Bitcoin Forum

So, I assume most of you familiar with the lame facebook cryptocurrency project.

Some background: In January 2018, Facebook announced that it was banning advertising related to cryptocurrencies and blockchain technology. The ban was expansive, and it included Facebook, Instagram, and its Audience Network that sells ads on third-party apps

So, one month before launching Libra, Facebook literally lifted its ban on cryptocurrency ads, demonstrating hypocrisy in its prime. They simply imposed the ban until it directly benefited them.

These companies serve as the gatekeepers of innovation and progress, creating pathways and implementing prohibitions in ways that are worth our attention and consideration. This is especially true for the nascent crypto industry that is continually becoming more popular and is

https://i.imgur.com/2FO3Tm2.jpg

Full article (https://guerrillabuzz.com/banning-crypto-ads/)

FB obviously needs a better ad reviewing system with educated reviewers (this is difficult).

Google AdWords is really struggling with this even now - still a crazy amount of fishing sites falsely representing anything from IEOs to hardware wallets.

Since when Facebook lifted ban of cryptocurrency ads? I haven't saw any news about it and I can't find any source which would confirm it. And I haven't saw any cryptocurrency ads on my Facebook feed recently.
EDIT. I haven't noticed link to article initially.
Anyway, should we be surprised about Facebook behaviour? They are just doing what is best for their business. And they don't care it's hipocrisy or no.

They've actually banned most of the ICO ads and other crypto related ads which I used to saw during 2017 to early 2018 and that news came out. It's also connected to what Mark Zuckerberg said during end of 2017 which was known the bull run of bitcoin that he's starting to look at cryptocurrencies.

And as we know the process and result, he's actually on it right now but with minimal announcement coming from him but from his employees and experts.

Exactly. It's a strategy of theirs to eliminate the potential competition on their own platform but at least they've became neutral now because they have their upcoming project, Libra.

The banning of ads by Facebook and other social media platforms were purely upon the pressure from the government and a step to popularize libra. This isn't possible to be achieved, because people have known better about the present cryptocurrencies and are used to it. With libra there'll be much faster access and will be much user friendly but the growth factor isn't available as bitcoin.

that was the start of the bear market and i guess you can blame facebook for what had happen for it tried to stop the ICOs when they ban crypto ads.  it make sense to actually kill competitors first before creating own currency but its just hypocrisy at best.

they probably feel the same way now that Libra is being stopped by the government while France also considering the release of digital currently they planned.  do you think Libra will help the rise of BTC adoption?

If you wanted to find more hypocrisy, Facebook crypto boss: ‘I don’t think of Bitcoin as a currency’ (https://www.cnbc.com/2019/11/06/facebook-executive-david-marcus-says-bitcoin-is-an-investment-not-currency.html).

But I'm not surprised though, those big companies have their intention behind. Facebook/Google, Youtube, everyone of them. So let's see how their Libra will do once they go live.

I don't also think that is the main reason why we experienced a bear market recently.
For me, it is because of price correction of the market after that parabolic run around 2017-2018, that one of the huge and big bull run we experience I think and their lot of new projects popping out before and started the ICO fever.

And for sure, FACEBOOK learned something about those events we experienced that's why they took a stood in cryptocurrency, like banning and now they introduced their own cryptocurrency which is Libra.

I am still curious about what will happen next on their Libra, could Libra help Bitcoin or cryptocurrency be more popular and lure mass adoption?

Well we will have to wait to see what will be the end results of Libra in crypto-sphere.

Up to this point, because are still divided, others saying that it won't put a dent because they are not competitor per se and Libra targets more on the remittances industry. While others say that it will bring crypto or at least the number one crypto closer to the masses. So let's see how it will pan out. Interesting to note though that if ever they go live during a bull run in 2020, it might be a catalyst, just saying.

Don't think the Libra project will come into existence, most of its major partners are already pulling out of their partnership and the senate isn't making it easier for Mark and his project. Supposedly, Libra finally gets launched, I don't still think it'll be of any threat to bitcoin, i mean it's just another stablecoin out there like the like of USDT, etc.

USDT from recent statistics is already been traded than bitcoin but that doesn't mean it'll a threat since they offer different opportunities. Libra can't he used as an investment vehicle and isn't decentralized but bitcoin can and it's decentralized and that'll be the biggest advantage bitcoin will have over Libra. The projects that'll be in danger are stablecoin since Libra will definitely dominate that market.

If they do launch successfully, it won't take long before Facebook Libra exposes themselves of their shady practice like USDT and losses the trust the community will have in them then their patronizers will understand the opportunities bitcoin offers, they'll understand the freedom and control over your finances that bitcoin provides. At the end bitcoin will always triumphant.

