I am sure real, legitimate ICOs must exist, but I have yet to find one. Can anyone point to one that they strongly believe is legitimate?
Filecoin.
Facebook is banning all ads promoting cryptocurrencies
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Re: Facebook is banning all ads promoting cryptocurrencies
#42This is just one of many things Facebook bans, including dating ads from sites that aren't preapproved, payday loans, sketchy supplement ads, and the list goes on. They even banned fantasy sports betting sites for a while (until the legality got cleared up in NY somewhat).
Re: Facebook is banning all ads promoting cryptocurrencies
#43Earlier quoted context omitted.
> Do they expect people to land on those pages and drop money without reading anything? Huh? I assume those are just aimed at people who speak/read the language.
Sorry, forgot to add that I don't know any Chinese and I don't have any reason to believe that Facebook thinks that.
Maybe the fact you keep clicking on Chinese ads is reason enough?
Re: Facebook is banning all ads promoting cryptocurrencies
#44I am guessing it has something to do with the fake ICO's taking advantage of uneducated users (see Vyral for a great example). But Facebook has made their entire fortune taking advantage of uneducated users. So maybe they don't want competition?
I think that's close. Scam artists slaughter the sheep, while Facebook would rather keep shearing them.
Re: Facebook is banning all ads promoting cryptocurrencies
#45Someone should make a cryptocurrency social platform that rewards it's users for sharing content and attention. Like the steemit of facebook. Anyone know of any projects like this?
> rewards it's users for sharing content and attention
You mean spamming content?
Re: Facebook is banning all ads promoting cryptocurrencies
#46People 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.
What a weirdly tangential thing to point out given the content of the article. Is it possible to write a post on HN that isn't pointlessly critical of Facebook, or have we dropped the facade of "intelligent discussion" when it comes to things that the hivemind doesn't like?
> Is it possible to write a post on HN that isn't pointlessly critical of Facebook
Mostly it is just impossible for there to be a story about FB on HN that doesn't have a bunch of people tripping over themselves to tell everyone they don't use FB.
Re: Facebook is banning all ads promoting cryptocurrencies
#47Earlier quoted context omitted.
The problem aren't ads for Bitcoin, its ads for Shitcoin scams.
Then why not just ban Shitcoin scams?
Because Facebook (and most others) can't tell the difference between a legitcoin and a shitcoin. They already got in trouble for trying to separate "fake news" from real news, so why double down on the same problem?
Take Tezos for example. Greatest innovation in blockchain history or greatest scam in blockchain history? You could lose a lot of hair over that decision, or you could just kill 'em all and let Satoshi sort 'em out.
Re: Facebook is banning all ads promoting cryptocurrencies
#48Re: Facebook is banning all ads promoting cryptocurrencies
#49Earlier quoted context omitted.
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?
Intrinsic value of bitcoin tokens is the ability to use them to append a hash value into immutable eternal excel spreadsheet with no censorship possible. You can use this to prove some data existed at some point in time (proof of existence) or that some data was published (proof of publication). With these primitives you can build some interesting digital infrastructure (ledgers, smart contract platforms, etc.). That…
At best those are potential intrinsic values for blockchains, not bitcoin.
Re: Facebook is banning all ads promoting cryptocurrencies
#50People 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.
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