Bitcoin Forum

https://www.coindesk.com/twitter-ceo-jack-dorsey-bitcoin-will-be-the-worlds-single-currency/

I'm glad to hear people with strong companies and lots of money to invest are bullish on the future of BTC. However, this idiot ceo banned ICO/crypto adds on Twitter behind the likes of Fcbk and Google ad words in June. What the heck, is this not ironic or am I the only one that finds this crap hypocritical?

I don't think it's hypocritical in the slightest. Almost all crypto ads lead to sketchy junk. There's little to no merit in one single thing that advertises. If they want money then all they have to be is good enough and they'll show up organically in searches.

There are also no shortage of other avenues to gain exposure.

These are the conflicting statements we have been receiving from all the voices of authority

Google, Facebook and Twitter are companies which connected, and the situation when one copy the decision of the other doesn't need to be as something shocking. Do not forget that the percent of people who involved into crypto world says little, so for the most of users the ban of crypto adds will not mean a thing. Add to that the most of ICO projects stay unsuccessful, so such step will prevent people's cheating.

Just go through the interview taken with the Twitter CEO today. He has explained that none can stop the bitcoins growth in this world. This itself allows you to find the learn that companies not against bitcoin. It is all happening because of idiot stupid government buddy.

I personally takes this ad banning would be fine because there everyone here should come to this forum. No one will stop the crypto currency ads here and it always goes perfect bro.

This guy supports Bitcoin as the future's single currency, what means all other Crypto-Currencies are out. That is a centralized thought, very common among the "rulers of the world". I support Bitcoin, but I don't want it become the single currency of the future, because it makes all the system centralized and manipulated, without giving people the chance to move to another currency if Bitcoin becomes "corrupted".

L:ets say Twitter and Facebooks are one of the ways to advertise or having such exposure but we do know that this is not only the medium we can able to use.Going back into the thing being said on the OP.Its really quiet ironic. They are saying positive things on bitcoin but still decided on implementing such ban on crypto ads.Well they do have the full control of their own decisions.

To me this is a very clear sign that something else is going on, in my opinion all of those websites are being pressured by governments and probably by banks to limit the exposure of icos, to me this seems like a desperate action they are trying to slow down the market, they do not want to market to grow even more and to attract the attention of even more people. They understand very clearly that if this trend continues they are going to be unable to stop cryptocurrencies so they are trying to buy time to figure out how to do it.

Let us start separating bitcoin from ICOs because the earlier the better. Eventually, all public platforms will be closed for ICOs unless there is an agreed model on how to go about it started with China and we all wished it away talking about how ineffective such policy can have on bitcoin price but now, its getting to platforms without which its impossible to reach the innermost part of the society. Gradually, it will get to Instagram, Snapchat and a whole lot of others even WhatsApp will not be left out.

Although, the effect will be felt in price as one unique way for new money coming in is ICOs but the earlier we stop relying on that source for new funds into crypto the better for bitcoin to recover and be the determinant of its own price and not be shaken by news such as this.

Yeah just because someone supports bitcoin doesn't mean you also have the same amount of trust on all crypto. The admins here in the forum also supports bitcoin but they don't allow any ico or altcoin to be advertised(below the first post). An article from the merkle says that there's no confirmation yet. I don't mind the ban on crypto ads imo it's a good thing so that people that aren't familiar with crypto won't fall to scam coins.

This bad news won't be that catastrophic to the price and if it does there's still a lot of time for recovery.

Give the link where that CEO said that twitter will ban crypto ads. If you can give the link about his words about banning crypto ads as a proof then you can say that it's ironic on how he claims that bitcoin will be the future currency but bans crypto ads.
I like this idea. Separate bitcoin ads from ICO ads.

I guess the OP is just overthinking these unconfirmed report (Ex. https://www.coindesk.com/twitter-will-ban-cryptocurrency-ads-in-two-weeks-says-report/) .
Well, I couldn't blame him/her cause apparently it's the typical trend these days.

