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Author Topic: Do signature campaigns silently go all-in?  (Read 1371 times)
apogio (OP)
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October 21, 2024, 12:32:37 PM
Merited by vapourminer (4), The Sceptical Chymist (4), LoyceV (4), BlackHatCoiner (4), hosemary (2), mocacinno (1), hugeblack (1), bitmover (1), DdmrDdmr (1), vjudeu (1), Rizzrack (1)
 #1

Well, this post's title is a euphemism of course, but I find it curious that the great majority (if not all of them) of signature campaigns advertise casinos and gambling.

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?

I don't really mind the fact that casinos are advertised. Or perhaps I do, because I hate gambling, but this is a personal opinion and of course, I can understand that any company wants to gather more customers.

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

Is it because bitcoin projects can't be easily monetized?
Is it because even if they were monetized, they couldn't have the profit margins that casinos have, so they could be efficiently advertised?
Or is it because only mixers could bring money to the campaingers? I highly doubt that banning mixers was such a powerful measure, that lead to the "all-in" from signature campaings...


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October 21, 2024, 12:59:28 PM
Merited by apogio (1)
 #2

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

In fact, I always wondered why many services related to Bitcoin are not clearly advertised on the forum. It is true that some services open ANN on the forum, others not even that.

Maybe half of the services I know about Bitcoin were discovered here on the forum. I don't know about them anymore, because there are no ads for them here.

It will be interesting to see why there are no more ads for these services.
Can campaign managers come up with an explanation for this?


 
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October 21, 2024, 01:08:05 PM
Merited by vapourminer (4), hugeblack (4), apogio (1)
 #3

Well, this post's title is a euphemism of course, but I find it curious that the great majority (if not all of them) of signature campaigns advertise casinos and gambling.

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?

I think the main reason why some services would advertise in the forum is because it can't advertise elsewhere.
The second reason  would be to create back links to improve SEO.

I have never seen duelbits blackjack or monkey tilt in Facebook or Instagram ads. But I do see them here. Maybe they can't announce there? Legal restrictions? I don't know the exact reason, but that is a fact. I don't see them in social media.

Imo, it looks to be far more effective,  from the marketing point of view, to advertise in those big techs/social media than here..

Companies who are allowed to do so, simple advertise elsewhere.

I am here since 2017. 90% of the advertisers were mixers and casinos. With rare exceptions, like a few kyc free exchanges or services like wasabi or bestchange

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October 21, 2024, 01:17:05 PM
Merited by vapourminer (2), apogio (1)
 #4

I've actually wondered myself from time to time... Maybe Bitmover is right, but i always wondered why other company's that accept bitcoin as a payment don't jump on the potential traffic from the biggest bitcoin community...

I mean, as long as you sell a product that's more or less mainstream and most (tech savvy) people will buy from time to time AND you accept BTC as a payment option, i just feel it would make sense to promote on bitcointalk.
I have also read from certain mixer-owners that the traffic they got from bitcointalk was much better quality wise than the traffic they got elsewhere....

I could understand if shops accepting bitcoin would do a trial for a couple of months, and in the end conclude that traffic from google ads is better and stop using signature campaigns, but you simply don't even see any trials. I know that (for example) dell used to accept bitcoin as a payment option, i guess it would have been super-effective if you saw a couple high ranking members with official dell promotion in their signature, pointing directly at the dell website where it was indicated bitcoin was a payment option... But i never saw such a thing.

It makes me wonder if it's a legal issue??? Most of us are pseudo-anonymous, and usually bigger company affiliates have to pass trough KYC so they can get harassed by their country's tax authority afterwards... I guess it would be harder to implement a KYC centered affiliate program on bitcointalk.

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October 21, 2024, 01:17:37 PM
Merited by hugeblack (2)
 #5

I think the main reason why some services would advertise in the forum is because it can't advertise elsewhere.

