Imagine Facebook turning out to love and protect all of us from fraud and scams! (Lol). Few weeks ago, Facebook CEO Mark Zuckerberg in his new year company statement announced his interest to explore blockchain technology- read info here however now he tends to hate/dislike cryptos and plans to protect all of us from crypto´s including ICO scams?
According to CNBC news:
Facebook is banning all ads that promote cryptocurrencies, including bitcoin, in an effort to prevent people from advertising what the company is calling "financial products and services frequently associated with misleading or deceptive promotional practices."
That means no advertiser — even those that operate legal, legitimate businesses — will be able to promote things like bitcoin and other cryptocurrencies, initial coin offerings — ICOs for short — or binary options, according to a Facebook blog post.
That also means that "crypto-genius" James Altucher, whose ads have appeared all over the internet and have become a meme of sorts for the entire crypto industry, won't be able to advertise on Facebook.
Ads that violate the company's new policy will be banned on Facebook's core app, but also in other places where Facebook sells ads, including Instagram and its ad network, Audience Network, which places ads on third-party apps.
I wonder when facebook starts thinking about the interests of everyone against scams-or is it a secret plan to stop the constant adds promoting future competitors in the crypto space especially steemit to their 1B+ users? Here are some few points.
Can’t Stop The movement: Governments including their dogs (banks) have tried and continue to try daily to kill cryptos however history has shown that an idea / movement that benefits the masses cannot be stopped or killed by cronies in the capitalist world. Therefore, facebook can ban crypto adverts however steemit platform and other crypto´s growth will not be killed rather will continue to surge in an upward trajectory.
Strong community: Steemit ( Bitcoin + other cryptos in general) success is based on strong / large communities that are passionate about its blockchain technology and thus will defend it against all haters . This is not the same with Facebook where members are not getting any financial reward or even a good thank you for using and being active on the platform that enriches shareholders and owners while censoring / dictating what its members post (and now advertise). Therefore, do not be worried because Facebook et al cannot stop our progress!!!
Now is your turn: Is Facebook trying to protect us against scams from Crypto´s ? or is there a hidden agenda ? send in your comments, would you pls upvote to send in your support and resteem for others to join.
Click here and read my former post: Branding and Consistency: The Secret Weapon To Success Online and at Steemit
An Advert for a top new crypto
Hey guys, heard about this new upcoming coin called Ethereum Lyte (ELYTE) , so far price has shot up over 3K% in just a few weeks- even as they are yet to be listed on Coin market cap (coming soon), seems like it might be a real good investment for the future. What are your thoughts? Make sure to check out their twitter page : https://twitter.com/EthereumLyte , website : https://www.elyte.biz/ and white paper or join their active telegram community https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw where all your questions will be answered.
See whitelist section of https://main.elyte.biz/?page_id=433 for their current crowdsale
Elyte website: https://www.elyte.biz/
Telegram : https://t.me/joinchat/E6tXj0dThqzzjVlWJRuxLw
Facebook: https://www.facebook.com/EthereumLyte
Twitter: https://twitter.com/EthereumLyte
Linkedin : https://www.linkedin.com/company/ethereum-lyte-elyte/
Bitcoin Talk page : https://bitcointalk.org/index.php?topic=2618851.new#new
Reddit : https://www.reddit.com/r/EthereumLyte_ELYTE/
Join the Telegram group for now!