The continued collective ban of Crypto ads by Facebook, Youtube and Twitter, is a frontal attack on the whole crypto and blockchain community. This is by far the most important reason for the loss of momentum, and the sharp decline of crypto as a whole. Most people have no idea how much power Facebook, Twitter and Youtube have over our lives. They create algorithms, which filter and organise all the information we consume on a daily basis. They know everything about us, what we like, who we talk to, even what we say and how we feel. Facebook, Google and Twitter have more power, than any government and they know more about us, than any secret service agency.
Facebook’s (and the other social networks) business models are simple. They collect user data and then monetise that data via ads. Facebook is nothing more than a personal data collection company with some tools to facilitate that. They are not the product. We are. All our user-data is owned and controlled by Facebook.
In a decentralised society — Facebook, Youtube or Twitter will not survive, simply because they will not be able to collect and monetise data anymore. Their whole business model will become obsolete. This is the reason why Facebook, Google and Twitter are in a fight for their existence against anything and everything blockchain.
https://medium.com/1000dapps/the-war-on-crypto-blockchain-by-facebook-google-and-twitter-5e958c18a36b
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