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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#131

Post by anilshanbhag »

drinchev wrote: post #111
jeeyoungk wrote: post #19

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…

> The "team" page for them are mostly Russian / Eastern European. What's wrong with that?

1. It shows they are intentionally targeting people in the US. CPC rates for US consumers is much higher than for eastern europe / russia. 2. It is just shady. Investors in these schemes have no protections / legal recourse as these entities are outside the US. Not to single out Russian/Eastern European, investing money via ICO outside US is like asking to be robbed.

Re: Facebook is banning all ads promoting cryptocurrencies

#132

Post by anilshanbhag »

jeeyoungk wrote: post #19

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 did the same. For people who haven't seen the ads, here are 3 I seen so far: https://imgur.com/a/tsOOe

Re: Facebook is banning all ads promoting cryptocurrencies

#133

Post by ggg9990 »

drinchev wrote: post #111
jeeyoungk wrote: post #19

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…

> The "team" page for them are mostly Russian / Eastern European. What's wrong with that?

Makes a successful lawsuit and recovery near-impossible.

Re: Facebook is banning all ads promoting cryptocurrencies

#134

Post by baddox »

banderman wrote: post #123
whataretensors wrote: post #27

Earlier quoted context omitted.

Ethereum seems legit. For modern answers: WTC, SNM are two that I like

Is there anything that it can exclusively do? I mean functionally in the real world, right now.

Why is that question important?

Re: Facebook is banning all ads promoting cryptocurrencies

#135

Post by fwdpropaganda »

wuliwong wrote: post #124
fwdpropaganda wrote: post #84

Earlier quoted context omitted.

> Intrinsic value is the value it has even if it is not thought of as a currency or unit of trade. That's like, your definition dude. https://www.investopedia.com/terms/i/intrinsicvalue.asp > The intrinsic value is the actual value of a company or an asset based on an underlying perception of its true value including all aspects of the business, in terms of both tangible and intangible factors. This value may or may…

I don't think I agree that this is what people mean when they say "bitcoin has no intrinsic value but gold does." I think that it is a laymen's statement and they are really referring to value or utility outside of being currency. They are not meaning to reference fundamental analysis in finance.

That's my point precisely. Maybe you should be telling that to the other guy :-P

Re: Facebook is banning all ads promoting cryptocurrencies

#136

Post by marnett »

TeMPOraL wrote: post #88
lmkg wrote: post #72

Earlier quoted context omitted.

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.

> there isn't enough targeted inventory Did I just get called 'inventory'? God, that's the next step after "human resources"...

I much prefer human capital, myself.

Re: Facebook is banning all ads promoting cryptocurrencies

#137

Post by baddox »

wpietri wrote: post #53
dr_win wrote: 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…

Your principle complaint seems to be a tautology: that a new technology has no track record before the date it was invented. People who routinely mock fanatical cryptocurrency proponents’ claims (e.g. “this is actually good news”) should look no further than this comment as an example of equally preposterous claims from cryptocurrency skeptics.

Re: Facebook is banning all ads promoting cryptocurrencies

#138

Post by Ataraxy »

dandare wrote: post #26

This is good for Bitcoin because...

Realistically...because it will remain the biggest one to breach the general public consciousness and by getting rid of such ease of access to promoting scams and the like it will prevent (at least in the short term) the public perception of cryptocurrencies from being tainted by a sea of scams that are difficult for novices to navigate through.

Re: Facebook is banning all ads promoting cryptocurrencies

#139

Post by thaumasiotes »

ryankshaw wrote: post #70
jeeyoungk wrote: post #19

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 a…

> 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.

Maybe if you'd spent longer than a week there you'd have a more informed view of how one or more groups of locals really spent their time?

Those advertisers weren't affecting your opinion of what your own culture was, they were affecting your opinion of a foreign culture.

Re: Facebook is banning all ads promoting cryptocurrencies

#140

Post by threeseed »

drinchev wrote: post #111
jeeyoungk wrote: post #19

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…

> The "team" page for them are mostly Russian / Eastern European. What's wrong with that?

Governance is lacking in those countries. And if you look at levels of corruption it it significantly higher.

So it's completely legitimate to be wary of businesses run from those countries.

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