Facebook is banning all ads promoting cryptocurrencies • Hacker News Board

Re: Facebook is banning all ads promoting cryptocurrencies

#191

Post by xstartup » Wed, Jan 31, 2018, 2:43 AM UTC

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.

Russians/East Europeans are more visible for their high tech/cheap talent. When I tell my friends that their startup idea is very complex, they say "I'll hire a Russian developer, pretty sure he will figure out something". Sorry, I've not seen them using China in the same context.

Re: Facebook is banning all ads promoting cryptocurrencies

#192

Post by richardknop » Wed, Jan 31, 2018, 2:45 AM UTC

baddox wrote: post #134

banderman wrote: post #123

Earlier quoted context omitted.

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

Why is that question important?

That is the most important question which all these ICOs and tokens can't answer. If they can't be used for anything useful or provide very value that means their price is just a bubble led by naive investors and speculators/scammers.

Re: Facebook is banning all ads promoting cryptocurrencies

#193

Post by dingo_bat » Wed, Jan 31, 2018, 3:00 AM UTC

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?

How has Facebook taken advantage of uneducated users? Is there any evidence of this or you're just being edgy?

Re: Facebook is banning all ads promoting cryptocurrencies

#194

Post by aianus » Wed, Jan 31, 2018, 3:13 AM UTC

gtirloni wrote: post #130

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…

> Do they expect people to land on those pages and drop money without reading anything? One technique scammers use in general is not to make things too legit because that would attract people with a clue. Make it just barely credible and get the most gullible people possible. So those fantastical emails about a rich prince in Africa that needs your help to cash $20m is just scammers improving their signal-to-noise ra…

Why? There’s no manual component to accepting money for an ICO, is there?

Re: Facebook is banning all ads promoting cryptocurrencies

#195

Post by aianus » Wed, Jan 31, 2018, 3:18 AM UTC

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.

Decentralized gambling like Augur

Re: Facebook is banning all ads promoting cryptocurrencies

#196

Post by detailyang » Wed, Jan 31, 2018, 3:28 AM UTC

chrisco255 wrote: post #32

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?

Not tracking active ones, but participated in Qtum ICO. Has successfully launched and delivered. As a smart contract platform, Qtum itself has launched several dapps which were offered over ICO: https://eco.qtum.org/dapps MakerDAO ( https://makerdao.com/ ), Status ( https://status.im/ ), BAT ( https://basicattentiontoken.org/ ), many, many others.

It's amazing. are you Chinese boy ? how did you find Qtum ICO :)

Re: Facebook is banning all ads promoting cryptocurrencies

#197

Post by atomical » Wed, Jan 31, 2018, 4:14 AM UTC

45h34jh53k4j wrote: post #107

atomical wrote: post #97

Earlier quoted context omitted.

What is your definition of a scam?

Selling a large slice of the tokens to a small group of specific investors, such that they obtain a much larger price when these are listed. Because they were in so few holders from day0, and the 'auction' closed so quickly, price discovery entirely up to small group of 'investors'. Its birthing shark whales to steal from the little people. This was back before the real real ICO scams, so it looks pure in comparison.…

Wealth is always concentrated in the hands of a few. It's the same story with Bitcoin.

http://www.businessinsider.com/bitcoin-97-are-held-by-4-of-a...

Re: Facebook is banning all ads promoting cryptocurrencies

#198

Post by kuschku » Wed, Jan 31, 2018, 4:23 AM UTC

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…

> I am flabbergasted at why fb would allow punycode domains (especially when the domain listed under the ad was the 'real' domain).

The problem is that there are actual, real sites that advertise on Facebook that use Punycode domains.

e.g. Bücher.de for a while did so, although now their punycode domain redirects to buecher.de they still use the brandname "Bücher.de" everywhere in their advertising.

And then there's sites like Flüge.de where a competitor of them owns the non-punycode domain Fluege.de, so of course they can't stop using the punycode domain, but you also wouldn't want visitors to see the ugly punycode domain and get confused.

Requiring non-punycode domains is a very anglomerican view of the web. It's as arbitrary as restricting domains to be only in hexadecimal.

EDIT: I originally included links to the sites in this comment, but every time I try to edit them in, HN just responds with Error 502 - if I don't include them, everything works fine. So you'll need to copy-paste them to the URL bar

Re: Facebook is banning all ads promoting cryptocurrencies

#199

Post by stryk » Wed, Jan 31, 2018, 4:26 AM UTC

jxramos wrote: post #189

ryankshaw wrote: post #70

Earlier quoted context omitted.

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…

Because half-a-dozen grasshoppers under a fern make the field ring with their importunate chink, whilst thousands of great cattle, reposed beneath the shadow of the British oak, chew the cud and are silent, pray do not imagine that those who make the noise are the only inhabitants of the field; that of course they are many in number; or that, after all, they are other than the little shrivelled, meagre, hopping, thou…

what?

Re: Facebook is banning all ads promoting cryptocurrencies

#200

Post by codeisawesome » Wed, Jan 31, 2018, 4:49 AM UTC

stryk wrote: post #199

jxramos wrote: post #189

Earlier quoted context omitted.

Because half-a-dozen grasshoppers under a fern make the field ring with their importunate chink, whilst thousands of great cattle, reposed beneath the shadow of the British oak, chew the cud and are silent, pray do not imagine that those who make the noise are the only inhabitants of the field; that of course they are many in number; or that, after all, they are other than the little shrivelled, meagre, hopping, thou…

what?

The few “squeaky wheels” making the most noise - determining the very face and presentation of a context (in this case a field full of cattle, in GP’s case a handful of advertisers on radio) - is an old idea that even has prose to describe it.