Skip to main content

Facebook Censors Bitcoin-related Content Once Again

Bitcoin is censorship-resistant… The hashtag #Bitcoin is not.

Over the past days, Facebook has been busy censoring all posts that include the #Bitcoin hashtag in the description. There are no distinctions: Videos, photographs, and even messages have been censored, blocking the public from accessing any information related to the cryptocurrency.

Upon entering the hashtag, users in different parts of the world are confronted with a censorship screen in which Facebook ensures that posts are “temporarily hidden” in order to keep the community safe, according to its policies.

Facebook has hidden search results for #Bitcoin. Image: Facebook
Facebook has hidden search results for #Bitcoin. Image: Facebook

 

Several users went on Twitter (where it is possible to talk about Bitcoin) to denounce the ban. Twitter, unlike Facebook, has a pro-bitcoin point of view. Not only it allows the hashtag, but the cryptocurrency also has its own emoji. Its CEO, Jack Dorsey, has talked about Bitcoin on numerous occasions, saying it will play a significant role in the future of finance.

Beware of #Bitcoin!

It seems that Bitcoin is the most dangerous cryptocurrency in the ecosystem because Facebook is allowing searches for any other altcoin like #Ethereum, #Cardano, #ethereumclassic, etc. and other safer projects (note the sarcasm) like #onecoin #hex and a popular Latin American alleged scam operating under the brand name #auricoin.

Some other hashtags that Facebook considers to be safer than #Bitcoin are: #Drugs, #xans, #weapons, #counterfeit, #whitesupremacy, #Hamas and #Isis.

While the hashtag is a big no-no for Facebook, the search results for “Bitcoin” —without the hashtag— are entirely normal and have not been censored by the social media behemoth.

Facebook Swings Back and Forth With Its Bitcoin Policies

This isn’t the first time that Facebook has censored Bitcoin-related content. In early 2018, Mark Zuckerberg’s company decided to change its policies to expressly prohibit any advertisements promoting the trading of cryptocurrencies and other ICOs.

In an official post blog, the company described cryptocurrencies as products that could harm its users’ interests. They assured that the policy would be broad until they were able to refine the censorship mechanisms applied to this type of ads:

We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or disappointing promotional practices, such as binary options, initial coin offerings, and cryptocurrency.

However, Facebook came to its senses and allowed the crypto ads again… that is when it decided to launch its own cryptocurrency, Libra. “We’ve listened to feedback and assessed the policy’s effectiveness,” the corporation said in a statement.

Facebook has not issued any official statement to clarify whether this change of heart has anything to do with the fact that Libra is almost dead, and there is no need to continue supporting the world’s largest cryptocurrency.



from CryptoPotato https://ift.tt/3kM18pd https://ift.tt/3kPJK2P
Labels:

Comments

Post a Comment

Any questions, Please.

Popular posts from this blog

How to play and earn in CryptoKitties

CryptoKitties is a blockchain-based game where players can buy, sell and breed digital cats with unique attributes. Reminiscent of Tamagotchi and Pokémon, the wildly popular digital pets and creatures of the 1990s, CryptoKitties is a blockchain-based game where players can collect, trade and breed digital virtual cats. CryptoKitties was the first Ethereum-based game, and its popularity underscored many of the network’s scaling issues. This digital cat-breeding blockchain game caused quite a bit of congestion on the Ethereum blockchain, peaking in 2020. However, the game’s creators were able to address these issues. What is CryptoKitties? Launched in 2017, CryptoKitties was built by Dapper Labs, the company that uses blockchain technology to bring nonfungible tokens (NFTs) and new forms of digital engagement to fans around the world. CryptoKitties is also considered one of the world’s first-ever blockchain games. In the game, each one of the digital collectible cats possesses a
Post a Comment
Read more

Bitcoin dominance falls under 40%

While Bitcoin critics claim this means that BTC is losing its first-mover competitive advantage, others are anticipating the “altcoin season” is just around the corner, or might even be already underway. Bitcoin’s market dominance has continued to fall, bottoming out below 40% this week. That’s very close to the all-time low of 36.7% in Jan 2018 according to data from Tradingview. Bitcoin ( BTC ) market dominance refers to the ratio between BTC’s market cap and the total crypto market cap. It's not the first time dominance has dipped in 2021. Back in May, Cointelegraph reported that BTC had dipped to represent just 40.3% of the combined crypto asset capitalization, according to Coinmarketcap, and it neared the same level again in September.  Bitcoin critic and Europac chairman Peter Schiff tweeted about the event on Dec 29th, saying that it’s indicative that BTC is “losing its first-mover competitive advantage.” With over 16,000 alternative cryptos to choose from Bitcoin
Post a Comment
Read more

Five Bitcoin Price Charts Analyzing The Dramatic Q1 2022 Conclusion

There are only hours remaining until the Q1 2022 close in Bitcoin price action. With the important quarterly candle set to close tonight, let’s look at what technicals might say about the direction of the next quarter. Q1 2022 Comes To A Close For Bitcoin The first quarter of a year, often sets the tone for the year to come. In investments, a poor Q1 performance is indicative of a bad year ahead. Considering the fact that Bitcoin price is now above $45,000 after touching $32,000 this quarter, it is tough to say the performance has been “poor” by anything other than crypto standards. Related Reading | Bitcoin Weekly Momentum Flips Bullish For First Time In 2022 The cryptocurrency has recovered nearly 40% from the low, leaving a long wick behind. Such a long wick suggests that before the quarter came to a close, buyers stepped up in a major way. Buyers were able to step up in a larger capacity in Q1 2022 than bears were able to in the final quarter of last year. The bearish wick to cl
Post a Comment
Read more