IMO, this activities doesn't mean that they don't support crypto as a whole. It's just there as a protection for the common investors.
There are some pros to these like - "the money which could be potentially scammed will go to legit project instead. As an effect, more funds will be used for the development."
We don't have no choice but to look at it on a positive side.

Typical trend these days but it's also their responsibility to check if those news are legit or not. This is why fake news is really making a big wave to market when there are bad motives and as well as no legit source from it. Even those news website should be responsible by spreading information to the public since they are also popular and source of crypto people that are also depending with their reports.

I do not think than banning crypto ads was Twitter`s own decision as well as FB and Google. They can claim that BTC is a future, but most likely that FBI has other opinion and Twitter has to obey)

Social networking sites such as Facebook, Twitter and Google prohibit cryptocurrency advertising that has little effect on the market and now everything is back to normal. I think these social networks will have a more open strategy for cryptocurrency because they will not want to lose this extremely potential market.

They are targeting scam ICO's and not bitcoin per se, so their moved is not attacking bitcoin or the whole crypto. They just wanted to weed out those project whose intention is to really take away from money of unsuspecting victims. So they joined, other social media giants such as Facebook and Google to at least 'cleanse' the system.

As for the effect, hard to say but if there will be an one, it will be temporary as we have seen when Facebook bans crypto ads, the market still flourished and we continue with our daily lives. It just put some pressure but it doesn't have enough weight to pull the price to significant levels, in my opinion.

I completely agree with this.

I don't understand why peoples are giving much attention to this issue. There is always alternatives for almost everything.

Check this news > https://bitcointalk.org/index.php?topic=3211394.0
I don't know if it is true or not, but some peoples are very serious on this issue and approaching to file a lawsuit.

The blockchain will subvert the classical Internet business, and twitter is the classical Internet.

So twitter is bound to block the blockchain.

The position of BTC is already forming, it is very difficult to change!

I strongly agree. Bitcoin has little to do with all those ICO scams that flourish in the Internet. And Bitcoin itself isn't a competitor to Twitter, but many other projects and technologies are!

majority of the links in twitter crypto ads were junk/scams and got people's system infected/hacked so banning them has been a move in right direction. twitter may claim bitcoin as currency of future but that doesn't mean that it has to enable all those scamy crypto ads which added nothing to space, plus it was becoming hard for the users to tweet and reply in the same thread because of the spamming so the decision to ban crypto ads makes bitcoin/twitter great again lol. all those scammy crypto ads made crypto look more shady than it is right now.

Exactly, Twitter, Google and Facebook bans crypto ads because they don't want their media to be used as part of the giant Ponzi scheme that is taking the world by storm. We all know that scammers uses their platform to spread their scammy ICO and accounts to spread this lies around. And that is the sad part of it, those legit projects has only few options or have to spend a lot of money to market their project because they can't used the big 3 anymore.

As for the Twitter CEO saying bitcoin could really be the single currency around the world, I'm not sure about it. We really don't know what the future brings, however, we can't really blame him for taking steps to stop scammers spreading their malicious intent in social media.

It is just an act of irresponsibility that has made a lot of people to read strange meanings into everything. We all know how the ad space has been like and a lot of these same people keep complaining how they have ended up in phishing websites as a result of Google advert which obviously could have been averted and these same people are the ones complaining about the filtering of the ad space.

It is just a shame for some honestly. The social media guys obviously believe in blockchain technology and the fact that bitcoin is unstoppable and only those who want to panic unnecessary because of a decision made for some good reason can actually go ahead.

Yes, I am sure a lot of the social media platforms made that known. The reason why a lot of people have ended up in a phishing scam or general scam is all because of the ad space and all these things tell a lot on the perception of cryptocurrency as a whole. I feel they only did a favor anyway to enable the cryptocurrency space get a little bit of cleaning which starts from the ad space and that does not have anything to do with their trust in the future of bitcoin except some people who just prefer blowing FUD out of nothing.

