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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#61

Earlier 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.

Well, you keep clicking the ads.

Re: Facebook is banning all ads promoting cryptocurrencies

#62
post #41

Earlier quoted context omitted.

Filecoin.

I'm still undecided on that one. I have seen the website, whitepapers, and different videos.. from promos to some guy giving a talk. But the only access you get to actually use it is a waiting list, unless you consider some of the underlying IPFS technology it uses that you can get from other sources (which is a different beast entirely). It's likely I'm not meeting some prequalification requirement for the access, b…

Filecoin hasn't even been coded yet and no one has access to it. Once something is already developed they wouldn't need an ICO.

Re: Facebook is banning all ads promoting cryptocurrencies

#64
post #56

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?

I'm biased but I'm running one. I've been a long time member of the hacker/dev community, heck, you can even come to our office and visit with us. I also run the Crypto Builders meet-up out of Noisebridge here in San Francisco. Come out and hack with us.

If it's Synapse.ai you're talking about, and it's "legitimate", why did you run a time-limited whitelist application process to drive scarcity for the coin you're selling? Are you registered with the SEC? If not, what's an interpretation of what you're doing where you're not promoting an unregistered security to the investing public?

https://imgur.com/a/99K2Y

Re: Facebook is banning all ads promoting cryptocurrencies

#66
post #53
post #34

Earlier quoted context omitted.

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…

The key difference being that the intrinsic use of gold is proven by thousands of years of use and a current robust market in the $100 billion/year range [1], while the "intrinsic value" of Bitcoin has no historical track record and approximately $0 current demand. An important second difference is that creating a replacement for the intrinsic value of gold is somewhere between difficult and impossible, whereas it ap…

after all these hundreds of comments about bitcoin this is by far the best explanation why it is (asymptotically) worthless

Re: Facebook is banning all ads promoting cryptocurrencies

#67
these news sent the bitcoin charts below the magical $10000, a second time after the "crash that wasn't", two weeks ago

will we finally see a real dramatic crash, or will it just fade away?

as much as I feel sorry for those that were duped, some part of me is urging for the drama.

Re: Facebook is banning all ads promoting cryptocurrencies

#68

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?

> Does Facebook currently ban advertisements for commodities like gold?

I don't think the problem is Bitcoin per se as much as the rancid industry of scams and frauds pumping and dumping alt coins and ICOs.

Re: Facebook is banning all ads promoting cryptocurrencies

#69

Someone 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?

building one now, called Ethertain

will be publishing details in a week or two on http://www.ethertain.org/

not a social network though - more like "paypal for video", where you can send/request content, with proper verification

Re: Facebook is banning all ads promoting cryptocurrencies

#70

Finally. I've been intentionally clicking ICO ads so that I get targeted for more ICO ads. It's been interesting. - Many of them have the most buttery smooth introduction video that was just so compelling to stare at. - Many has business lines like, "The total market for car loans / social media advertisement / game currency is N trillion... - The "team" page for them are mostly Russian / Eastern European. Some of th…

I love your idea of clicking on facebook ads just to see what would happen for a person that did happen to be in that cohort. Other things I have thought of that would be interesting to do this experiment with is multi-level-marketing BS, political ads catering to the opposite side of the isle, and "Preppers". I would find that much more interesting than my current facebook feed that just feeds me more of what I am already into.

Tangentially related, I recently spent a week in Hawaii and listened exclusively to a local radio station the whole time. It occurred to me that my view of what people did for fun, or where they grocery shopped, or what issues were important to them, and generally "what the locals do" were largely determined by who happened to be paying that radio station to play their ads. And it was just an "ah-ha" reminder that in every group, culture, hobby, or community there are a few advertisers that have an outsize influence on what people think their own grass-roots culture is.

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