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Author Topic: Forum advertising DeFi totally-not-scams  (Read 648 times)
Vod
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December 04, 2020, 12:36:08 AM
 #21

TBH I didn't hear "decentralized finance" much until this recent token wave started and I don't think it's associated with Bitcoin, or at least not more than "crypto = scam = Bitcoin" association that's already out there due to ransomware etc.

Me neither.  But we have been in crypto for years.  We associate DeFi to tokens and gaming.

But think about the average person on the street.  Explain how bitcoin works and the term "Decentralized Finance" describes it perfectly.




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December 04, 2020, 03:35:12 AM
Last edit: December 05, 2020, 12:00:31 AM by malevolent
 #22

I'm sure you can find someone on staff who would be willing to verify adverts. As I've said before, I don't think we should get rid of as slots completely. At the worst measure you could just refuse bids from any companies that you're possibly unsure of or are even remotely questionable, but this would still seem extreme to me.

With how most cryptocurrency investments and investment vehicles work, the most a Staff member can do is make sure someone won't succeed in buying an ad for a blatant scam. Pretty much everything falls under the 'remotely questionable' label at the very least.

I still think you should consider putting a more prominent banner advert at the top of a couple of the more popular sub boards, especially the Gambling Section. It's seemingly mostly gambling sites that bid on the auctions anyway and it's usually from reputable casinos so there's not much issue with them. I'm sure that banner would attract a premium price as many casinos seem to quite obviously want to target their audience there (and we see this with their signature campaigns where they often require x amount if posts in the gambling section or pay more for ones in there). You could even maybe sell it for a fixed price or issue them for longer periods of time like monthly, quarterly or bi-annually or something so you didn't have to waste too much time on them.

Yeah, the forum is definitely under-monetized; wouldn't hurt to have at least a single banner at the bottom of a page, feels less intrusive than at the top.

A lot of the time the ad slots do go for quite cheap, but the slot isn't very prominent in my opinion, hence why most probably prefer signature campaigns. I've actually even had numerous people over the years enquire why we don't have ads. They probably just blend in as another signature to most.

I've had numerous people ask me how to advertise on bitcointalk at all in the first place. Four clicks are required before a user finds themselves on the topic of the current ad slot auction, and that's if they know where to look in the first place.

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December 04, 2020, 04:35:35 AM
 #23

I've had numerous people ask me how to advertise on bitcointalk at all in the first place. Four clicks are required before a user finds themselves on the topic of the current ad slot auction, and that's if they know where to look in the first place.

The link ("Advertise here") is right there under the banner, which is a logical place for it. So one click away if you're already in a thread, or two clicks if you're on the main page and need to click a thread first.

But whether the forum could use more banners is another story... I would imagine more users would start using the "Disable ads" option so it might defeat the purpose.

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December 04, 2020, 10:12:23 AM
 #24

I still think you should consider putting a more prominent banner advert at the top of a couple of the more popular sub boards, especially the Gambling Section. It's seemingly mostly gambling sites that bid on the auctions anyway and it's usually from reputable casinos so there's not much issue with them. I'm sure that banner would attract a premium price as many casinos seem to quite obviously want to target their audience there (and we see this with their signature campaigns where they often require x amount if posts in the gambling section or pay more for ones in there). You could even maybe sell it for a fixed price or issue them for longer periods of time like monthly, quarterly or bi-annually or something so you didn't have to waste too much time on them.

Yeah, the forum is definitely under-monetized; wouldn't hurt to have at least a single banner at the bottom of a page, feels less intrusive than at the top.

I think people would miss that one as well. The reason I suggest top is it's far more prominent at the top and will probably be the first thing you see. Theymos seems to be fairly against more advertising though, but I think a banner ad at the top would be less intrusive or annoying than signatures which the forum receives nothing monetarily from. Donator ranks would still be a good idea though.

A lot of the time the ad slots do go for quite cheap, but the slot isn't very prominent in my opinion, hence why most probably prefer signature campaigns. I've actually even had numerous people over the years enquire why we don't have ads. They probably just blend in as another signature to most.

I've had numerous people ask me how to advertise on bitcointalk at all in the first place. Four clicks are required before a user finds themselves on the topic of the current ad slot auction, and that's if they know where to look in the first place.

Yeah, same. Auctions is probably one of the last places someone would go to. I know a few of us have received requests to buy sticked threads/promoted posts as well.

I've had numerous people ask me how to advertise on bitcointalk at all in the first place. Four clicks are required before a user finds themselves on the topic of the current ad slot auction, and that's if they know where to look in the first place.

The link ("Advertise here") is right there under the banner, which is a logical place for it. So one click away if you're already in a thread, or two clicks if you're on the main page and need to click a thread first.

Well, that's if they even spot that in the first place.

But whether the forum could use more banners is another story... I would imagine more users would start using the "Disable ads" option so it might defeat the purpose.



Well you can already turn signatures off and they're still very popular. If someone wants to get rid of ads they'll probably find a way with an ad blocker or something and many people do use them and yet the internet is still full of adverts. If people are still paying for signatures or ads it doesn't really matter how many people may or may not be blocking them at the end of the day.

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December 04, 2020, 04:12:06 PM
Merited by ChiBitCTy (1)
 #25

But think about the average person on the street.  Explain how bitcoin works and the term "Decentralized Finance" describes it perfectly.

