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Title: Facebook is banning all ads promoting cryptocurrencies — including bitcoin and ICOs
Source: recode.net
URL Source: https://www.recode.net/2018/1/30/16 ... rtising-bitcoin-james-altucher
Published: Jan 31, 2018
Author: Kurt Wagner
Post Date: 2018-02-04 22:42:25 by Gatlin
Keywords: None
Views: 216
Comments: 6

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.

“This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices,” wrote Rob Leathern, one of Facebook’s ad tech directors. “We will revisit this policy and how we enforce it as our signals improve.”

The cryptocurrency boom/bubble has led to scams and wild price fluctuations that have cost a lot of people — including unsophisticated investors — a lot of money. Scams are illegal, but gambling on investments you don’t understand is not.

Look for blowback from entrepreneurs and investors who argue that the move unfairly punishes legitimate cryptocurrency companies and related crypto products. Facebook’s board of directors includes two investors — Marc Andreessen and Peter Thiel — whose firms have been prominent crypto backers. Facebook Messenger boss, David Marcus, is also on the board at the popular crypto exchange Coinbase.

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#1. To: Gatlin (#0)

Proof that Facebook acts as a self-righteous censure of an otherwise trivial product. This means they will never stop their self-righteous censure of free expression. In effect, they are locking the minds of their clients towards the nanny state.

buckeroo  posted on  2018-02-04   22:52:40 ET  Reply   Trace   Private Reply  


#2. To: buckeroo (#1) (Edited)

Proof that Facebook acts as a self-righteous censure

It's called CAPITALISM, Ba Ba Ba Bucky. FaceBook has a big enough following to charge a mint for advertising... and when you're that rich, you can run your shit anyway you like.

Methinks if you owned FaceBook, you wouldn't let GW Bush advertise his bid for presidency ON YOUR SITE... why should your example be any different?

I'm the infidel... Allah warned you about. كافر المسلح

GrandIsland  posted on  2018-02-04   23:11:01 ET  Reply   Trace   Private Reply  


#3. To: GrandIsland (#2)

FaceBook has a big enough following to charge a mint for advertising

Zuckerberg has gone insane about being a paternal mother, over protecting his so-called client base. He kinda exhibits the same attitude as a FAT, silly, over-bearing elementary school cross-walk guard doing his job at local schools.

buckeroo  posted on  2018-02-04   23:20:37 ET  Reply   Trace   Private Reply  


#4. To: buckeroo (#3)

When you get nearly as important as him, then you can flap your banana hammock. Until then, stfu.

I'm the infidel... Allah warned you about. كافر المسلح

GrandIsland  posted on  2018-02-04   23:34:27 ET  Reply   Trace   Private Reply  


#5. To: GrandIsland (#4)

I already have a hammock. My problem about the placement of the hammock is the electrical power running about 200' from my home to provide power for the local frig keeping my beer & whiskey chilled.

Where I live, I have problems and what I just described is a major issue; it is high on my list to solve this year.

buckeroo  posted on  2018-02-04   23:43:31 ET  Reply   Trace   Private Reply  


#6. To: Gatlin (#0)

I didn't even know Facefvck ran ads until I checked in for something a relative drew my attention to, then turned off my adblocker.

Fvck Zuck.

Hank Rearden  posted on  2018-02-05   10:45:48 ET  Reply   Trace   Private Reply  


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