Perhaps Twitter's ad ban on cryptocurrency is merely Bitcoin maximalism, rather than pure anti-cryptocurrency sentiment.
In a commentary I wasn't exactly expecting so soon after the Twitter ad ban, Twitter (and Square payment processor) Jack Dorsey has come out oddly optimistic on Bitcoin, saying he sees it taking the throne of "global digital currency" within 10 years.
Nevertheless, Twitter does not yet appear to accept Bitcoin payments for advertising contracts, rendering a slight discontinuity in the logic being applied here.
Facebook, on the other hand, is far too busy with their cratering stock price and fleeing investors. As of yesterday, you can add Mozilla (the organization behind the browser Firefox) and Commerzbank to the list of advertisers who will no longer do business with Facebook.
This is actually a pretty gruesome stock chart, it's just that we are used to such aggressive market carnage in crypto that we forget mainstream, systemically critical stocks like Facebook don't just dump 10%+ without causing worldwide financial ramifications. The amount of investor capital vaporized in this stock dump is enormous, as Facebook alone remains over triple the market cap of Bitcoin itself.
I'm really enjoying watching the unwashed masses turn on Facebook suddenly, now that they have heard about Cambridge Analytica. I have been telling everyone that Facebook has been datamining them and selling that information to the highest bidder, who is usually either a corrupt corporation or globalist, or their puppet politicians. Facebook is an active threat to Democracy, Income Equality, Human Happiness and basically everything good and just.
All I got was years and years of accusations of being a conspiracy theorist for having the gall to refuse to assume a faceless corporation started by a thieving college douche didn't have my best interests at heart.
I truly can't wait for this pig to die, in case you haven't been reading my blog. The day Facebook finally collapses will be a great day for humanity and human happiness. I look forward to welcoming our new "MyBook" overlords.
We also have a Radio Station! (click me)
...and a 10,000+ active user Discord Chat Server! (click me)
Sources: Google, Cointelegraph, ZH, YahooFinance
Copyright: The Office, NASDAQ, Facebook
Glad Facebook took a dive. They never really had a reason to stop the crypto ads
apparently FBI had forced them
for what reason?
unfortunatelly Im not fully aware. I said apparently because I only read it somewhere on steemit but I didnt really do much research. Hope I didnt repeat some nonesense :)
Agreed FB selling peoples information and profiting on unsuspecting citizens.
They are not the only ones. Just the biggest to get caught.
Very true..
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Glad to see fb's stocks got such an crazy sharp decline there, hope it continues, all the way to 0. I'm sick and tired of them making money on billions of unsuspecting sheeple. + all the spying and whatnot.
Yeah, maybe it will made them think and stop this stupid ban.
Am tired of them too.
"In the end, the world will come to a single currency, the Internet will come to a single currency. I personally think it will be bitcoin, " Jack Dorsey said.
bitcoin will never be the one as it cant handle even 300k transactions let alone billions that would be necessary for it to be a real currency used worldwide
Absolutely!
ye they are too much of a monopoly. lol sheeple to true unfortunately! saw on the news the other day they had given away 57 billion friendships!! how insane is that?!
How will Mark Zuckerberg pay for his "how to act human" classes after?
Sure
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Get lost, spamming moron.
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Wow, that will be a great news to the steemit world. Hope the huge businesses will see the potential of crypto in the market.
Yes I agree
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I believe in future; people will be divided into two parts of crypto protagonists and antagonists.
Its happening already
Funny!
But I see that coming too
I hope so too. But this digital currency looks like it's going to Unit the world.
More accurately, three groups. Protagonists, antagonists, and a larger group of people that just don't care. Most people just want to get on with their lives.
Everyone wants to get on with their lives, if you were not involved with cryptocurrencies in any way, would you have cared anything about it?
It is just a matter of whose interest lies where. Everyone pursues their interests, and everyone believes they are right.
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Yeah, I agree that is kinda happening already. People are very proud of opposing crypto.
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This willall blow over. Most people don’t care about their data (at least not yet) as they don’t understand the impact. If you offer a model where Facebook is free but they can sell your data, or a model where they have to pay a small amount to have an account and virtually all will immediately sign up to the free version!!