It's not the advertisements that should be blamed why people fall for scams, but people themselves. At the end of the day, it's you that clicks on these links and take everything you read for granted, and all that due to your ignorance. I always get annoyed when people point at other things being the reason why they do this or that, while in reality it's only their ignorance. You click on vague links and get your system infected, you invest because they offer you 50% returns in 1 week, you type in your passwords and become a victim of phishing scams, etc. People should acknowledge that they themselves are the problem, and not the scams and schemes -- they only exist because of how stupid people are.

Good observation. Maybe not hypocritical but, shortsighted, and even sometimes strategic?

Showing my age here, but the early days of the internet, which was starting massive growth on the old bulletin board systems (circa 1995-1997), a certain gentleman by the name of Bill Gates, said the internet would go no where. He was joined by fellow tech guru, Charles Wang, who were wrong.

I personally believe sometimes it's strategic. I believe Jamie Dimon was a strategic move to try to slow the momentum until his team caught up so to speak.

First of all you can be rest assured that bitcoin will not become the worlds single currency. This is practically and juridically not possible. Despite of this, we need fiat and cryptos because the fiat money users mainly finance the state budget of countries.

Why? If twitter is invested in bitcoin they do not allow to promote competing coins to push bitcoin and make huge profits.

Conflicting ? What is so conflicting here if I ask ? Twitter banning ad space as well as Facebook and Google because of the shitty adverts that have led some people into losing their money or the fact that they declared bitcoin as the currency of future ?

I feel we over state things too much which is the reason why FUD is rampant in our community and we also read unnecessary meaning to things a lot as well. There was a huge load of reason for making sure anyone using the ad space must come as legit and that does not make them hypocritical.

I understand the reason that bitcoin is dragged into the sager of ico scam because you can't talk about the full body without mentioning a part of it. That is the simple reason and with a little more time, the whole sager will disappear with committed icos coming on.

It is ironic, yes but it was also an effort to ban all scam ICOs

People are still confused on Twitter's actions. They haven't banned BTC ads, but only the ICO ads since they were leading people into investing in them and twitter did not want a bad name for itself. Sooner or later they are going to lift this ban because they earn a lot through these adverts and I am sure they do not want to miss out on this easy money.

I am sure that Twitter will lift this ban as you said, because of ICOs ads they will earn a huge amount of money and I don't think they will maintain this ban in the future, sooner or later this problem will be solved. Nowadays, there is a huge turnout for cryptocurrencies and ICOs projects, from only ICOs ads, twitter will profit too much.

There is nothing ironic there as banning cryptocurrency advert basically for some reasons which they explained and was reasonable enough is totally different from going against the idea of the future of BTC.

Scammers have been making use of the advert space to influence people into buying into their shitcoin and they have some level of responsibility for their users. It is not like these social media platforms have banned crypto ad completely, as long as you can show you are legal, then you are good to go.

Whether we like it or not, this is an established fact that ICOs have given more harm to investors then good. On daily basis, we are hearing news of an ICO scam in which people lost their money and there is no way to recover that money. This gave big tech an opportunity to ban ads related to cryptocurrency and ICOs.
Big tech (like facebook,twitter and google) fear not cryptocurrency nor ICOs but their underlying technology i.e. blockchain. On blockchain there are already platforms developed and successfully running that are a decentralized alternative to what google, facebook, and twitter are providing. By placing a ban, Big tech are trying to save their business which will cease to exists if blockchain based apps became a success.

I think all social networks should try their best to ban scam ICOs. I appreciate this step of twitter that they promote bitcoin and took an action against scam ICOs. Other networks should also take some serious actions about such scam ICOs, so that innocent people can prevent themselves from such scams. Good to hear from twitter that bitcoin is the future currency.