With this big company then they would really have that power yet they are capable of.They can ban or unban as they like and also that Libra project is still lit for it to be launched.

Good thing they lift the ban of those crypto ads to spread up crypto adoption and awareness.For now, they dont mind too much with these issues yet pretty sure they were busy on how
they would launched up their own crypto.

We all know the social media site violated privacy act to which they paid billions for it. If they are up to regain those billions they paid, its creating their own coin that will surely make them more money while also running a surveillance network. So the first action to be taken is to ban crypto and then advertise their own coin. In Mark's mind, its a brilliant idea.

They are using market tactics to capture other space. Facebook still has large share of social media user and they might be planning to launch ads service similar to AdSense and they are one step ahead to take crypto space first then other similar services providing company.

With Facebook and Google banning cryptocurrency ads. Is there any affordable ad platform to publish ads for cryptocurrency exchange?

This forum can be the best choice for hosting advertisements, with higher traffic it is not difficult to gain popularity and customers here.
There are also still Twitter ads, most crypto communities use Twitter.

There is no alternative which would be close to Facebook and Google. There is quote many Bitcoin advertising networks, but you can't reach such big audience compared with these web giants.

I'm not sure, but in past I remember reading about Twitter banning cryptocurrencies ads. So, I don't think it'san alternative.

Many people doing an advertisement here already but we need those platform to spread more especially if we want to hit the global market, And hopefully they will eliminate those up since if this banning issue will continue it can affect on educating the people who doesn't know about crypto and we cannot burst the adoption since we only rotate here if that's the case.

social media sites continue to flag crypto ads but there were other site including social media sites and forums that still allow crypto ads to be posted around them   . this is our another chance or hope to showcase crypto to others in the hopes of increasing the adoption and not just by the purpose of promoting and growing our crypto business   . facebook on the other hand is i think lifted thier ban because i have seen crypto ads recently , that is also to give way to thier own crypto coin  .

The 'ban' never really worked because I still saw reports of people seeing ads promising people 1000% in 30 days, or this or that ICO is going to take over Ethereum, etc. It banished most of the legitimate ads, but scammers as always find a way to circumvent the policies and get their scam ads to become visible.

In fact, it made things worse because when the far majority of the ads left are scam ads, the pool of potential victims falling for them increases significantly due to the legitimate ads no longer being visible. It was bound to be reversed because the whole policy makes shit sense when all you are left with are scam ads while your plan was to get rid of them.

Ah yes, cryptocurrency ads now prohibited and restricted globally. Sadly, Jack is Bitcoin fan and have crypto project.


This forum traffic is quite high, if it's need more widely platform, it must go to the biggest social media which has banned cryptocurrency ads. Another alternative forum is Reddit.
I'm sure those who are interested in cryptocurrency and want to learn more they will look at this forum.

Facebook rolls back ban on cryptocurrency ads as it ramps up its own blockchain efforts (https://www.cnbc.com/2019/05/08/facebook-rolls-back-ban-on-cryptocurrency-ads.html) They softened the ban after facebook started its own Libra project, which is currently being stopped by US congress. Google also did the same after seeing the huge financial potential in crypto related ads.
Things will ease out for crypto with passage of time.

Well, Facebook may be right to some extent, some scam projects perverted different social media and defrauded innocent investors, I think this is part of the reason Facebook took a harsh step in banning. Not everyone really understand how this works and it's require they learn before investing and not blindly buying anything on social media. Although other scam projects not related to Cryptocurrency still reigns on Facebook and other social platform.

Those things really needed to face off by Facebook owner since his platform has been abused by so many scammers and it's a damage control for more upcoming scams since if they will not filter those things up for sure there are many scam victims around the world and hopefully there's something regulation comes interms on ICO and IEO so that the scams will be eliminate in the system.

This is what happens when a platform's operation is totally centralized, of a truth there were many scammy projects that it helped get rid of, but the fact that the banning of ads coinciding with the launch of the libra project id enough fact to prove that it was only done to favour libra only.

Blockchain os gaining more popularity over time and i am sure that over time, there'll also be decentralization of social media platforms too.

FB didn’t completely ban blockchain/cryptocurrency ads on their platform.
It’s depends on what kind of ads that you are promoting.

More info about this, you can check it here:
https://web.facebook.com/policies/ads/restricted_content/cryptocurrency_products_and_services?_rdc=1&_rdr

If you think your ads that you will publish not against the guidelines, you need to fill this special request form.
https://web.facebook.com/help/contact/532535307141067

About their cryptocurrency product (Libra), I think it’s not against their guidelines.
Why? Because they are not promoting the token sales.

