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RE: Say What??? Facebook Bans ALL Bitcoin, ICO and Other Crypto Advertising

in #bitcoin7 years ago

Though you make good points on the idea that Facebook is taking action to protect their content providers from scammers, however, you should keep in mind that this type of censorship is the type of control that hinders innovation and progress. Facebook is not hesitating to take advantage of selling your information to another company that is seeking to scam you as well!

We have given up our freedom and privacy to these corporate giants for too long, which is why more and more I'm supporting decentralization of such social media platforms. It's clear that Facebook has the freedom to do whatever they want, so my suggestion is for those in the crypto-community to use more sites like steemit to educate and inform the public about a project they truly believe in.

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Facebook is trying to clean up their act, believe it or not that is a good thing.

So far as decentralization of social media goes... @ned clearly describes Steamit well "Steemit is a centralized website sitting atop a decentralized protocol—that's steem"

The point i'm highlighting here is that it's not practical to "deventralize everything" which is why EOS IO, for example, has a custom application infrastruction framework. Ironically Block. One the company developing the EOS IO software uses "Decentralize Everything" as a slogan!

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It's not, imo a struggle for freedom or privacy that is generally a choice and most choose the social platform with 2+ billion active users over the less popular under 1 million user platforms, regardless to the underlying technology.

There are other incentives such as monitization those which are different from a user and advertisers perspective and here we can agree as Facebook taking a hit on advertisement revenue combined with it's own interest in exploring cryptocurrency and blockchain tech as announced in it's new year statement could be an indication of it paying close attention to user growth stats across various platforms.