It seems like Mark Zuckerberg doesn't believe in Blockchain technology

[Cryptoshops]

Have you seen some of the Bitcoin ads on Facebook ?  A lot of them are using images they have no right to use. Iv even seen them using images from Morning TV programs which clearly have nothing to do with Bitcoins and if you click on some of them they are nothing but scams or full of crappy popups and redirects.
Facebook have said they will look at crypto ads again when they can better monitor them, so they are actully doing the crypto community a favour by stopping all the scam ads. Im not saying all crypto Facebook ads are scam either but I think its a good that Facebook are trying to clean it up. They also are not shutting down Crypto Facebook pages so they are not completley banning crypto either.

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[josephpogi]

We can't say if he really does not believe in the power of cryptocurrencies, especially bitcoin, just because he banned advertisements of the cryptocurrency on his website. I just think that he does not want bitcoin to be advertised on his site when he was in a solid partnership with paypal and other internet debit providers.

[VitKoyn]

I don't think that he don't like or dont have any interest in blockchain technology or cryptocurrency. It is just that there are lots of fraudulent and scam ICO/projects that are being advertised in their platform, as an owner of course you don't want your company/platform to be a part of this kind of scams, he didn't say that he don't like Bitcoin, Ethereum, Litecoin or any cryptocurrency, what he don't like is those company that uses those coins to scam people. He even announced the he wants to study the positive and negative aspects of using blockchain technology and also hinted that he wants to create his own cryptocurrency to improve facebook.

[gua86402]

I see information that he believes in block chain technology!


"I look forward to working with the panel to discuss and develop this proposition," Mr Zuckerberg said. The development of cryptocurrency reflects an important trend that the power of the central system is back in the hands of the people. This new form of technology will shape a whole new business world and solve the world's problems.

[jseverson]

Banning cryptocurrency-related ads will affect lots of legitimate businesses in crypto space and Mark Zuckerberg knows that, So I think that Facebook by taking this action is showing no interested in Blockchain technology.

The problem is that most crypto-related businesses that advertise on Facebook are scammy. I've seen some of these ads before, and I believe it's a good move to remove them altogether. More people getting scammed by crypto businesses means less open-minded people in the future. They do increase awareness somewhat, but they also ruin crypto's reputation by scamming the not-so-knowledgeable.

I don't think it has anything to do with Mark Zuckerberg's stance on blockchain technology either. Cryptocurrencies are just one out of its countless possible applications, and a person could both be against cryptocurrency and an advocate of blockchain technology at the same time -- just look at banks.

[boyshx]

I think Mark is really not understanding the aspects of crypto currency and he may have got scared after seeing the complex block chain technology. Lol! No worries mark, we still believe in the Facebook and will keep using it.

Facebook might be going against the crypto due to too much output that Facebook is giving in terms of "investors for the blockchain" and not helping the Facebook to grow itself. It could be one of the thing that Facebook is attracting its rivals rather than friendly people. Facebook may get converted into dump yard for the crypto advertisement and people might just start talking about the crypto everywhere rather then their personal life, friends etc for which the Facebook was invested (re-invented).

[Newboybb]

I think facebook just wants to create a new token by itself.
However, the current ban on ICO advertising, I think, is likely to be a legal issue, as all countries intend to restrict or ban ICO.

[HasHe]

Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.
We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency

Their announcement clearly states that they just want to avoid ponzi schemes and scam ICO projects getting advertised in their facebook and to protect the interests of their users,they just want to ban such ads.

Your topic is just misleading that mark doesn't believe in blockchain technology.No such statements has been made even a single time in that statement.Hope its clear now.

[negancoin]

Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.
We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency

Their announcement clearly states that they just want to avoid ponzi schemes and scam ICO projects getting advertised in their facebook and to protect the interests of their users,they just want to ban such ads.

Your topic is just misleading that mark doesn't believe in blockchain technology.No such statements has been made even a single time in that statement.Hope its clear now.

I would say if he just banned those ponzi schemes and scam ICO projects, but the decision including ICOs even those that operate legal, legitimate businesses and cryptocurrency in general, in order words he banned entire industry.

Your topic is just misleading that mark doesn't believe in blockchain technology.

Notice that I used the work " seems " and connect between two speeches of him, so I see no misleading since I put quotes and give my point of view and let you give ur point of view about the matter.

[clrpod]

Just a few days ago, Mark Zuckerberg said about Blockchain Technology:

I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.

and now we see the result of it :
Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.
We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.

Banning cryptocurrency-related ads will affect lots of legitimate businesses in crypto space and Mark Zuckerberg knows that, So I think that Facebook by taking this action is showing no interested in Blockchain technology.

These are two completely independent things. Mark Zuckerberg or facebook in fact, believe that they should not allow people to advertise using their service with the intention of misleading people in to investing. This is what many ICOs did and many investors lose out because of it. Rightly or wrongly that is their choice but it has nothing to do with believing in blockchain technology or not. My personal opinion is that they should let the ads run and it's the consumers responsibility to do their due diligence and make well informed decisions but evidently at Facebook they feel it's their responsibility to try and protect their user base from their own stupidity or naivety.

