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Facebook is banning all ads promoting cryptocurrencies

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Re: Facebook is banning all ads promoting cryptocurrencies

#201

Post by codeisawesome »

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…

I never considered that scammers specifically tailor their message to be “dumb sounding scam” in a calculated way (to attract the right targets and repel others). I always thought it was just the nature of the intelligence level of folks who choose to scam rather than work to make something.

It’s just even more pure, distilled evil - with no benefit of the doubt of stupidity - when viewed from this angle :-(

Re: Facebook is banning all ads promoting cryptocurrencies

#202

Post by alexanderdmitri »

anilshanbhag wrote: post #132
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

my favorite is the last one:

> Tokia.io token sale is live! Secure the -35% discount for early investors.

spot on given the (imo) insane speculation that's been building around block-chain currencies for the past year.

Re: Facebook is banning all ads promoting cryptocurrencies

#203

Post by tptacek »

atentaten wrote: post #159
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?

There are a number of legitimate ICOs, unfortunately there are many more scammy ones. Quantstamp is an example of a legitimate one out of Y Combinator.

Quantstamp appears to be based on a "proof of caring" scheme where basically you get paid in their currency to promote them on sites like Reddit. What about that screams "legitimate" to you?

Re: Facebook is banning all ads promoting cryptocurrencies

#204

Post by thaumasiotes »

freehunter wrote: post #179
thaumasiotes wrote: post #139

Earlier quoted context omitted.

> 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, cultur…

That's literally their entire point, you just repeated it back to them as an insult.

How is the point that advertisers can give locals a misleading picture of their own culture illustrated, or supported in any way, by a foreigner getting a misleading picture of local culture?

Re: Facebook is banning all ads promoting cryptocurrencies

#205

Post by stryk »

codeisawesome wrote: post #200
stryk wrote: post #199

Earlier quoted context omitted.

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.

So, comparatively, a few bad screaming apples spoil the whole bunch? (should clarify, I'm not disagreeing, just trying to relate)

Re: Facebook is banning all ads promoting cryptocurrencies

#206

Post by cstejerean »

Faaak wrote: post #142
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

So allow those for the TLDs where it makes sense. Keeping them out of .com seems like a reasonable trade off.

Re: Facebook is banning all ads promoting cryptocurrencies

#207

Post by zdkl »

codeisawesome wrote: post #201
gtirloni wrote: post #130

Earlier quoted context omitted.

> 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…

I never considered that scammers specifically tailor their message to be “dumb sounding scam” in a calculated way (to attract the right targets and repel others). I always thought it was just the nature of the intelligence level of folks who choose to scam rather than work to make something. It’s just even more pure, distilled evil - with no benefit of the doubt of stupidity - when viewed from this angle :-(

Hanlon's razor has not been proven for cases with money involved.

Re: Facebook is banning all ads promoting cryptocurrencies

#208

Post by toomanybeersies »

jeeyoungk wrote: post #33
pavel_lishin wrote: post #30

Earlier quoted context omitted.

> Do they expect people to land on those pages and drop money without reading anything? Huh? I assume those are just aimed at people who speak/read the language.

Sorry, forgot to add that I don't know any Chinese and I don't have any reason to believe that Facebook thinks that.

Facebook thinks I speak Swedish, and I don't speak a word of Swedish.

I was recently served an ad in Swedish, and when I clicked the little "why am I seeing this?", it said it was targeting people who speak Swedish in my area.

Re: Facebook is banning all ads promoting cryptocurrencies

#209

Post by twidlit »

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?

Simple Token, led by Fab.com / Social Median's Jason Goldberg. CTO + team is Germany's most experienced blockchain developers. They are making a Stripe for tokenization.

Re: Facebook is banning all ads promoting cryptocurrencies

#210

Post by bengrunfeld »

Wow.... banning a product that is considered in hindsight to be mostly dishonest..... Well, here's hoping they don't stop at nasty cryptocurrencies. How about they also swing the axe at other fraudsters, like traditional banks? (referring to the Wells Fargo debacle - https://www.forbes.com/sites/maggiemcgrath/2017/08/31/wells-...)
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