By now, you have seen news of Zuckerberg and his soon-to-be obsolete social media platform FaceBook announcing updates to their policy on posting. I say obsolete, because platforms using blockchain technology are becoming the next generation of social media mainstream. Those that don't embrace the blockchain will be left out. BUT...yes, there is a BIG but...read on to see my big but.
First and foremost, shout out to Danny Yelverton. You can find him on YouTube @CRYPTO 99 and reach him on Twitter _crypto99. He is a genius on all things crypto and recently posted a great video on youtube which motivated me to write this blog.
In short, cryptocurrency ads are "prohibited" on FB. It seems like an attempt to:
- help the impulse buyer; stop him/her from spending all their money or maxing out their credit cards on cryptocurrency
- help innocent buyers avoid ICO scams or cryptocurrency pyramid schemes
- work with Google and other MSM to keep the massive FaceBook population in the dark about cryptocurrencies
I'm really partial to the last one : )
UNDER FACEBOOK'S PROHIBITED CONTENT:
Prohibited Financial Products and Services:
Ads must not promote financial products and services that are frequently associated with misleading or deceptive promotional practices such as binary options, initial coin offerings or cryptocurrency.
MY BUT
Tyler Durden via ZeroHedge mentions the ban by Facebook, but also of an integration of Litecoin in the FaceBook platform. He wrote Zuckerberg made an announcement via Facebook of how he wants to somehow use crypto if or when the time is right. Durden also mentions Coinbase appointed a Facebook executive to its board of directors. Lots of hot things happening in the cryptoworld.
Is it time to purchase some more Litecoin? Litecoin is trading around $150 USD, 4th of February 2018.
To buy or not to buy LTC?
Let me know what you think.
Happy Steeming!