FB

myc4L

Take that Suckerbergh! ( I have no idea of FB's value tbh , Just wanted to say Suckerbergh )

dkk19507

Because I've been stupid. Had the chance to buy $1500 in FB while it was still a bedroom activity - and I was like 'fuck that'. Same with crypto - I considered it 'monopoly money'. For all others, too late, too slow...

niraeth

Everybody willingly gives their data to FB, TikTok, Amazon, Google and whatnot, but privacy is the issue. Nah. It’s a concern, and Web3 can solve it, but most just don’t care. User experience is the limiting factor. Tell my parents to get a meta mask, a seed phrase and go to pancakeswap and they’re shitting their pants. Even with account abstraction and social logons, which are becoming more the norm, it’s just too confusing and scary for most.

Damondemo

Establish a stop-loss and take-profit ratio. As a newcomer, I advise downloading this application and reviewing its tutorials. Additionally, watch YouTube videos, exercise prudent financial management, and prioritize learning the fundamentals. Avoid succumbing to greed. Furthermore, developing a robust psychological mindset is essential. https://pro.goforex.app/28FB/meopj3zn Check out "TradingView" when you're ready. You could also use Coinmarketcap or CoinGecko, which is friendly. Do paper trading, which is fake money trading in real-time. That's it. If I missed anything, I hope the seniors could enlighten me.

Great_Can3252

Why on earth would you post something like this? Use FB or something.

Daddy_Magnus4

Can we delete these posts? This isn't fucking FB.

Brilliant_Location15

Trading is not for the weak, I tried trading and also tried copy trading but I lost funds, until I met Mrs Melissa valdez, when it comes to trading, the way she analyses the market and best part she still gives a good result even with the fluctuations of the market .I started with the least and now I earn $30k to $50k weekly without stress.. message her on FB melissa valdez fx

Lt_CryptoSxm

Good day. My name is Lex. I'd like to see who wants to help me on a random quest. I want to see if it's possible to raise enough money to open my own professional car wash business. There MILLIONS of crypto users.. imagine I can get enough people to send me anything they can, I believe I can reach my dream. The goal is $80K. So either 80.000 people send me $1 or 8000 people send me 10$ or 800 people send me $100. I truly believe this will make history and we can get this done together. So please help where you can. It can be $1, $20, $50, $100. Whatever you can. Thank you in advance 💙🙏 if this happens. I will be fully transparent and document the whole thing on TikTok or FB This is the SOL address: 8zxFfGFrCmWyU3eoQQHPDdVY5TRxHbrXdkPps2KHw6KU This is the Eth address: 0xE176cfCCC409cee4Ab32A539effaF3aa233dC0e0 This is the Matic address: 0xE176cfCCC409cee4Ab32A539effaF3aa233dC0e0

Aidsfordayz

Saw an article about it on FB while playing COD In 2010. Nearly clicked it but the enemy was disarming our bomb 😢

ConnorCink

For buying stuff: BitPay has a list of merchants that accept BTC as payment BitPay.com/directory. For selling stuff: Craigslist/FB Marketplace and offer a discount for bitcoin.

Patient_Delivery_376

Just enjoy your bag for the moment. However, don't be a bag holder. Don't be afraid to take profits when the time comes. As for the question, whether SOL is a long-term hold and an "Ethereum killer". I am 1000% sure that the question is no! For the simple fact that SOL is literally not a blockchain, as it doesn't even achieve consensus. Don't trust my word for it, read for yourself these peer-reviewed academic papers by a prominent cryptographer Shoup and other established researchers: [https://www.shoup.net/papers/poh.pdf](https://www.shoup.net/papers/poh.pdf) [https://tik-old.ee.ethz.ch/file/9d40dad802dd12d9ba1f1b7c1759920c/Solana\_\_\_ICDCN\_24.pdf](https://tik-old.ee.ethz.ch/file/9d40dad802dd12d9ba1f1b7c1759920c/Solana___ICDCN_24.pdf) What you need to understand is that blockchains are highly complex technologies that require highly skilled people with deep expertise, at the very least a Phd in either Cryptography, Distributed Systems, Mechanism Design, Computational Complexity or closely related area. SOL's founder, Toly, has none of those. But Toly is very good at blablah. And the vast majority of crypto investors are non-sophisticated investors. Furthermore, Toly does not even try to address the very issues of SOL. At least, Ethereum knows its limitations and fund research to mitigate these limitations. SOL is closer to FB and Google than a blockchain. But at least, FB and Google don't try to pretend to be a blockchain and offer infinitely better quality and more secure services. SOL is the very definition of a product with nothing underneath, but lies and deceptions and using the technical ignorance of retail investors to promote its "product". This is not so surprising, since the VC behind it, a16z, is the same VC behind most shenanigans in Silicon Valley, such as Elizabeth Holmes, Adam Newmann, and others.

