{"id":1283,"date":"2019-07-11T15:23:36","date_gmt":"2019-07-11T13:23:36","guid":{"rendered":"https:\/\/brianoflondon.me\/?p=1283"},"modified":"2019-07-11T15:27:53","modified_gmt":"2019-07-11T13:27:53","slug":"facebook-lied-about-the-cryptocurrency-industry-to-destroy-it","status":"publish","type":"post","link":"https:\/\/brianoflondon.me\/2019\/07\/facebook-lied-about-the-cryptocurrency-industry-to-destroy-it\/","title":{"rendered":"Facebook lied about the Cryptocurrency industry to destroy it"},"content":{"rendered":"\n

Andrew Hamilton<\/strong> wrote this, it needs to be more widely disseminated. It directly refutes the malicious terms and conditions Facebook put into action when they banned cryptocurrency (and associated blockchain projects) from advertising online in January 2018.<\/em><\/p>\n\n\n\n

\"Facebook's<\/a>
Facebook’s deceptive and malicious cyryptocurrency advertising ban terms and conditions.<\/figcaption><\/figure><\/div>\n\n\n\n

I’ve been running @jpbliberty<\/a>‘s Class Action Lawsuit against Facebook, Google and Twitter’s Crypto Ad Ban for over a year now.<\/p>\n\n\n\n

The one objection I hear most, including from people in the Crypto Industry itself, is: “But there were so many scams”. I’ve heard people saying that over 80% of Initial Coin Offerings (ICOs) were scams. <\/p>\n\n\n\n

Well ITS A BIG LIE!<\/h3>\n\n\n\n

“But there were so many scams”<\/p>– Everybody who bought Facebook’s big lie<\/cite><\/blockquote><\/figure>\n\n\n\n

And one that was used by Facebook etc to cover their own illegal conduct.<\/p>\n\n\n\n

I’ve done a detailed investigation of this issue and found that the level of scams in late 2017 \/ early 2018 was quite low and most Crypto Projects and actual ICOs were legitimate.<\/p>\n\n\n\n

The allegation that most Crypto Industry projects were scams and billions were lost in ICO scams is patently false and lacking in any real evidence. ICOs were just a new way of startups raising money from private investors which has gone on since the dawn of investing.<\/p>\n\n\n\n

It is mostly just 3rd hand hearsay and trolling of competing projects. The number and value of actual scams compared to the size of the crypto industry is small.<\/p>\n\n\n\n

Official Government Statistics on Scams<\/h3>\n\n\n\n

The Australian consumer regulator (ACCC) did a detailed study of scams in 2018 and put out an official government report<\/a>.<\/p>\n\n\n\n

This is what the report finds:<\/p>\n\n\n\n