Facebook ban's 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.
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.!!
A lot of the ICO's pay for referrals and people have been spamming them on Facebook. Some of the ICO's are just scams. Facebook should be able to distinguish between decent ICO's and the scams but it's easier for them just to block all of them. I've almost stopped using Facebook because of the stupid adverts they do allow. They really have no standards and banning all crypto ICO advertising is hypocrisy.
Couldn't agree more with you !