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Facebook & Crypto: The Fear Of Demonetization by josediccus

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· @josediccus · (edited)
$97.09
Facebook & Crypto: The Fear Of Demonetization





![Screenshot_20220203075148_Canva01.jpeg](https://i.imgur.com/1E0CFnD.jpg)


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I saw some series of video on Facebook for the past few weeks. There is this content creator that has specifically championed gaming, blockchain and crypto as the future quite differently from the kind of contents he brings. He was so excited about the prospect of play2earn. Obviously, he only knew about creating contents for Facebook and YouTube, he has however never been demonetized in any aspect, I saw an excited young man who has opened himself up to be educated about the prospect of gaming to earn and the tech behind crypto.

 His content creating took a huge turn from talking about global issues to discussing crypto and gaming and while Facebook itself hasn't demonetized him, his followers are already beginning to throw in the towel and demonetizing him on the side already by reporting his page and reporting his account. One thing I don't know is, Facebook contributes to a huge percentage of his earning, and I feel he could totally tank the merchandise he's bringing on Facebook to tilt to what his followers want.


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#### Crypto's Notoreity On Facebook


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This is because content creator have a lot of fear, but one of the dominant fear is **the fear of being demonetized.** This isn't just synonymous to centralized platforms, but this isn't a topic for this post. Overtime I have come to realize that a lot of people knows that crypto is liberating. A chunk of people who turn up on online to play **"Call of Duty"** or to watch memes on Facebook already knows about crypto. 


One of the most dominant selling point of crypto, is its ability to change lives and earn people money they haven't seen before. Now while this selling point is a bit aggrandizing and overrated, I feel that many people have a shallow knowledge of crypto before deciding to buy in. The aspect of making money beyond one's original source of income makes people overate crypto so much and bash it immediately there's a fall in price.


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I've seen content creators on Facebook preach crypto for a while with their contents then they stop doing so, why is this? This is because crypto isn't a new kid on the block. A huge percentage of audience or population on Facebook or Instagram have at one point in time bought wrongly into crypto due to the hype and have accrued some loses along the way. This makes them bear negative grudges against crypto rather than the coin or project they actually bought into. 


So whenever a content creator tries to talk crypto with their contents, they're met with so many negative reviews of how their video sucks and how the *dip in price* makes Crypto a terrible option. Some of these content creators do a lot of research before making these videos, but their audience gives them the thumbs down simply because these people have once invested amiss and lost atrociously. Now this is why Facebook isn't the best place to learn about crypto. Eventually these creators succumb to pressure and stop doing these contents altogether.

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#### The Hype > The Product


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I sometimes feel that the major advertising of crypto has centered so much on money, it's other potential like freedom and ownership is often overlooked, this is how Facebook and co sells the vendetta that crypto is back by nothing and therefore very bad. So many people have bought the hype and blamed crypto entirely and while it's evident that money is the most attractive way to sell crypto, it's probably not the only way to actually do so. 


However, we cannot change the online habits and practices of people. Facebook is the place where people go to get informed, YouTube is where they choose to get educated. Scam sells a lot in these places and so many people have fallen for some scams in the past and this are the majority of people vilifying crypto rather emotionally instead of logically and the narrative will continue because content creators will shy away from this, even if they might be secretly buying crypto, they wouldn't see it anymore as any opportunity to change the lives of their audience.

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#### Social Actors Maligning


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Now let me admit that the fear of demonization makes content creator very erratic and too emotional. We have to admit that there are so many actors behind how monetization on the internet works and sometimes this isn't about the truth or lies or about what is life-changing. Truth is, those who made money from crypto wouldn't talk about this on Facebook, the fact that they've lost maybe in bearish situations makes them think the proverbial milking cow is dead, hence spreading hurting things will mitigate their pain.

 When there's less emotion to crypto, people will think or reason better. In Nigeria, so many people are more educated about crypto than in some other third-world countries. The effect of poverty is why some people in these places would jump at crypto for *the quick buck* without thinking of how it might structurally change so much about their lives. As for content creators who are interested in bringing the good news of crypto without any ulterior motive, the fear of demonetization might half the process.