I do not agree. The only reason any seller advertises his site or service on a platform for long time if it is converting well for him. I am very much sure that these advertisers are getting good returns with the investment they are making with the signature campaigns. Then only, they are able to continue the signature campaigns for long time. The forum converts well than other platforms because traffic is very targeted. Everyone who is member here has almost used crypto on daily basis. That is an ideal customer for these type of advertisers. 

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October 21, 2024, 01:41:10 PM
 #6

Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?
Probably we might have reached the saturation point of basic products needed around the bitcoin ecosystem like exchanges or mixers. Until any innovation happens or basic human need demands, I doubt about the development of any new bitcoin product.

Is it because bitcoin projects can't be easily monetized?
Is it because even if they were monetized, they couldn't have the profit margins that casinos have, so they could be efficiently advertised?
I just assume about the reverse, I mean most other businesses except gambling must be making enough revenue without the need of marketing here; like exchanges, payment processors and crypto debit cards. This might be the reason, we are not seeing most other business are not being advertised here.


Nevertheless, gambling industry must be one of the most benefitted one from cryptocurrencies. Hence there would be no surprises on seeing more gambling houses are being advertised across this forum.
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October 21, 2024, 01:42:56 PM
 #7

I think the main reason why some services would advertise in the forum is because it can't advertise elsewhere.

I do not agree. The only reason any seller advertises his site or service on a platform for long time if it is converting well for him. I am very much sure that these advertisers are getting good returns with the investment they are making with the signature campaigns.

I didn't said the that they do not get good returns. But they most likely lack options to advertise in places where they would get better return.

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October 21, 2024, 01:45:35 PM
 #8

I have never seen duelbits blackjack or monkey tilt in Facebook or Instagram ads. But I do see them here. Maybe they can't announce there? Legal restrictions? I don't know the exact reason, but that is a fact. I don't see them in social media.
Yeah, it's true social media like Facebook or youtube have strict policies against the gambling related promotions that could be one of the reason why we don't see them but I have seen stake advertised by many creators like shoutout for them for being the sponsor of their video so they exists in social media too but in different way.

Other reason, we crypto commuinity seek open source softwares for our needs which are created by the community and doesn't generate profits so we can't expect them to advertise their products by promoting money from their own pocket which is why we see some of those services has voluntary signature campaigns where users will not be paid for promoting them.

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October 21, 2024, 01:47:07 PM
 #9

The prevalence of casino and gambling ads in this forum does seem a bit off at first glance. But the reality is, casinos have the financial muscle to afford extensive advertising campaigns, targeting platforms like these where potential customers gather.

On the flip side, Bitcoin-related projects often operate on tighter budgets, focusing their resources on development rather than advertising. Even though they're innovative and essential, they don't always have the same immediate profitability that gambling platforms do. That's why you see fewer Bitcoin-related ads in comparison.
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October 21, 2024, 01:47:38 PM
 #10

Bitcoin projects are mostly not "likeable" by Average Joe because people don't care with it's development. Even hardware wallet is a must for someone who own a good amount of Bitcoin, but the reality not many people want to buy hardware wallet, for them it's an unnecessary extra cost. This make them in loss since not many people want to buy hardware wallet.

If we're talking about centralized exchange, isn't most users here say to avoid centralized exchange? Cheesy

Of course centralized exchange don't want to pay the user that talking bad against them instead of promoting.


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October 21, 2024, 01:54:07 PM
 #11

The main bitcoin-related service can no longer be advertised on the forum, that for one thing.

I have never seen duelbits blackjack or monkey tilt in Facebook or Instagram ads. But I do see them here. Maybe they can't announce there? Legal restrictions? I don't know the exact reason, but that is a fact. I don't see them in social media.

That's right, I've seen Youtube videos where the influencer talks about Ledger or Trezor and has a referral code if you buy them with his link. If Ledger or Trezor don't advertise here it will be because they see more ROI doing it another way.

The case of bitcoin-related services that can't advertise here is already known.