I think describing Bitcoin as "Decentralized Finance" is a bad idea, Bitcoin isn't finance related by any means. according to the dictionary, the word finance is

Quote
the management of large amounts of money, especially by governments or large companies.

The core of the word finance is "Management", which is essentially what all of these DeFi projects are all about, Bitcoin, as is, is not remotely close to that, Bitcoin, in a nutshell, is just a medium of exchange.

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December 04, 2020, 06:51:07 PM
Last edit: December 04, 2020, 11:55:32 PM by Vod
Merited by mikeywith (1)
 #26

I think describing Bitcoin as "Decentralized Finance" is a bad idea, Bitcoin isn't finance related by any means. according to the dictionary, the word finance is

the management of large amounts of money, especially by governments or large companies.

That definition seems to be for a type of position, not a general description of finance itself.

But it would make sense for a receptionist to say he is in "finance" if he has escrowed large amounts.

Edit:  Fixed quote to stop harassment from Mikey.   Wink

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December 04, 2020, 11:56:32 PM
 #27

The link ("Advertise here") is right there under the banner, which is a logical place for it. So one click away if you're already in a thread, or two clicks if you're on the main page and need to click a thread first.

Not straightforward enough if I keep getting inquiries about advertising.

But whether the forum could use more banners is another story... I would imagine more users would start using the "Disable ads" option so it might defeat the purpose.

Most users don't have that option and it could always be taken away.

I think people would miss that one as well. The reason I suggest top is it's far more prominent at the top and will probably be the first thing you see. Theymos seems to be fairly against more advertising though, but I think a banner ad at the top would be less intrusive or annoying than signatures which the forum receives nothing monetarily from.

That's exactly why I suggested a banner at the bottom of the page. I don't think signatures are going away seeing theymos' past posts on this topic.

Yeah, same. Auctions is probably one of the last places someone would go to. I know a few of us have received requests to buy sticked threads/promoted posts as well.

Yes, I get that too equally often.

EDIT: two minutes after making this post and I get a message about paid topic pinning.  Cheesy

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December 05, 2020, 12:39:53 AM
 #28

I would imagine more users would start using the "Disable ads" option so it might defeat the purpose.

Most users don't have that option and it could always be taken away.

Really!  What is the criteria to see that option?   I've always been able to see it, but I like new sites to scam bust.  Smiley

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December 05, 2020, 03:08:40 AM
 #29

Really!  What is the criteria to see that option?   I've always been able to see it, but I like new sites to scam bust.  Smiley

Users with the following ranks can disable ads: Hero Member, Legendary, Donator, VIP, as well as moderators.

edit: this info is also provided in each ad slot auction thread:

There are 10 total ad slots which are randomly rotated. So one ad slot has a one in ten chance of appearing. Nine of the slots are for sale here. Ads appear only on topic pages with more than one post. Hero/Legendary members, Donators, VIPs, and moderators have the ability to disable ads; these people don't increase the impression stats for your ads.

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December 05, 2020, 04:36:54 AM
 #30

I would say the medium article is something closer to drumming up interest in an altcoin rather than an investment. I would compare the article linked in the ad to an article educating the reader about bcash or etherum.

Would an article discussing why (in the author's opinion) bcash is superior to bitcoin be allowed? If not, this ad should probably not be allowed. (I don't think bcash is superior to bitcoin, however, I do support the free-flow of ideas, and rigorous debate; people should believe bcash is inferior after reading an open discussion with a maximum amount of information available).

Pretty sure it's not the part about opinion or about technology that is the issue here.

It's the part that Theymos thinks that the advertisement that Phore itself is using isn't advertising an investment but they are advertising the the technology behind what they're building and the usage of it. It's easily arguable that there is a DIRECT LINK between talking about the technology behind a coin and a product trying to drum up some hype for people to buy the coin.

Not sure if I'm a fan of advertising products like this, kinda sounds like a wormhole of people coming in and talking about the wild claims of their coin even if there is little to no chance of any of that coming to fruition. Not knocking the idea of Phore or whatever as I really know nothing about it, but still.
My opinion is that the medium article is promoting the altcoin. I might compare it to an altcoin whitepaper, although a whitepaper would be more technical.
As an aside question, what would your thoughts be about advertising the more legitimate companies in DeFi such as Compound, Aave, and so on?
I would not allow an advertisement based on the company being 'legitimate'. There are plenty of legitimate companies that go bankrupt for reasons not being an exit scam, such as poor market conditions, or bad strategic decisions by management. Also, a legitimate company today may turn into a scam tomorrow.
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December 05, 2020, 05:59:11 AM
 #31

The site is pretty empty, they don't look to have Sourcecode and their legal link took me to medium...
Funny isn't it? But defi hypes on degen play usually have some shallow depth info like this. Very surprising that they can pull off a good trades in the market. Now this phore is something people should avoid cause technically they aren't feeding much information on what is their project all about. But with a good tokenomics and hype factor. Trust me, on degen community this thing is called a gem and waiting to be pump and dump when it hits market.

Also, a legitimate company today may turn into a scam tomorrow.
Good example of this is bree and pamp network. Anything that pumps on defi hype especially if the money circulation is big, team can't resist and tend to do a rug pull. Clearly a defi stats that ought to remember.

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