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> **Interested in some more of my works?**



<hr>

##### [A Personal View Into The Meaning Of Spirituality (ecoTrain QOTW)](https://hive.blog/hive-123046/@josediccus/a-personal-view-into-the-meaning-of-spirituality-ecotrain-qotw)


##### [Why You Couldn't Create Good Contents In 2021, Why You Still Wouldn't In 2022.](https://hive.blog/hive-167922/@josediccus/why-you-couldn-t-create-good-contents-in-2021-why-you-still-wouldn-t-in-2022)


##### [A Psychoanalytic Dive Into Incentivized Loyalty](https://hive.blog/hive-167922/@josediccus/a-psychoanalytic-dive-into-incentivized-loyalty)



##### [The Nigerian/African Disposition On Marriage As An Endowment](https://hive.blog/hive-181017/@josediccus/lghdiell)



##### [Living & Living Unintentionally (The Financial Repercussion)](https://hive.blog/hive-167922/@josediccus/living-and-living-unintentionally-the-financial-repercussion)



<hr>


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#### @Josediccus, your brother-in-pen & heart

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*I'm hoping to reach more people who are broken at heart and spirit, so share on any platform or reblog*

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### <center> [My Twitter handle](https://mobile.twitter.com/PERCIVAL_JOEY)</center>

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@azamrai ·
$0.06
Yes, you are absolutely right that Facebook is not right place to learn about crypto to invest. Br careful in this matter, as the content creators on Facebook are not always expert. Thanks for sharing this kind of knowledge. Can you give me your discord please!
πŸ‘  
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@josediccus · (edited)
For some others, they already understand this, it probably affects newbies who are looking to Facebook to actually get information about Crypto. 

As for discord, it's josediccus1599

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@azamrai ·
Thank you for this.
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@india-leo ·
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Do you know that you can earn a passive income by delegating your Leo power to @india-leo account? We share 100 % of the curation rewards with the delegators. 

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@jfang003 ·
$0.45
The gaming community really doesn't like crypto or NFTs. In a way, I think it's more likely due to being part of a token scam or pump and dump or it's because they don't trust the gaming companies. They don't think having a token or NFTs will be anything new that some games haven't done before. The first thing they think when they see it is that it is a scam but I am not surprised given the game companies cash grab attempts in the past.

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@josediccus ·
Game companies would do anything to paint blockchain games black and basically these puts a lot of their die hard players in the dark. I don't know much about gaming companies but all I know is that they take almost everything on the table, depriving the people who are really bringing value to the games. It's textbook theft. 

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@peaq ·
> This makes them bear negative grudges against crypto rather than the coin or project they actually bought into.

This resonated so much with me as I remember speaking to a close friend a while back about crypto and I was met with aggressive responses. 

After digging deeper I realized she had bought BTC without doing her research and when it’s value declined she panic-sold all she had.

I had to make her realize that her errors were not as a result of her purchase of a crypto currency but on her fear and short-term mentality she operated with. 

And there’s no denying that the fear of demonetization is a real thing for a lot of content creators.
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@rzc24-nftbbg ·
$0.13
> . . . crypto is backed by nothing . . .

I heard the same thing when one top Executive in one the major banks here in the Philippines bashed crypto. And you know what he said next that caused me to fall off my chair? ". . . but CBDC is backed by the Central Bank." I just could not understand how these top executives think. But later on, I realized that they're coming from a different world and that's why they see things differently.

>  Scam sells a lot in these places . . .

Experienced that personally in promoting lending companies. Also, one time, I saw in my feed, a Pancake Swap link, but when I clicked it, Brave warned me that it might be a phishing site. I wonder because Facebook is so strong when it comes to content censorship. How come they are not screening these companies before allowing them to post ads on their platform? I am not sure if my conclusion is accurate that Facebook seems to me that when it comes to advertising, as long as companies are paying them fees, they don't care about protecting their users.    

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@josediccus ·
> How come they are not screening these companies before allowing them to post ads on their platform? 

As long as it's not legit crypto that unsettles the balance and gives people solid information that could change their lives, it's about money with these huge centralized platforms. The usebase of facebook is largely ignorant because Facebook is only filled with ads that misleads people. Most of these people are ignorant and exposed to the scams they see on Facebook, it'll be difficult to believe Crypto is even legit. Facebook wouldn't change, it's about making money and keeping people ignorant from the real deal..

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