Then we have casinos, which until recently could function as mixers but more and more have been introducing KYC and wagering requirements that prevent it. If they advertise here and not elsewhere it is partly because of legal restrictions and partly because they operate in limbo. They are in a transition phase, the moment they are forced to operate like any other fiat casino they will disappear from here too.

Bitcoin projects are mostly not "likeable" by Average Joe because people don't care with it's development. Even hardware wallet is a must for someone who own a good amount of Bitcoin, but the reality not many people want to buy hardware wallet, for them it's an unnecessary extra cost. This make them in loss since not many people want to buy hardware wallet.

If we're talking about centralized exchange, isn't most users here say to avoid centralized exchange? Cheesy

Of course centralized exchange don't want to pay the user that talking bad against them instead of promoting.

That's right, this forum is pretty much anti-anything that can be advertised, anti-kyc exchanges, anti-kyc wallets, anti trezor and ledger for their attacks on privacy, and the OP is anti-casinos. So what do you want to be advertised here?

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October 21, 2024, 02:06:28 PM
 #12

Well, this post's title is a euphemism of course, but I find it curious that the great majority (if not all of them) of signature campaigns advertise casinos and gambling.

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?

I don't really mind the fact that casinos are advertised. Or perhaps I do, because I hate gambling, but this is a personal opinion and of course, I can understand that any company wants to gather more customers.

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

Is it because bitcoin projects can't be easily monetized?
Is it because even if they were monetized, they couldn't have the profit margins that casinos have, so they could be efficiently advertised?
Or is it because only mixers could bring money to the campaingers? I highly doubt that banning mixers was such a powerful measure, that lead to the "all-in" from signature campaings...
Casinos are promoted everywhere. I can tell you that in my region, there are casino banners on every website. No other project buys a web space from websites except casinos.
The competition among casinos is huge but so is the earning in this business. If you want to be competitive, you have to advertise everywhere. When a casino sees that another casino promotes on Bitcointalk and gets some results, they start promoting here to be competitive and don't leave a hole anywhere.

Btw to be fair, I think that the biggest users of a signature campaign on this forum should be exchanges like Binance, Coinbase and Kraken. Bitcointalk is a forum where we discuss Bitcoin and altcoins, trading and economy. Before we do anything in the crypto space, we want to buy cryptocurrencies and exchanges are the best place for that. It's strange but I haven't seen a signature campaign from exchange for years, the only exceptions are instant exchanges.
I also expect signature campaigns from Bitcoin and crypto wallets but they are very silent here. It's really strange why only casinos promote here.

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October 21, 2024, 02:11:40 PM
 #13

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?
This question will be more appropriate if you ask to the developers or teams of Casino sites.
Logically, if there are many casinos signatures, it means it is an effective way to promote the campaigns in this forum. I can understand it since many forum members join the gambling activities, many of them are true gamblers.

I don't really mind the fact that casinos are advertised. Or perhaps I do, because I hate gambling, but this is a personal opinion and of course, I can understand that any company wants to gather more customers.
I can understand if you seem not happy to see many casino signature campaigns because you hate gambling. Basically, this is more like your subjective assumption, you expect to see bigger number of non casino campaigns. However, this forum is free space, it is not designed to support certain projects to held their promotion.

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?
What does bitcoin-related software have to do with campaigns? Anyway, if you find out too few advertisement of bitcoin-related products, they may view the forum isn't the best place to promote their products anymore. Or they focus on social media (telegram, twitter, facebook, etc) to promote their products nowadays. We can't blame the developers, they should try varied ways in promotion. I suggest you hold a survey if you want to get valid answers. You can make a survey addressed to the developers of bitcoin-related products.


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October 21, 2024, 02:30:09 PM
Merited by The Sceptical Chymist (5), apogio (1)
 #14


Btw to be fair, I think that the biggest users of a signature campaign on this forum should be exchanges like Binance, Coinbase and Kraken. Bitcointalk is a forum where we discuss Bitcoin and altcoins, trading and economy. Before we do anything in the crypto space, we want to buy cryptocurrencies and exchanges are the best place for that. It's strange but I haven't seen a signature campaign from exchange for years, the only exceptions are instant exchanges.

