Earlier this year, Facebook went on a bit of an anti-crypto rampage, vowing to remove all cryptocurrency advertising in an attempt to reduce the number of scams users of Facebook are seemingly susceptible to.
First off, wouldn’t it be better to try and educate people about the benefits of cryptocurrency, instead of just censoring it all together? I guess that’s a bit of a never-ending debate, probably best left for another day.
Following Facebook's big footsteps is Twitter, who have recently vowed to remove any accounts that are seen to be engaging in any ‘scam related’ activity, be that offering to assist other Twitter users in get rich quick schemes, to displaying and retweeting overt and manipulating advertisements.
Obviously, it's quite difficult to determine which Twitter users are legitimate and which are participating in scams, this has been made ever-more-clear recently when the Twitter page for cryptocurrency exchange group ‘Kraken’ was taken down for its involvement in potentially malicious behaviour. Obviously, Kraken have were not involved in any scams and this is simply just an error on Twitter's behalf. What this does highlight however, is that there are many vulnerabilities in Twitters observations, how can we trust they are only removing potential scams and not just trying to totally censor the word ‘cryptocurrency’ entirely?
This method of policing, in my opinion, is a bit irrational, it does seem that Twitter want to have the best interests of their users at heart and rightly so, if they are able to only target scams and malicious users, otherwise this is simply just going to damage the reputation of big cryptocurrency exchanges, writers, bloggers and users, not only that, it prevents more people using Twitter to discover the benefits of cryptocurrency and its inherent advantages.
I’ll finish this with a little tip from KitGuru “The majority of activity on Twitter is unregulated, giving #ICO and other cryptocurrency-related hashtags a large platform to market their dodgy behaviour. While Twitter makes improvements to try and quell scammers, users are advised to be cautious of what they click on”.
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