Tycus-54

The network effect and the security is what makes it attractive and that will only increase as more people start to use it. The network effect is extremely important, that is for example why FB has been undefeated king at social media platforms for so long.

Puzzleheaded_Popup

Coin bureau on youtube has a decent starting area that goes over various topics to help guide and educate, not push you into certain areas. Be careful and avoid DM’s, FB and Nigerian Princes and their collaborators still not accepting fault for “crypto zoo”.

lamp-town-guy

Sir I worked in IT for a fintech so bank like environment. We provided credit for people. Both sides of your ID is not enough. There were people submitting IDs of their partners and stuff. When we added selfies with ID shortly after we started, we received photos of sleeping people with their passports. Before I encountered this I had similar view to yours. But there's basically no other way to do it right now. Unless you have other entity which can prove your identity. In Czechia we have bankID. Which means bank did all the KYC so you just need to login with them and that's all. FB login style.

Patient_Delivery_376

"Solana has the best tech" Clearly you don't know what you talking about. Solana is not a blockchain. It doesnt' meet the criteria, since it doesn't even achieve consensus. It is very similar to Google or Facebook in architecture, but at least Google and FB are way way better engineered.

HSuke

Unless you're in crypto, in which case no one uses FB, Tiktok, IG, Snap. And everyone is using Twitter and Farcaster/Warpcaster

privacyguyincognito

John doe doens't care about decentralised social media when all his friends are using FB, Tiktok, IG, Snap and nobody using Farcaster. Also most people don't care about privacy at all.

Beneficial-Field9672

Flipped a bunch of cars from FB marketplace for cash and sent the cash via mail to someone via Bisq for sats. Sell scrap metal on the regular and do the same thing. Done electrical work for sats plenty of times. Blue collar bitcoin baby.

Blooberino

RDDT will crater on market debut. Most big tech stocks do. Look at Twitter and FB when they hit the market. Took ages to make it back up. Might be something to hold and slurp the bottom.

ARoundForEveryone

I don't know this guy from a hole in the wall. And everyone - even investors or influencers or bitcoin gurus - has to start somewhere. Even if that's a FB group. But it's extremely unlikely that some guy on Facebook has something figured out that "big money" hasn't. The Fidelities and Schwabs and Vanguards and Blackrocks and all the rest....they...can't? won't? do what this guy is doing? I mean, it's a "guaranteed" 30%, right? Why the hell wouldn't they hire this guy, listen to his recommendations, invest billions of their own dollars, and pay this guy to keep making predictions? I mean, posting on Facebook could be lucrative I guess, but it doesn't come with medical or dental insurance. Listen, if you're worried that this guy might be a scam artist (and you should be), and you have money to burn (you obviously do), and you trust Reddit's opinion (you posted here, right?)...then why don't you just ship me some of your money. Tell you what, as a gesture of good faith, why don't we each invest some of our own money in our own portfolios, and if mine outperforms yours over the next 30 days, you just hand over the keys to your portfolio. Your login credentials, your wallet key, all of it. I'll take good care of it. If your investment outperforms mine, then you don't owe me anything. We shake hands and go our separate ways. Whattaya say? Can't lose, right?!

Patient_Delivery_376

Solana is centralised because it does not satisfy the properties of a blockchain, plain and simple. It does not achieve consensus -- see peer-reviewed academic paper here by established cryptographers [https://tik-old.ee.ethz.ch/file/9d40dad802dd12d9ba1f1b7c1759920c/Solana\_\_\_ICDCN\_24.pdf](https://tik-old.ee.ethz.ch/file/9d40dad802dd12d9ba1f1b7c1759920c/Solana___ICDCN_24.pdf) In this regard, Solana is more like an extremely poor quality Google or FB's connected servers. Second, claims and unfounded claims and lies by its founder Toly, some either debunked or questioned by renowned computer sciencist and cryptographer Victor Shoup in [https://www.shoup.net/papers/poh.pdf](https://www.shoup.net/papers/poh.pdf) For instance, in that paper, Toly makes multiple false claims such as SOL is a VDF, but it does even satisfy the property of a VDF. States security statements with no clear security assumptions formulated, etc. SOL is the perfect definition of deception. And it won't get caught unfortunately until the space is regulated. But by that time, it will cause terrible harm, if its mcap gets large enough. Toly and all VCs behind this shenanigan wont get hurt, since they will exit ontime, as they have insider knowledge advantage. But everyone that is left behind will lose their life savings.