I also expect signature campaigns from Bitcoin and crypto wallets but they are very silent here. It's really strange why only casinos promote here.

If you look at the service board or search through it for like last three years you will see that it is of recent that the casinos dominated but they were actually campaigns by other bitcoin related companies, my assumption is most of the leave after getting their assumed attention and also their weren’t able to cope with the ROI the advertisement of the forum was bringing, this could be that this brands are in high competition with each and some are not mostly used by everyone, because members here have preferences unlike casinos that are similar and you know the ROI gotten from this casinos can never be compared to a bitcoin wallet or something like that, that’s why the former actually still exists. I could remember when Best_Change were asked to increase their signature amount they specifically made that statement that they couldn’t match the amount paid by other brands like the mixers and casinos then due to ROI issue, I think this could be relatively what other companies also look into. So as times pass on most actually feel like they have gotten the audience they needed and moved on.

As for exchanges like centralized exchanges I don’t think they will actually gain the attention they needed here even if they advertised, I am not saying people here do not use centralized exchanges here on the forum but majority here frowns on anything related to KYC and as such it would be uneconomical for these brands to come to where their services aren’t valued that much

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October 21, 2024, 02:35:46 PM
Merited by The Sceptical Chymist (4)
 #15

The prevalence of casino and gambling ads in this forum does seem a bit off at first glance. But the reality is, casinos have the financial muscle to afford extensive advertising campaigns, targeting platforms like these where potential customers gather.

On the flip side, Bitcoin-related projects often operate on tighter budgets, focusing their resources on development rather than advertising. Even though they're innovative and essential, they don't always have the same immediate profitability that gambling platforms do. That's why you see fewer Bitcoin-related ads in comparison.

I suppose it's that simple, yeah!

What does bitcoin-related software have to do with campaigns?

One of the best ways to promote your innovative project (bitcoin-related in our case) is through this forum.

I've actually wondered myself from time to time... Maybe Bitmover is right, but i always wondered why other company's that accept bitcoin as a payment don't jump on the potential traffic from the biggest bitcoin community...
....
It makes me wonder if it's a legal issue??? Most of us are pseudo-anonymous, and usually bigger company affiliates have to pass trough KYC so they can get harassed by their country's tax authority afterwards... I guess it would be harder to implement a KYC centered affiliate program on bitcointalk.

Exactly my point! This forum includes a huge community of people who understand and love Bitcoin, so isn't it a good place to show / promote / advertise your bitcoin related projects?

Imo, it looks to be far more effective,  from the marketing point of view, to advertise in those big techs/social media than here..

Companies who are allowed to do so, simple advertise elsewhere.

I am here since 2017. 90% of the advertisers were mixers and casinos. With rare exceptions, like a few kyc free exchanges or services like wasabi or bestchange

It's definitely true.

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October 21, 2024, 02:39:20 PM
Last edit: October 21, 2024, 05:38:14 PM by LoyceV
Merited by vapourminer (1), apogio (1)
 #16

Is there any rational explanation behind the fact that a Bitcoin forum -I repeat, a Bitcoin forum- is full of casino signatures?
It's quite simple: companies advertise to earn money.

Quote
is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore?
Who's going to pay for those ads?

Quote
Is it because bitcoin projects can't be easily monetized?
Is it because even if they were monetized, they couldn't have the profit margins that casinos have, so they could be efficiently advertised?
That makes sense, right? A few dollars per post is a lot more money than any other forum would be able to pay.