[hadveach]

maybe there's a more detailed reason why he does not trust the block chain? whereas many scientists  acknowledge the greatness of the block chain system, I think that he did already make users crypto disappointed even some hate it, and maybe the impact is the facebook rating to be down.

[Basmic]

Why do you think that mark Zuckerberg doesn't believe in cryptocurrency? He doesn't want to spread FUD. Can someone put up a claim for what he provides advertising space to fraudsters. There is always the possibility that your words or actions can be misconstrued. This topic is a typical example of this.

[sukamasoto]

It's sad to hear that but they can do anything that they think it's right.
I can also said that bitcoin is not 100% secure ( example : Japanese exchange got hack )

Meanwhile FB try to implement bitcoin yet bitcoin's negative impact are greater than it's advantage or maybe bitcoin need additional time to adapt the current situation, I think.

[yanesna3]

Just few days ago, Mark Zuckerberg said about Blockchain Technology:

I’m interested to go deeper and study the positive and negative aspects of these technologies, and how best to use them in our services.

and now we see the result of it :
Two of our core advertising principles outline our belief that ads should be safe, and that we build for people first. Misleading or deceptive ads have no place on Facebook.
We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or deceptive promotional practices, such as binary options, initial coin offerings and cryptocurrency.

Banning cryptocurrency-related ads will affect lots of legitimate businesses in crypto space and Mark Zuckerberg knows that, So I think that Facebook by taking this action is showing no interested in Blockchain technology.

I am not sure of it. Mark (I suspect at least) might deal with crypto himself. OK, he does not want to see any information (ads) referring to this topic on the pages of FB. We will go to YouTube, which is going to use blockchain technologies by the way.

[mOgliE]

Hi,

It seems that Mark Z. has never made something to make society better. He acts quite selfishly and I guess ths won't change now that he is a billionnaire.

Is it really important? Do you stop believing in something just because someone you don't know said he doesn't believe in it?

What I mean here is that we need enhancement and support, indeed, to develop the community. Though, I don't think we need celebrity endorsement and thus... Well it doesn't matter if Bill Gates and Marky Marc don't believe in the blockchain or any technology related to cryptos. They have invented stuff, they won't necessarily be able to understand and forecast further changes.

We don't care about Zuckerberg!

[Austin143]

I don't think MarK Zuckerberg hates blockchain technology, it's just that there's a lot of happenings regarding to fraud in. Crpytocurrency performing ICO advertisements, that nowadays theres a lot of scammer everywhere so I think he just wanted Facebook user's or community will be safe from it, and I just read an article about Mark Zuckerberg that he is gonna make some partnerships with the Founder of Litecoin, that their making silent appointment with it. Well that's just a rumor, I don't know yet if it's true or just a fake news.

[adiksau0414]

This is why facebook is banning advertisement in facebook? Well, we cant blame him for that. Nowadays, social media is being used in wrong doings to benefit only some. Maybe Mark Zuckerberg like facebook to deliver a informative and equal information for everyone and to connect each other. If some of tjis cryptocurrencies marketing will stain their reputation, no one will believe in facebook anymore. But we cant never tell what the real behind reason for him to do that.

[penig]

Very poor conclusion, I dont see there is a direct link between his statement to look into blockchain and the decision to ban ICO adverts.  One is a R&D subject, the other a commercial decision, with possible legal input.  

I dont think people realise just how close to the wind most ICO are sailing for US regulators  Normally IPO stock raising has to jump through many hoops and their prospectus are dominated by a list of risks and threats to the business.  Contrast to ICO where i dont think i've ever seen a risk highlighted, they are sales brochures and if lucky a competently compiled technical description of the system. They are most certainly illegal in the US, hence all the "you cant participate if a US citizen" and Facebook have taken the view its not worth the risk the SEC come after them for advertising.  

Meanwhile the Zuckerberg wants to look at how to utilise the technology.  

[paolo099]

In a such big platform, used by basically everyone in the world, it opens up to tons of different spam, scam, porn, you name it.
Banning crypto ads to me it's a wise choice because, even if i don't have a facebook account, i can imagine these kind of ads and i guess 1 of 10k ads were genuine and not ponzi or scam.
From banning ads to "he doesn't believe" there is an huge difference, hosting ads for fishy ICO's would just ruin the credibility of the platform itself, no need to cry over it (i feel for the legit ads, paid ones who got trapped in this bans) even though it affected the market price as soon as the news were spread.

[mysacrifice]

A very good decision If you ask me. I've seen some of these ads before, using known faces like Floyd Myweather etc. just to make people invest while they know they can't deliver anything they promised. This shouldn't be taken the wrong way, Facebook is just trying to protect it users. People will trust crypto more now because they will get scammed less. As for mark's statement, I wouldn't be surprised If they start accepting bitcoin by the end of the year.

If the aim is to stop spammers then it is very good idea but I hope it doesn't effect people like us who is doing proper bounty campaigns through their facebook accounts. There should be freedom for account owners about what to share on their feeds.