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I'd be quite stoked were Facebook to ban most but not all cryptocurrency ads. What I find most disturbing are all the self-appointed "experts" who offer classe
by SoggyMike 9y ago
I'd be quite stoked were Facebook to ban most but not all cryptocurrency ads.
What I find most disturbing are all the self-appointed "experts" who offer classes in which they will teach their "system" that they claim will guarantee the students collossal returns on very small investments.
However there are lots of ads that I'd like Facebook to keep. Many of the ICO (Initial Coin Offering) ads are from legitimate startup companies who hope to finance their new businesses by selling tokens at a fixed price for a limited period of time.
But I only want just the _legitimate_ ICO ads to remain. Unfortunately there are plenty of ICO scams. It can be quite difficult for a newbie to determine the difference.
I had a good experience with my first ICO - I bought NAGA at $1.00 then after it was listed with an exchange, I sold it at $3.00.
I have three other ICOs that I plan to hold until the companies behind them become profitable.
Note: "sold". I have a special hatred for the word "HODL".
There are other kinds of crypto advertising that I feel should remain. I'm very happy with my Bitmain Antminer L3+ LiteCoin mining rig.
Even with mining rigs there are scams: Etherium and Monero are both "ASIC resistant" because mining them requires quite a lot of memory. They both require GPUs.
In principle ASIC ETH or Monero ASIC mining is _possible_. I expect someone will eventually make ASICs with the required memory integrated into the chip.
But there are _no_ ETH or Monero ASIC rigs _yet_. Despite this, scammers are endlessly posting on message boards that their "company" - perhaps "shell company" is a better term - has ASIC Etherium rigs for sale.
- deleted 9y ago[deleted]
- tobltobs 9y agoFacebook already has: https://techcrunch.com/2018/01/30/facebook-is-banning-cryptocurrency-and-ico-ads/ https://techcrunch.com/2018/01/30/facebook-is-banning-crypto...
- raverbashing 9y ago> In principle ASIC ETH or Monero ASIC mining is _possible_. I expect someone will eventually make ASICs with the required memory integrated into the chip. Yes, it is, and you don't need the memory integrated into the chip
- dunkelsten 9y ago> But I only want just the _legitimate_ ICO ads to remain. I‘m sorry to bring you the news, but there aren‘t any. Oh, and just in case there are, the crypto ecosystem implosion happening this year will drag them along to the bottom of the pool together with all the scams.
- nukeop 9y agoOh no it won't, that genie isn't going back into the bottle. Cryptos are here to stay, and they will continue growing for decades.
- cryptomancer 9y agoHahahahhahahahahahahhahahahahahahhaah breathe aahahahahahahahhahahahaha
- nukeop 9y agoThis is a post of somebody who regrets missing the train
- herbst 9y agoI don't understand the strong negative opinion some people have. Sure we all could be millionaires but on the way we develop mathematically proven distributed information and now even computing systems (like eth) that will definitly help to shape the future in one way or another. I made money and lost money with crypto. However i dont care because I love the Technologie. Who wouldn't?
- deadmetheny 9y agoShoulda bought more Beanie Babies when they were just sitting around in gift shops as well.
- em3rgent0rdr 9y agoReminds me of the dot com boom with tons of $noun.com companies of which the vast majority were worthless. But there were some true innovations, and those gems survived the crash. Had we lumped them all together and prohibited any of their advertisement, they may have never succeeded.