However, the ban at least can hinder scam projects from getting people's money, especially those who don't really understand about cryptocurrency.

For me it's more to save their users from falling to scam than becoming hypocrite.

   I think it's just a business, Facebook makes money from adds too! Banning crypto-advertising is their move to stop private marketing
from their users. While I had Facebook and crypto-related friends I think everyone advertised something, to be honest it was massively
used by crypto-related users.
   Probably they will allow crypto-adds in the future, but they will set up rules and probably who wish advertising on Facebook
will need to go directly to them.     
   

That make sense specially now that there are a lot of tokens and coins that was being introduced through facebook advertising. I have noticed some of them are obviously a scam or a shitcoin. Those shitcoins will bring bad image in cryptocurrency for the people who has yet to have enough knowledge about crypto.

The banning of all Crypto currency related advertisements was mostly due to a herd mentality that existed at the time, because when one large social media company does something, the rest will soon follow their example. During that time a lot of ICO scams was doing the rounds and these social media giants received a lot of complaints from people who got scammed.

They took drastic preventative measures to ban all Crypto currency advertisements in an attempt to protect their users. The ICO scene has since collapsed and there are a lot less ICO related scams, doing the rounds.

Since the introduction of Libra, Facebook decided to revisit the "blanket ban" on all Crypto currency related projects, to allow their own token to be advertised on their platform. < Centralized authority can misuse their decision making powers >  >:(

What can you expect with facebook, its a centralized and selfserving company. If there's only an alternative that i can connect with friends i will skip using facebook all together.

There are some good platforms that reward people for using them, steemit, publishx0, some tries on tron network, but I think we are still waiting for some big blockchain social network. People spend time online and people would like to get paid for their time. We already have nice browsers that pays for using them, just for surfing the internet, browsers that pays you to watch ads, and soon we will have social network in the same manner, when that appears people will forget facebook.

Well as of now facebook is much more popular in terms of  easy communication in your love once and friends .
All you mention is crypto related websites not for communication but mostly use for blog and any other update connected to crypto currency.
There is no one created the same as facebook that you can easily communicate and give updates to what you are doing .

Since people started clamouring about the Facebook ads ban, I have never for once experienced the ban because I still keep seeing several cryptocurrency ads on my timeline from users account to sponsored ads. By the way, I haven't heard any news about the Facebook cryptocurrency (Libra Token) for a while now, have the team stopped development or they're keeping things lowkey for now?

Its really hypocritical of them to do such in the first place, i mean, why ban something when you will actually go into it in the first place, its amusing, i see them as a global brand and i don't see reasons why they should fill challenged and decide to ban crypto adverts, they have the platform, population and every other thing to create a powerful token without been affected by other crypto brands and at the end they decide to go into something that they disowned, its amusing 

They have not actually stopped developing the libra coin but they are taking some time to update the news about the development. Facebook perhaps might be in that hurry to launch their own coin. They have just mentioned the concept but no legal source is been published for the circulation of libra coin.

Facebook is the most widely used social media platform with a number of users and they might surely find benefits after the launch of libra coin but they would need some strong development behind the screen and this would surely take some time. Facebook allows cryptocurrency ads and even I can see some ads on my timeline. Perhaps they only have uplifted the ban because they themselves are launching a crypto coin which would be a major coins used on their platform globally.

The main reason why facebook banned some of the cryptocurrency advertisements was only because of the increasing number of scam projects into the ICO industry. These scam projects usually utilized facebook, instagram, etc to attract a decent amount of investors by showing them immense profits and a number of investors lost their funds in such projects.

Hundreds and thousands of people might have reported these kind of acts to facebook which forced them to ban the cryptocurrency ads. They have recently started developing Libra coin which would indeed be their utility token and hence there was a need to uplift this ban. I can't see anything erroneous.

There were numerous project before I remembered that has an advertisement on Facebook that has a millions of active user worldwide, A project holder before would basically thinks that Facebook and other social media sites is the best way to gather potential investors to their project, But Facebook and other social media sites take the change to let themselves not be involved on what kind of project scenario will it turn someday. There's also a chance that Facebook likely eliminates their potential competitors since Facebook is having their own coin. Plus these social media platform is centralized and if they allow some decentralized projects to take their ads services, Their users might realize something about the decentralization and might endanger the centralized social media platforms like Facebook, Instagram and others.

I think facebook acted in bad faith, but in a war all means are good. They eliminated competitors even before their appearance. It was a strategic plan against other players

They will accept any ads from thier sites because its all payed even we report something suspicious ads we dont even know if the ads will be remove.

I dont know anything about libra i am more focus in other coins than this one since i dont see any benefit in me having that coins.

