Facebook has banned advertisements promoting bitcoin and other cryptocurrencies in an effort to protect its users from “financial products and services frequently associated with fraudulent or deceptive promotional practices.”
Again, we see how companies launch their “if I want” but cancel their services related to crypts or simply prohibit them. We speak for example of Stripe, and in this case the statements of the CEO of Facebook, Mark Zuckerberg that publicly support the cryptocurrency as something that can “take the power of centralized systems and put it back into the hands of people.”
When a scam occurs, it does not matter if it is with real money, with potatoes, or with cryptocurrencies, but it seems that the latter is “worse” scams than those made with Fiat money, and this is what we find in the press during these poor times. years of a life of cryptocurrencies.
“Any crime or scam that you can do with real money, you can also do it with cryptocurrencies, and both are equally the same crime.”
But returning to the Facebook empire, the restriction is not only in the social network, but also extends to Instagram and Facebook Audience Network. It is unclear if the policy has already been implemented, but some of the types of ads that Facebook aims to block are still on the platform.
ICO scams advertised on Facebook (and in many other media) may have attracted credulous investors and it is right to end this type of practice. But a total ban could also punish legitimate companies that are taking fundamental steps in the development of different Blockchain applications. If banks do not offer loans to these ICOs, and large advertising media such as Facebook prohibit advertising, what is left to the ICO ecosystem to make itself known and get financing for its projects? Always pay the righteous for sinners.
The difficult thing is not to learn, the difficult thing is to know how to teach.
Editor and coordinator of the free book “La era de las BLOCK punto COM”
CEO of bitcoiner.today