asd198631

780,999 0x3001A2ce497f0FB22fec67E11a0CDf3361103A0c

mi_xo

1. 77777 2. 0xC7620c61e6D0af1972ef8e7433bF4FB94b0263Ec

Timespacecomplex

1. 333,333 2. 0x21297D01e142FB421B72BB263FBa3d5670356487

Sadistica6

275,000. It took awhile to get to this point,got blindsided by reddit cause of their precious IPO but they filed to understand that the participants on this site are what make reddit reddit almost 8 million strong we are and that can make some noise so let that Mfer get listed on the Nyse and let's short it to the ground.....Only thing good that came out of there actions are the m farmers have moved on,now let's get the weak hands out next if there are any and let's ride this Mfer to the MOON!!!!!!! 0x962b273Ff682A430ea82b9788E1855FB2e5a54Bb

CointestMod

#Web3 Pro-Arguments Below is an argument written by excalilbug which won 3rd place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Let me first explain what is the difference between Web 3.0 and previous versions of the web > > Today Web 1.0 is generally defined as a time when internet was in a read only mode. People were supposed to consume the content and not much else > > Then Web 2.0 came and internet became interactive. People became creators of content and not only consumers > > But the problem is that during Web 2.0 people became products for big companies. Microsoft, Google, Facebook and so on started collecting massive amounts of data about their users > > And this is where Web 3.0 comes into action. **It is supposed to free us from the claws of tech giants**. Thanks to Web 3.0 we should become not only creators but also **owners of things we create and our personal data** > > I will use Facebook as an example. If you create a fan page on Facebook, you might think that you're the owner of that fan page. But in reality you aren't. It's Mark Zuckerberg and his minions who own that fan page. They can suspend it, delete it whenever they wish (of course they usually do it when there is justified reason but still it doesn't change the fact they're the real owners). They can also make changes to terms and services or services themselves (for example they can demand that you pay for using their services - see what happened on Twitter when certain individual took over) > > And now lets see what a Web 3.0 version of Facebook would look like: > > The Web 3.0 Facebook **does not belong to any centralized company**. It is **owned by everyone who uses it** (currently it would probably require you to own native crypto coin/token for such "FB" but in the future it's possible it won't even require that) and everyone can vote on different decisions. Now, when you create a fan page on Web 3.0 Facebook, you really own it. No single person or company can delete your fan page. It will take the majority of **independent** people to take your fan page down if there is something wrong with it (or it will even be impossible, depending on how this "FB" is programmed). > > This makes internet more democratic and takes away a lot of power from big companies. > > ​ > > **TL;DR:** more freedom, less censorship, more privacy, users aren't product anymore but own their internet creations > > ​ > > Sources: > > [https://supraoracles.com/academy/the-pros-and-cons-of-web3/](https://supraoracles.com/academy/the-pros-and-cons-of-web3/) > > [https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/](https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/) > > [https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00](https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds.

ipetgoat1984

111333 0x9184A52ceD58b74567bdE7e7d71814FB1FF163A7

Ross_Brave

1. 345678 2. 0x2FB78b560697974eEcDd314D7FfB47B2A438A5ca

StartThings

1. 724,653 2. 0xe09c35F6FB9D9E1c15d46C3De539D6780fDDF5db

Father_Earth

1. 369420 2. 0xC9d8024FB50E05677AC7debb493832979F90F558

Deeyennay

1. 733,028 2. 0x5FB3ab0c3bEEAAb5A1D5a02Bf4Fc613E13f122a5

simplicity92

888,888 0xa740292FB65926d91B407AEBB3B6FFFB97f5a420

seazboy

1. 302988 2. 0xb2FB372c152096893Cb4Ba9a11ca328735CBd4D2

joshdrumsforfun

Comparing btc to Facebook or twitter is ignoring the fact that those companies provide a service. Btc’s value is 99% from its speculative value and not from its actual use. A company like FB’s value comes from its business model and its service provided to users. It’s comparing apples to oranges.

