I haven't seen these ads, but this is probably the right move. The irony is that Facebook has built its perceived value to advertisers, investors, businesses, and audience alike on its ability to use deep learning to process all these posts and images and ads and understand what they mean. But here they are explicitly admitting they are unable to do that. It's a healthy thing to do. But it's interesting that it's financial fraud for which they might be directly liable, and not political propaganda, mental health, or explicit racism that brings them to admit their limitations and draw a hard line.
Facebook is banning all ads promoting cryptocurrencies
71–80 of 254 posts
Re: Facebook is banning all ads promoting cryptocurrencies
#72Earlier quoted context omitted.
Maybe the fact you keep clicking on Chinese ads is reason enough?
which would still leave the question why he was offered it in the first place
Exploration vs exploitation. If the ad has a high CPC and there isn't enough targeted inventory, it's worth showing it to random folks to see if a new target market can be identified.
Re: Facebook is banning all ads promoting cryptocurrencies
#73...but they're totally OK with political ads paid in rubles. Fuck Facebook.
Re: Facebook is banning all ads promoting cryptocurrencies
#74Earlier quoted context omitted.
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 so…
> Because Facebook (and most others) can't tell the difference between a legitcoin and a shitcoin
And they shouldn't have to. We tightly regulate securities-related promotional content because we learned, the hard way about a century ago, that left to itself securities markets breed scams like rabbits.
Re: Facebook is banning all ads promoting cryptocurrencies
#75...but they're totally OK with political ads paid in rubles. Fuck Facebook.
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Re: Facebook is banning all ads promoting cryptocurrencies
#76Finally. 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…
How many pages had links to source code or white papers ? Or had any visible code at all?
Re: Facebook is banning all ads promoting cryptocurrencies
#77They are about to launch their own coin[0] "For example, one of the most interesting questions in technology right now is about centralization vs decentralization. A lot of us got into technology because we believe it can be a decentralizing force that puts more power in people's hands. (The first four words of Facebook's mission have always been "give people the power".) Back in the 1990s and 2000s, most people beli…
Looking into != launching soon or even ever.
Re: Facebook is banning all ads promoting cryptocurrencies
#78Earlier 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…
At best those are potential intrinsic values for blockchains, not bitcoin.
I've started typing a long discussion along the same line and then decided it wasn't worth my time. Brevity is the soul of wit I guess.
Re: Facebook is banning all ads promoting cryptocurrencies
#79Someone 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?
Have you seen https://www.yours.org?
Re: Facebook is banning all ads promoting cryptocurrencies
#80Earlier quoted context omitted.
it will always have value as long as it in the only thing the IRS accepts for taxes due
It's the only thing the IRS accepts for taxes, it's the only thing that Saudi Arabia accepts for oil, etc. There's many good reasons for the dollar to have non-zero intrinsic value.
That's still not an intrinsic value: it's a consensus value.
Intrinsic value is the value it has even if it is not thought of as a currency or unit of trade.