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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#4

People should look at FB for what it is. A big shopping mall where everyone goes to walk around and hang out. Don't like what goes on in FB. Stop using it.

> People should look at FB for what it is. A big shopping mall where everyone goes to walk around and hang out.

That rather sounds like Amazon's Whole Foods with its gazillion cameras. [1]

As for your other advice: that counts for any company, and why I boycotted Microsoft for a long, long time.

[1] https://dzone.com/articles/why-amazon-and-whole-foods-will-c...

Re: Facebook is banning all ads promoting cryptocurrencies

#5

This is weird to me. Does Facebook currently ban advertisements for commodities like gold? If no, then what's the difference between advertising for bitcoin and advertising for gold?

The problem aren't ads for Bitcoin, its ads for Shitcoin scams.

Re: Facebook is banning all ads promoting cryptocurrencies

#6

This is weird to me. Does Facebook currently ban advertisements for commodities like gold? If no, then what's the difference between advertising for bitcoin and advertising for gold?

Well one difference is that bitcoin has no intrinsic value, ie, it's online gambling in disguise. I believe that Facebook currently bans ads for online gambling.

Don't agree? Ask yourself, why don't you see ads for other commodities, like rice or iron? Because there's no money in that. So how come there's money in ads for bitcoin? Could it be because bitcoin is not actually a commodity?

Re: Facebook is banning all ads promoting cryptocurrencies

#10

This is weird to me. Does Facebook currently ban advertisements for commodities like gold? If no, then what's the difference between advertising for bitcoin and advertising for gold?

Well one difference is that bitcoin has no intrinsic value, ie, it's online gambling in disguise. I believe that Facebook currently bans ads for online gambling. Don't agree? Ask yourself, why don't you see ads for other commodities, like rice or iron? Because there's no money in that. So how come there's money in ads for bitcoin? Could it be because bitcoin is not actually a commodity?

I hear what you're saying, but am compelled to ask: what intrinsic value does gold have?
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