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Zimbabwe is the end game.
A very good news an that too from such a powerful guy who dominates the social media god bless to all crypto investor
Hopefully people will realize the truth about fb, and move over to Decentralized platforms. Same with banks. Well, same with everything. Time has come for people to retake its power.
You’ll hate me for saying this but I think in a year Facebook will be well above their old pre dump price. Hopefully I’m wrong.
Hmm that is interesting because of what you mentioned about the cryptocurrency advertisement ban on Twitter, I guess I can see them trying to adopt their own cryptocurrency first too.
Thanks for sharing
What's new here, in the pronouncement? I alreay knew Bitcoin to be a "global (world) digital currency" long before now. All the same, thanks to Jack Dorsey for stating the obvious in the face of increasing attacks from the establishments and their partner corporations. Cryptos rule, dazzol!!!
It's about who, not what.
Not sure why the Cambridge Analytica "news" comes as such a surprise to the masses. Are they unaware of the IM transcript leak in 2009 where Book Face himself called the first few thousand Facebook users "dumb fucks" for trusting him??!! That was the first and final straw for me.
I'm with you on this one Lexi, I will be dancing on FB's grave sort of speak... With the recent fiasco it's simply painfully obvious that all the fears people who do not partake of Kool Aid binges were dead on accurate.
I stopped using facebook a couple of years ago, before I even got involved with Steem.
As much as I would like to believe on a positive intention behind twitter's move I simply cant follow that at all... Here is my speculation.... What if they will release some token of their own? That would explain the necessity to sweep the front of the house...
What if likes become monetized? (dramatic music)
That would make sense to me... I guess we will have to show up when they send out the ribbon invitations.
Have you seen what China is doing with their "facebook"? Horriying.
https://steemit.com/news/@lexiconical/if-you-think-facebook-is-bad-watch-out-for-chinese-social-media-1984-style
Do you know what I really really love on Twitter and I heavilly recommend you to check out @lexiconical? Nouriel Roubini's page. Check @nouriel out on tweeter, read his tweets and comments and thank me later.
I do it everyday and it's a blast!
Ah, yes, I'm familiar with him!
It's good to see positive spin from the tech main stream. My take on the advertising bans is that these companies are taking these actions for two reasons that you hear little discussion over. The first is simply a defensive legal stance until it is clear where they stand with the SEC and other regulatory agencies. If they host ads to sketchy or fraudulent projects, it's not hard to imagine their legal teams telling them to be cautious. The second is more nefarious. How long before a company like Facebook spins up their own alt-coin and then makes it the only one usable on their platform or at the very least makes it much easier to use than other popular cryptos?
Agreed on both counts. FB is already talking about paying content contributors, etc...
Cryptocoins cannot replace the national currencies of each country. To be competitive in their exports, countries need to have control over their own currencies in order to revalue or devalue them according to their needs. A world currency imply a world government, a world tax policy, the same level of wages and equal rights (costs) throughout the world, which in the coming decades is a utopia. At best, the best blockchain technology (faster, safer and cheaper) can be used to intermediate the conversion of the nacional currencies. Maybe it will be possible a worldwide chosen common cryptocurrency to intermediate the conversion of nacional currencies. In other words, this worldwide chosen cryptcoin (I think it will be XRP) will have a variable conversion rate defined by the central banks of each country and It's value will be stable and not defines by its stock market value.
"A world currency imply a world government, a world tax policy, the same level of wages and equal rights (costs) throughout the world, which in the coming decades is a utopia."
I disagree with this assumption. You are describing a CENTRALIZED world currency. The rest of your observations flow from this fault.
I would agree with what you had to say if we were dealing with a UN-issued world currency, or something like the Bancor which they used to talk about...
Indeed, well put....
The TRUE concept of decentralization is something that illudes a lot of people still.
Unlike communism, it is viable, and not only viable but the way forward. Decentralization is a concept that even countless people using the word on a daily basis don't grasp what they're talking about because the paradigm is so different.
Well said!