It will surely open up the idea where people or facebook users would really have the chance on knowing on what decentralization is but i dont
see that this do included one of the reasons why its being banned.The thing on my mind for the main ones is that they dont like for their
platforms to be tagged up negative yet we know that there are lots of scam projects that do advertise to this platform which means
if their users been scammed due to that project and since it had been advertise thru fb then for sure they would partly took up the blame.

The whole social media ( such as, Facebook, Google, Twitter ..ect )  is controlled by the governments like, US. So this crypto ads banning is not created by Facebook in my opinion, and remember that the coin of Facebook ( Libra ) will launch in the near future, but despite all of these obstacles  and issues against crypto, the market is still going up due to the king Bitcoin is on the TOP , as a beginning of this year, there is a good progress or development over time.

It's quite typical of elites and CEOs to bash crypto and discourage regular folk from adopting it too soon, only to turn around and buy up millions worth of btc and alts when no one is looking, prepared to sit on it for the next 20+ years. Pay attention to what they do, not what they say.

Facebook bans crypto ads simply because they understand how lucrative the industry is, and has plans to get into the game themselves. This is what you get with predatory monopolies, nothing less. Their hypocrisy is merely a function of their boundless greed. No doubt, many other powerful corporations will follow in their footsteps once they view crypto as a sure thing.

Upon lifting the Crypto ads ban i thought facebook finally see the potential of cryptocurrencies. But it's has been also in an article or crypto news in Youtube that Libra isn't really a cryptocurrency, it is the same as digital asset that's backed with fiat currency so it might be the same as a Stablecoin.
I thought at first that it was a good development for Cryptocurrency and will benefit the adoption, especially if one giant company developing it, but it's really not.

Even if this ban was lifted last May of 2019 I very rarely see any crypto related ads surfacing around my Facebook's social feed. I know that FB knows that I am interested with crypto since I have joined several crypto related groups and I have used their search engine a lot so this should result that I have to see at least crypto related ads once or twice a day but I don't. Maybe the crypto-industry doesn't want to get involved with Facebook even though they are one of the highest traffic websites out there. It may be related to them not having success with crypto marketing in FB or all of the crypto projects in the industry are just against FB's Libra that is why they don't want Zuckerberg to be earning anything from them.

I understand what you mean,

but do you know...! about blocking crypto ads by social networks like Facebook and others that aim to protect users from fraud, and at that time I also saw many fake projects that raised funds and after that they disappeared.

Well the project is that there are many people in crypto sphere blindly invest on a project without doing their investigations and due diligence. That's why scammers are not stopping because there are people who are still falling for their trick

Yes, banning crypto ads can perhaps lessen, but it still up to the individual if they wanted to be the next victims of scam projects plowing around crypto market. You can protect yourself by learning and getting educated on how this market operates. No easy and free money here.

Honestly, that era of ban in January 2018 was a rude shock and some of us felt it was a big blow to the crypto space. Well, it was a hit momentarily but industry seems to have outgrown such now. And BTW, I don't think Facebook and its allies have totally removed the ban because one can't type a crypto URL without Facebook making a shortcut out of it. I guess Mark was just preparing the way for his Libera which now looks like a dead dream with that 2018 ban.

Yes, i also think it was their business stand here. When Facebook company saw that crypto communication massively exploring through their page, then they taken that decission and when i posted some news or ads about crypto they delete that.

Actually nobody can not give any third party to do business using his platform or patent. As companies earning huge by many of their projects so why they will not give commission to Facebook? i think here Facebook is legal to their aim. On the other hand they think future of crypto currency is bright so that they made their own crypto platform. Nothing else.

this is the main point that many people do not want to notice, besides facebook have a owner and the owner has the right to do whatever he wants, the owner of facebook also has a duty to respect the laws of governments. Facebook is a business that needs to generate profits and have a good reputation with the governments, they will not risk losing profit and reputation because of scam projects

Anyway to add to the going discussion. The ban then was more of Libra fighting in I think. Maybe it was meant to create space for one Libra on Facebook. The ban issue is now a thing of the past. The crypto adds are making good market for the SM and data sellers too.

Perhaps they really know that they will be put in the spotlight if they wanted to go by that route. But assuming they continue to ban it today, then they are the one who are going to suffer the consequences of such bans and not the crypto industry and we can continue to move forward without influencers using their social media platform.

Unfortunately, they wanted to go and join crypto sphere as well with their Libra coin and working very hard to look like they are pro crypto after all.

They don't need that anymore although it contributes but their fame already made them more attractive and if you can see the libra got the spotlight since its been on the topic for several months and since it related to facebook for sure many big whales are into it.

but I since they join the atmosphere for sure the crypto banning will be lift in future since libra needs other alts to became more establish well.