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Author Topic: Facebook major conflict of interest  (Read 145 times)
TheWolf666 (OP)
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June 27, 2019, 04:03:21 AM
 #1

I am the programmer of Kryptofranc (https://kryptofranc.com) and we are trying to do some advertising with Facebook (https:/fb.com/kryptofranc)

They are asking to "Boost our posts" so we did it... 1 week ago.

I have several other pages, we get our ads approved in a matter of hours... but for this crypto ad, I am waiting for more than 1 week!
They do not reject it, but they do not process it. I have tried to modify it, just in case it is stuck in the process, but nothing changes... in practice, we cannot advertise.

What does this means?

1) They can advertise their new currency like crazy, but they do not process other's crypto currencies ads.
2) In practice, they are shutting down competition.
3) They know it because they do not reject the ad, they just let it in limbo, so that they cannot be accused, the can pretend that it is "in review" forever.

https://www.coindesk.com/facebook-softens-policy-on-crypto-and-blockchain-ads

This article is explaining that FB has soften their policy, just before releasing their own crypto. But in practice, ads are not accepted.
We are not doing an ICO, we just want to have more likes.

Isn't that a major conflict of interest?
Sharon121212
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June 27, 2019, 05:30:01 AM
 #2

Mate What better place to advertise your crypto project than the world renowned bitcointalk that is where we are currently unlike facebook every user here are crypto interested.
 See through this link https://bitcointalk.org/index.php?topic=5157890.0

So do the needful rather than coming here to whining about what facebook did(when logically no one here can spank Mark Zuckerberg)
Jet Cash
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June 27, 2019, 07:43:37 AM
 #3

Facebook seems to be determined to shove its platform under the bus. Maybe it is time for you to support alternative and more liberal social media sites. As has been mentioned, Bitcoin Talk should be one of these in my opinion.
CryptopreneurBrainboss
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June 27, 2019, 09:19:25 AM
 #4

Just do what Jet cash said. This practice of dictatorship by big centralized social media firms aren't anything new and Facebook aren't the only ones doing so. Google has also been accused of the same act. They try to intimidate any competitors that's how they stay in power that's why I advocate for decentralized social media platforms.

On the other hand the rate at which crypto scam have been associate with ads from media platforms like Facebook has been alarming especially as newbie put their trust on this platforms by investing in programs they advertise such as scam ICO, Ponzi scheme etc so their decision on investigating more on Crypto related ads before they approved them is understandable if that's what they're actually doing and not the other way round (eliminating competition).
Cnut237
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June 28, 2019, 12:28:54 PM
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Facebook have always done whatever the hell they like, regardless of any legal implication. Their mindset is to do anything they want, and if someone kicks up a fuss afterwards, then FB can just apologise but then continue anyway. Conflict of interest means nothing to them. They are engaged in far more illicit practices, such as sucking up all of our personal data and monetising it to benefit their own greed. Not to mention meddling in elections...
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June 28, 2019, 04:10:10 PM
 #6

With the launching of facebook coin I think it would even be more difficult to get crypto ads posted on facebook, it's simply natural, they wouldn't like to promote a coin that isn't  theirs.

But unlike facebook, this forum is geared towards bitcoin discussion, investment,bounties etc, but also quite very accommodating to alternative coins.

A larger percentage of cryptocurrency enthusiasts are on this forum, so your ad in here is a big plus for you and your company.
I personally would not like to advertise on facebook with all its privacy invasion techniques.
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