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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#141

Post by baddox »

blibble wrote: post #55
tensor wrote: post #20

Earlier quoted context omitted.

The USD is no longer backed by gold and you could say it also has no intrinsic value.

it will always have value as long as it in the only thing the IRS accepts for taxes due

And Bitcoin will always have value as long as people are willing and able to trade it. Your point, which is valid, is that the long-term future of the United States and the IRS as a wealthy nation is almost certainly more safe than the long-term future of Bitcoin, but there is no inherent difference between the two, merely a difference of scale.

Re: Facebook is banning all ads promoting cryptocurrencies

#142

Post by Faaak »

mmanfrin wrote: post #12

The first ad I saw for Crypto was an ad for Bitmain -- it flashed through my ad blocker enough for me to turn off the blocker to see it. It was Bitmain, advertising a miner back in stock. Clicked it, saw it in stock, then thankfully went back to the fb comments to see someone mention it was a Punycode domain -- was a complete phishing site. There was an 'a' that was actually some other glyph that had a small, nearly…

Learning dvorak and playing around with its compose key, I was amazed by the vast characters that there actually exists.

For a, you also have: äāȧą

I would fall for a domain like that.

Sadly, you can't blacklist all punycode domains as some are legits in languages where accents are used

Re: Facebook is banning all ads promoting cryptocurrencies

#143

Post by simcop2387 »

aclatuts wrote: post #113
y4mi wrote: post #103

Earlier quoted context omitted.

Some blockers are specifically created like that. Their rational is a combination of letting the website owners (who embedded the ads) get their money and hiding that they're using a blocker.

Do you have any examples of these types of blockers? I couldn't find any.

You can actually configure uBlock Origin to block like this, https://github.com/gorhill/uBlock/wiki/Per-site-switches#no-...

Re: Facebook is banning all ads promoting cryptocurrencies

#144

Post by HumanDrivenDev »

threeseed wrote: post #140
drinchev wrote: post #111

Earlier quoted context omitted.

> 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.

That's a fair enough response. Still if someone on here said you should be wary of businesses run from China or India (which have the same issues), I don't think the response here would be so cordial.

Re: Facebook is banning all ads promoting cryptocurrencies

#146

Post by AlexCoventry »

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?

Showing these ads has legal implications for FB. They could be on the hook for selling unregistered securities. So it's a very sensible policy for a juicy legal target to adopt.

Re: Facebook is banning all ads promoting cryptocurrencies

#148

Post by gowld »

sincerely wrote: post #101
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?

Ycombinator has invested in a few, including Request Network: https://request.network

YC is invested in Coinbase, so "YC has invested" doesn't signal quality.

Re: Facebook is banning all ads promoting cryptocurrencies

#149

Post by criddell »

TeMPOraL wrote: post #102
wyldfire wrote: post #93

Earlier quoted context omitted.

> 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.

I think that a global carbon emissons tax would do the trick.

It would just make the giant mining farms in China powered by hydro-electric generators that much more profitable.

Re: Facebook is banning all ads promoting cryptocurrencies

#150

Post by [deleted] »

HumanDrivenDev wrote: post #144
threeseed wrote: post #140

Earlier quoted context omitted.

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.

That's a fair enough response. Still if someone on here said you should be wary of businesses run from China or India (which have the same issues), I don't think the response here would be so cordial.

[deleted]
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