Btw to be fair, I think that the biggest users of a signature campaign on this forum should be exchanges like Binance, Coinbase and Kraken.
They all have millions of customers, why would they use Bitcointalk? I'm pretty sure they don't even care about Bitcoin, especially the first one in your list who actively tries to trick their customers into withdrawing fake made-up tokens which they present as if it's Bitcoin.
Other large projects (I'm thinking about the #2 in market cap, a centrally controlled altcoin) only used Bitcointalk to promote their creation in their early days. The moment they got rich enough, they abandoned the forum just like they abandoned their "code is law" rule.

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October 21, 2024, 02:50:05 PM
 #17


However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

Well, personally, I do not believe that any of this things you mentioned is the reason why we do not see bitcoin services being advertised on this forum, I too love bitcoin and would love to see it's services being advertised on this forum, not just the casinos, but also bitcoin exchange platforms, the bitcoin related projects like the ordinals and all that, and as a matter of fact, I see this services promoting their business else where..

And speaking about casinos being the only possible services accepting bitcoin that are being advertised here, I think it's a matter of "when the desired is not available, then available becomes the desired", many desire to wear signature ad of other bitcoin and cryptocurency companies that is not gambling casinos, but unfortunately, we don't have them, and if you ask me why we don't have such companies advertising here, and i would say the reality is that, many of this companies don't even know that this forum exist, and that their services can actually be advertised here.
Others who know, likely do not see value, because, the number of overall visitors to this forum per day is too poor.

Just my thought.

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October 21, 2024, 02:56:51 PM
 #18

It will be interesting to see why there are no more ads for these services.
They maybe found other places for advertisements and I see not only signature campaigns but also bounties have similar changes. Less bounties in the forum than years ago, and as I know in recent years, cryptocurrency projects have more third party sites to host their bounties, contests with given tools (free or paid) to detect cheaters. It's more helpful than hosting bounties in the forum.

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Can campaign managers come up with an explanation for this?
Campaign managers can proactively find projects, companies and give them offers. This case they can explain to your question.

In other cases, they receive questions about their services from companies like casinos that want to hire a signature campaign. This is hard for campaign managers to explain to your question.

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October 21, 2024, 03:23:25 PM
Last edit: October 21, 2024, 03:37:31 PM by Sandra_hakeem
Merited by The Sceptical Chymist (3)
 #19

It's quote simple: companies advertise to earn money.
Secondly, most of these casinos are newly or rebranded firms. The protocol and time to make a huge profit is nothing compared to how long an avalon nano 3 stays on the web. Bitcoin has already created enough publicity for itself over the years and we all know how to acquire anything in relation if need be. Again, the question from you comes into play -- who's gonna pay for an ad?
Edit:
I have never seen duelbits blackjack or monkey tilt in Facebook or Instagram ads. But I do see them here. Maybe they can't announce there? Legal restrictions?
Maybe meta labels that as part of things that goes against their community standards? I seen alot of sponsored post which are obviously paid ads made to seek publicity, but I can't recall seeing a casino.
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Imo, it looks to be far more effective,  from the marketing point of view, to advertise in those big techs/social media than here..
I'm also thinking of the same thing as well, but what if there are some underground restrictions that we(you) dunno?

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October 21, 2024, 04:14:10 PM
Merited by apogio (2)
 #20

However, my point is, is Bitcoin development so difficult? Is it a thing from the past? Nobody writes bitcoin-related software anymore? Why on earth isn't there any good bitcoin-related product advertised in the forum?

That's actually a damn good question--and I think the bigger bitcoin "projects" like hardware wallets don't need to advertise on a discussion forum, which honestly seems like an outdated method of drumming up business. 

Bitcointalk, for as long as I've been here, has been full of gamblers and gambling is and has been one of the biggest uses of bitcoin I know of, aside from the dark web (and I don't even know what the stats are on that).  I assume that's why there have been so many gambling-related signature campaigns.  They might rake in a lot of cash, but I think compared to other businesses they're fairly small-time and don't have to shell out enormous amounts of money to hire a bunch of forum posters.  Like I said, good question you're asking here.  After the caffeine hits my bloodstream perhaps I might give it some more thought.

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