoins. I remember seeing ads on Facebook about those "get rich" ICO's with a 50% investment bonus, and they end up failing or running up with the investors money. Now imagine your regular Joe not that much tech savvy scrolling through Facebook and seeing an ad like this. He will probably think that the ad is legit since it's on Facebook and will end up investing into this shitcoins.
member
Activity: 98
Merit: 13
A great number of cryptocurrencies is fraudulent indeed, while spam from them is very high. In addition, ICO and cryptocurrencies are still unregulated and risky activities.
BQ
member
Activity: 616
Merit: 53
CoinMetro - the future of exchanges
Wasn't Facebook talking about adopting Bitcoin, or some type of crypto, as a currency on their site?

I'm more of a conspiracy theorist and I think it might be done in order to stop adoption,
like those who don't want crypto to be adopted(big bankers) 'force' the platforms not to list crypto.
Then fewer and fewer 'every day people' who aren't much into computer stuff in general, won't be exposed to crypto,
and maybe never read about it?  Roll Eyes
legendary
Activity: 1372
Merit: 1123
To be fair, most cryptocurrencies are more similar to gambling or pornography than anything else. Most ICOs these days are bringing nothing into the market, except a promise to become rich. They've banned cryptocurrencies, because of the airdrop spam that is taking over their platform. The same way we dislike airdrop spammers around this forum, they dislike them everywhere else. It is not organic marketing and it is wasting resources while doing nothing except being obnoxious.
member
Activity: 80
Merit: 11
Obviously, all cryptocurrencies and related products are based not only on the trust but also on specific mathematical algorithms and business models. In other words, cryptographic is not a deception, but the decision to ban such advertising by companies such as Google and Facebook actually equates the cryptocurrency to gambling or pornography.

In the end, paradoxically, it is possible that such a ban will actually have positive effects. It encourages all participants to avoid any automated types of advertising. Probably, the trust between the participants will increase due to interpersonal communication and stable partnership relationships within the community. In the long run, perhaps the leaders in the online market will change their decision, but so far  it makes sense to use those marketing tools that attract the target audience of your product and provide convenient and trustful communication.
What do you think?
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