Facebook's ban of cryptocurrency Ads and its Repercussions
Facebook is a corporate culture organization which derives its major profit from Advertisements revenues. According to recent statement of product management director of Facebook Rob Leathern said. They won't feature any ads related to cryptocurrencies, ICOs etc
In my opinion, Facebook was already losing its charm due to decentralization concept of cryptocurrencies and have done this to mitigate promotion of its rival crypto-based blogging platforms like Steemit.
Warren Buffett described it beautifully that
If China can't stop Bitcoin, then no one will.
Anyways i still believe that 2017 was just the start for cryptos and 2018 is definitely going to be the boom and masses will eventually claim the true freedom with decentralization and break free from fake reality which following image depicts
Another interesting consequence of this ban would be which has left me wondering that how will now @jerrybanfield-the self-proclaimed good guy of Steemit, will defend his agenda of Ads campaign on facebook which was one of the source for his repetitive posts.
Soon in near future
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All will be fine with or without face book ads
I thing it is great news. There's so much crap floating around the internet.
its a lame move considering that cryptos are the future, they have a concern since some people are using the platform to con people but a blanket ban is a sign of a giant who is afraid of the ant
Well said, they are more than afraid
I think mark going to make his own crypto very soon, he has to cope with this era and if he didn't then what a loss he's gonna face when the majority left facebook and became steemians,
steemit and crypto's getting more and more popular everyday, absolutely Mark feel anxious
They will have a hard time leaving their own business model
facebook should accept cryptocurrency.
You don't believe that how much you are useful for us because you are giving us cryptocurrency news every day. I love the way you are sharing your knowledge with us.
That's why I'm coming on your profile again and again. Keep sharing such news with us. :)
Is this for the future, because I see Bitcoin related ads all the time on Facebook. Also lol umad zucc, when people cotton on that they can be the ones making money on Steemit instead of Facebook taking everyone's shit and never paying anyone Facebook is gonna lose so hard. When's Dbook coming out lol.
But wow holy balls on that Warren Buffet quote, didn't know that.
Facebook knows best and has your best intentions in mind.
I picture that comment being written with sarcasm.
@bluemist , you came out of nowhere and you are killing it in Steem with stunning content. This truly shows that when one is dedicated success does not take long to follow.
@bluemist is a straight shooter and I am glad to see that he continues to give solid advice.
Amazing how quickly FB reacts when something might hit their bottom line. Why does FB not act in the same way to prevent perverts stalking children or terrorists who want to kill us from communicating?
It's because FB is part of the problem, not the solution.
All the right words perfectly stated