Twitter Banning Cryptocurrency Ads, Bear Market For Bitcoin
CNBC on Mar 26 reported that twitter was banning crypto ads. This may not be good for the digital currency market, but it also is good for networks that do not centrally manufacture content for arbitrary values.
The article goes on to discuss how about a week ago on Monday, Bitcoin fell 7 percent below $8k. Searching google the price now is around $6.9k. So perhaps the non independence of steem to Bitcoin is a reason for steems contemporary lower values compared to the fall and winter.
The article asserts Bitcoin is down 42 percent from the $13k price at the beginning of 2018. Apparently google and facebook have also interfered in this market and the free exchange of ideas, for the stated goal to protect against fraud. The article discusses bitcoin price increasing during a G20 meeting, and how Italy's central banker may have endorsed not banning cryptos. The CNBC article also references another CNBC article from that week that Twitter CEO asserts:
"bitcoin will eventually be the single global currency"https://www.cnbc.com/2018/03/25/bitcoin-will-eventually-be-the-single-global-currency-twitters-jack-dorsey.html
It will be interesting how the market adjusts to crypto going more and more mainstream. Perhaps state bans and other regulations will turn the tide? Is it possible that the cat can go back into the bag and people will continue to use central bank printed fiat that is prone to inflation and money printing, or currencies that have a tied value to some commodity or code? Wonder what will be the our reality in 5 years?
Source
https://www.cnbc.com/2018/03/26/bitcoin-falls-7-percent-to-below-8000-after-twitter-bans-cryptocurrency-ads.html
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it's actually a battle between stocks and cryptocurrencies, a zero sum game, whoever wins which is a lose to other player.
idk about a a battle with stocks, but i suspect a battle with central bank printed fiats.
Twitter also bans people they don't agree with politically. It's not just crypto. They are communists.
yea very sad how they act, I'd be pretty ticked if I had their stock
Me just banned for a month for sharing a blog-message opposite to "official" media ... ok, Twitter, lets see who finally will live and who will drown ...
yea and sounds like the delisted wikileaks links during 2016 election
the only thing that helps is a new system. like Buckminster Fuller said
Twitter needs captchas like all the other social media because there are more bots than users. #twittercaptcha Seems they don't have to worry about their income 😥
they seem to help set up bots, twitter seems to be mostly bots
That does not make them communists. Authoritarian’s do the same thing just like capitalists. Censorship is a universal thing. I will agree that censorship is bad but I won’t agree because it’s bad they are communists. They are capitalists listening to other advertisers and other interests protecting their profits.
yea not sure, hopefully we will be free someday
I feel as though eventually if twitter wants to survive they will have to give in to cryptocurrency .... Crypto isnt going anywhere
i concur
Thank you for giving nice information
glad you liked it
Very informative, thanks for sharing. I've smashed the upvote button for you!
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cool interesting idea, thanks
I think its a good direction most ICO's use the funding to start a business when IPO's are already established businesses . A white paper is a just business plan. aside it will clear out all of the fake accounts - Http://satoshipapi
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cool, good luck selling it,
do you think that the reason for twitter banning crypto is because they want to launch their own one
lol
yea I could see it, sounds like fb is considering that, i imagine they all will have to to prevent silencing voices, shadowbanning and for profit sharing to be more competitive
hmmmmmm
yea disenheartening
very very nice
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go get em steem police
thanks, glad you found it to be nice
recommend making more meanignful comment to avoid downvoters
ok bro
It’s part of the turmoil we need to go through
yea unfortunately it seems thats the direction the media oligarchs are taking