Great post!
now i am following you,upvoted this post and resteemed
Facebook finally getting an informal audit through this. The power it has over our culture and populace give it a strong influence over our society that could pose significant privacy risks. This community out of all should care about the rammifications to online identities. Lets keep our own fight Steeming along!
Maybe Jack has a good amount of bitcoins.
unbelievedable
ha ha book face sounds funny, many people has complain against fb and most of my mets says its waste of time still they wasting their time there 😂😂😂
Nice article, thanks for sharing. I've smashed the like button for you!
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Nice article, thanks for sharing. I've smashed the like button for you!
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GOOD information
Twitter CEO said the fact and it is really gonna rock in future . Truth has been spoken rightly. Bitcoin is gonna put some fire in currency's world.
#bitcoinrock #cryptorocks #steemitlove
Thanks for sharing such informative post
Good post.
Facebook has done piracy. It will lose its fame soon, it is already into too many controversies these days
Why has twitter accepted bitcoin, do they have problems with cryto market?... thanks for posting
Thanks for the update
It is still unclear about twitter owner. Is he planning of creating his own coin (twit coin) or trying to invest largely on bitcoin.
The heat is already on Mark, facebook lost over $4 billion dollars recently and seems more are still coming. Lets wait and see what happens in few weeks
Yes it is true that people still use facebook even though they have a great platform like steemit because most do not realize or their countries have banned sites like steemit.You know now a days I really don't use facebook because it's a waste of time and at that time I can use the steemit and earn money as well as meet with extraordinary people like you @lexiconical
Thanks for imformation @lexiconical
Yes it is true that people still use facebook even though they have a great platform like steemit because most do not realize or their countries have banned sites like steemit.You know now a days I really don't use facebook because it's a waste of time and at that time I can use the steemit and earn money as well as meet with extraordinary people like you @lexiconical
It is clear for me that crypto is a future. But I wouldn't give the whole monopoly to the hands of Bitcoin. Plurality of currencies will stay.
I am eventually convinced, Bitcoin will turn into antiquity later and different more-modern currencies will take all its place. This is just my opinion. But Bitcoin will never be alone.
Good one
Twitter CEO telling us what we already know. Information is a currency 💱 x. So am not surprised FB is cashing out from it.
For years we've been told we're living in the age of information.
Thanks for the info
Bitcoin came through
Doesn't Bitcoin already have the throne of the "global digital currency?" I don't know about this Jack Dorsey guy he has never really been on a business winning streak only a hype one over the years. Square has gone flat and Twitter with all of its user and worldwide publicity still can't make any money.
With that said we are in for some changes but we need more time to lets things settle down.
In terms of facebook I like you have been railing against their schemes for years. They are the absolute worse and as you can see from Zuckerberg, they have no plans to change.
We have to be mindful about these places where people gather. Strange things can happen and agendas can cause people to get hurt especially when there is the prospect of making money.
The model is a difficult balancing personal advancement with community good. It takes a group in charge who both cares and is really switched on.
thanks for ,this news
The writers like you need the steemit community. By doing so you can succeed in providing us very good information. I am proud that I am part of this society. I read every article you need. And indeed I responded very much to you and your articles.
I know you can climb the highest mountains. Never lose faith in yourself. Good luck!
All the best for a bright future! May there be success at every turn of life and all your dreams come true!
It will at least be a concurrency
Co-currency
Sorry - damn autocorrect
Meaning it exists alongside other currencies.
Telling people about data hoarders like FB has been an exercise in futility. I've always gotten the reaction; "well I don't put anything sensitive on there anyway".... until now. All of a sudden that warning we've been giving them for the past 10 years kicks like a Mule...
I believe in future..........without your hard work no good future to be found.
i agree
Interesting. Mozilla and Firefox have turned their backs on Facebook. Others will surely follow. A great opportunity for Steemit!
More and more people see that, 2018 is gonne be exciting for crypto!
His words reveal his intention to do something new and not just repeat the words of others
So much negative news around cryptocurrency, market manipulation by FUD!
I love you
I think cryptocurrency will get bigger platform in near future.