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Facebook bans crypto ads, CLOUT offers an alternative

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Facebook is banning all ads related to cryptocurrencies and ICOs. Even ads about Bitcoin. The reason is clear: the social network has had enough of fraudulent and deceptive information.

The policy is understandable: unless Facebook invents a mechanism to filter misleading ads, it is easier to ban them all. However, any moderation is hard to imagine. There are lots of ICO ratings and audit companies that are dealing with the same problem of scam ICOs, deceptive information, and fraud. Still, the number of crowd sales is growing at an unprecedented pace, and so does the number of dirty players. With dozens of crowd sales being announced daily, it would take weeks for experienced experts to analyze them all and decide whether a particular ad is decent or not.

Fortunately, decentralized technologies are not only the source of the problem but also a solution. The problem of fraud has plagued the crypto-community for years, and it was just a question of time when the community would consolidate in order to sort it out. Now, the solution is here: the CLOUT project.

CLOUT is a decentralized media platform for the crypto-community. It functions as a social media, where users can share, comment, like or dislike pieces of content. The main advantage of CLOUT is its ability to self-regulation. Each user has his own rank that is formed on the base of votes that he receives from the community. If somebody posts dishonest or fraudulent content, other users can dislike it and lower the ‘karma’ of the author. Projects also have their own ranks that are being formed in the same way. So, the community regulates itself: decent projects and useful pieces of content are being approved and awarded with CLOUT’s cryptocurrency by the platform itself and its participants. On the contrary, dishonest projects and pieces of content are being penalized.

Being a media platform for ‘all-crypto’, CLOUT offers advertising opportunities for its participants. Any project can sign up and start an advertising campaign targeted to a specific crypto-related audience of potential investors. Thanks to its self-regulated mechanism, CLOUT doesn’t need a complicated technological solution or manual moderation of advertisement placements. This is all done automatically by the CLOUT reputation system.

Finally, it is worth saying that the crypto-market really needs some sort of regulation in order to keep the fraudulent projects and authors in check. However, the solution shouldn’t be autocratic – like that of Facebook – but use the power of decentralized technologies instead. Just like CLOUT does, for example.

Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Global Coin Report and/or its affiliates, employees, writers, and subcontractors are cryptocurrency investors and from time to time may or may not have holdings in some of the coins or tokens they cover. Please conduct your own thorough research before investing in any cryptocurrency.

Image courtesy of Esther Vargas via Flickr

Bitcoin

Trusted Crypto Tumbler To Protect Your Wealth

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Back when Bitcoin originally emerged, over 11 years ago at this point, cryptocurrency transactions were believed to be fully anonymous. This belief stuck around for years to come, but today, we know that, in most cases — this is no longer the truth.

Since the invention of blockchain explorers, it became possible to track every Bitcoin transaction, all the way back to the genesis block. This came as a part of blockchain transparency which promises to eliminate corruption, theft, and other such issues.

However, there is still a need for a certain level of privacy, as people like to keep their wealth to themselves, and not let everyone know how much money they have, or how much they sent for whatever purpose. This is why many are now using crypto tumblers, or mixers.

What do crypto mixers do?

As the name suggests, crypto mixers/tumblers mix up the coins in order to hide/disguise/make it difficult to discover where the coins came from. Things like the amounts, transactions, and wallet addresses to and from which the coins travel are fully traceable, which is why tumblers exist.

In a way, you could say that mixers can add an extra layer of privacy while using Bitcoin, Ethereum, Litecoin, and many other cryptocurrencies. There are many Bitcoin mixers Continue Reading

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5 Best Places to Bet with Bitcoin

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It seems like BTC is always making headlines for one reason or another.

When the market points towards bullish behavior Bitcoin is all the rage. When there is so much long action (going on right now) and then the price plummets, BTC also dominates the headlines. The same goes for legislation and when any new crypto product or platform comes out. It’s always compared against BTC.

So with BTC fever in full swing, sportsbooks around the world have adopted digital currencies as one of their main forms of funding accounts and paying out winnings. And with sports betting legalized in states across the USA, both BTC and legal online gambling are in the limelight. 

But where are the best places to bet using BTC and other cryptos? Furthermore, why would you want to use BTC, LTC, or Ethereum in this manner?

The Why

The principal reason why you would want to use cryptocurrencies in your ‘sports investing’ ventures is speed, cost, security, and bonuses.

When you use cryptos like BTC (BTX) to move money in and out of your account. You bypass the standard centralized banking system which drastically improves on both the speed of the transaction and the cost of the transaction – this is especially true with payouts. 

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Bitplaza Inc Introducing Cryptocurrency to Retail

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Even though influential companies are not ready to validate cryptocurrencies as a stable form of money, Bitcoin is becoming a more frequently used currency daily. There is a rising number of companies that accept Bitcoin for the purchase of their products, validating it as a spendable currency around the globe.

Bitplaza Inc took the next step into technology and commerce, providing customers with a platform where they can spend Bitcoins for their needs through a mobile device. It opens the opportunity for companies and brands to list their products in exchange for Bitcoin, which will give more credibility to the coin.

What is Bitplaza?

Bitplaza is a shopping app that belongs to a retail company called Bitplaza Inc, located in Pennsylvania. The app is available on both Google Play and the Apple App Store. Bitplaza allows anyone globally to purchase brand new items with Bitcoin. The app has a wide variety of products to buy online, from electronic devices, video games, even groceries. The products that can be purchased from the app range from popular brands such as Sony, Starbucks, Adidas, Apple, and many more. The Bitplaza team is always adding new products to the shopping app, making more items available to be purchased with Bitcoin. The app covers a broad range of products for the different needs of the…

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