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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#91

Post by untog »

mulmen wrote: post #82
anderspitman wrote: post #36

Earlier quoted context omitted.

I forget who said it, but I once heard something along the lines of, "if we get into a situation where the value of gold goes through the roof, it'll be because things have gotten really bad. And if they're that bad people are going to realize pretty quick that they don't want gold. They want water bottles and gasoline."

I don't get it. If people realize they don't want gold why would the price go up?

I think the implication is that the price will spike quickly, then collapse through the floor when people realise the true situation.

Re: Facebook is banning all ads promoting cryptocurrencies

#92

Post by 45h34jh53k4j »

giffarage wrote: post #65
meowface wrote: post #24

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?

Basic Attention Token https://basicattentiontoken.org/

sorry -- bat was a scam. https://medium.com/the-bitcoin-podcast-blog/a-look-at-the-ba...

Re: Facebook is banning all ads promoting cryptocurrencies

#93

Post by wyldfire »

singularity2001 wrote: post #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.

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

Aside from global prohibition there's not much that would destroy the value that's created by this novel tool. Even then it would still have some residual value.

Re: Facebook is banning all ads promoting cryptocurrencies

#94

Post by TeMPOraL »

wpietri wrote: post #44
CryoLogic wrote: post #11

I 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.

As a sheep, I would prefer being shorn rather than slaughtered, so I'm with Facebook on that one.

Re: Facebook is banning all ads promoting cryptocurrencies

#95

Post by mschuster91 »

singularity2001 wrote: post #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.

> these news sent the bitcoin charts below the magical $10000

Nah, I believe the "crash" is rather due to the Tether stuff and that one exchange that got hacked... and because there are people who have decided that they don't want to wait any longer to materialize their profits in dollars in the aftermath.

Re: Facebook is banning all ads promoting cryptocurrencies

#97

Post by atomical »

45h34jh53k4j wrote: post #92
giffarage wrote: post #65

Earlier quoted context omitted.

Basic Attention Token https://basicattentiontoken.org/

sorry -- bat was a scam. https://medium.com/the-bitcoin-podcast-blog/a-look-at-the-ba...

What is your definition of a scam?

Re: Facebook is banning all ads promoting cryptocurrencies

#99

Post by TeMPOraL »

heroprotagonist wrote: post #57
wmf wrote: 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…

I'm undecided too, and that's the only ICO I've seen that I consider possibly legitimate.

IPFS itself is supporting evidence - it shows that those people can create a working and actually useful product. Filecoin seems like a good fit for the "incentive layer" above IPFS, and from what I remember from the ICO, they did their best to make it legally in the clean.

I guess we'll see what happens when (or if) Filecoins get released.

Re: Facebook is banning all ads promoting cryptocurrencies

#100

Post by Theodores »

pfooti wrote: post #81
meowface wrote: post #24

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've been working on one related to climate change - i have perfected a self-replicating, solar-powered carbon recapture facility. i figure the coin can represent some amount of carbon offset. working on a white paper as we speak.

Sponsor the 64 million trees of The Northern Forest in the UK with the Bitcoin Pine backed by pine trees. Make people get off their arse and visit their trees in person to cash out. Also have Bitcoin Oak, Bitcoin Ash and Bitcoin Rowan etc.

Work with a charity so Bitcoin Oak is fully tax deductible and not gambling.

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