Aerocryptic

My first btc buy was destined for a darknet experience but the site rugged before i could try it. So i forgot about it for a few years until i saw people on FB talking about btc mid 2017. That’s when i remembered having some stored on a hot wallet on my PC

Luvblizzards

I see BTC as a store of value… ish. (Volatile, and increases in value) I used to call it a digital currency. But unless you’re swimming in excess Bitcoin, it is best to not sell/spend your btc. Bitcoin is young compared to the gold market or TradFi markets. It’s really could be a multigenerational wealth building asset. That is what I look at. Only 21M BTC ever to be mined. You gotta get yours and HODL. Well really your parents should do that. But they wouldn’t HODL… Tell your parents to ask their financial advisor, why he’s still working. If he’s so clever , in the last 10-15 years he could have bought countless tech stocks or tech index funds such as Amazon, Apple, Alpha, Nvidia, Palo Alto, FB, Tesla, Intel, etc… and that’s just the tech sector. With that being said, your parents probably should stay clear of something like Bitcoin. Reason is, when it tanks and they sell for a loss, they will BLAME YOU!

Intrepid-Split4477

If you really have a lot of butcoin on hand and want to avoid the capital tax, move to Singapore like FB founder did.

Alimakakos

Yeah and I just saw Fidelity, Goldman, Black Rock, and about 14 to 16 other financial institutions get themselves a BTC ETF no problem... They're greedy enough they want crypto too they follow the money too. But you see what I'm saying where there's arguably two routes we take with crypto: 1. Same we did with the internet- nothing. Wild West so it's all good until you get scammed hacked and fucked over...oh and then eventually you get to deal with 3-4 companies owning everything like we have with FB Google Amazon. For crypto this basically means ETF is as good as it gets for traditional finance to work with coins because they're not securities and so we still have relatively silly laws being applied to every crypto to crypto transaction even though fiat gains aren't realized...etc...think the trump "gee healthcare is more complicated" moment 2. We actively engage in an intelligent manner to appreciate what we have with crypto but appropriately integrate our traditional finance and regulate for market manipulation and bad actors (FTX). Keep the consumers and retail traders safe by requiring certain things of the CEX with custodial ownership etc... I just know somehow in 20 years I'm going to be watching an 80 year old face stretched Joni Ernst asking the same dipshit question to the head of Solana that grassley asked of Facebook, " If you don't charge people for their accounts how do you make any money? " "We sell ads senator" gotta love having what is essentially our regulators being so clueless as to how one of the biggest moneymakers in our country makes said money... But yeah I'm sure Republicans will be great for crypto if only because they won't get anything done. So back to route 1 we go!

ego_tripped

As an old money investor, I get what you're saying. But people said the same thing when Microsoft was around 10 cents a share. They also said an online bookstore would never last, and God forbid there be a way to monetize FB...yet here we are. Now consider the old money now flowing in. People are biweekly payroll investing in a (now) income tax-free way. And since it's a retirement account, it's an automatic hold. This is where you're right, the big chunks of money currently fomo'ing in will eventually taper off...but if old money keeps making money...then *older money* (aka big pension) perhaps creeps in. The payroll dollars+employer contribution money coming in at that point is more than enough to cover any spread. And we haven't even speculated on big business and other countries doing it because why not? In the end...people didn't flock across the country to mine for gold because they knew it would one day be top of the market caps...they did it because it was really valuable then and quick rich scheme.

pullupman

A friend of mine replying to me on FB when I posted that Bitcoin had surpassed Silver. This honestly breaks my heart. I've talked at length the last few years about why Bitcoin is special. At this point all I did was wish him luck. sigh "FOMO is the only reason any of them do well. FOMO is the mother of bitcoin lol. BTC may be a benchmark, but it would never represent the vast majority of digital currency investments. The keyword here being investment over a store of value I agree with you there. The collective of digital currency, in my opinion, will always overshadow BTC despite the inevitable lack in utility. This is the essence of free market capitalism though. There will never be just one. Because of that, bitcoin may never achieve what it was designed to achieve or anywhere near its full potential. It has ultimately created so much more though. It’s brought the world of finance and investments into the light for younger generations like no other tool has ever and the financial gain with it. It also made investing all around much easier but that’s all another conversation. "

xenionx5

I'm from outside the US and the scammers are from Bangladesh. They are working together in a FB Group that buy and sell websites. It has over 100k members, I believe many have been scammed.

poodidle

They can find you, come to your home and who knows?? Kill your family, your pets. I’m not saying it’s common, but what people will do for 100k. Some idiot spent hours getting my FB biz account so they could have 5 minutes of spamming the world with pedo ads. People are weird.

leorolim

Facebook lol. Somebody unplugged the wrong cable and knocked down FB, instagram, threads and messenger. 😆

Leech-64

What the hell is FB?

bananastand512

Actually yeah it logged me out of my FB app when it never has done that before.

AdministrativeSea481

I had someone post on my FB ..bitcoins dumb ur gonna go broke. I’m like I haven’t yet since 2013.

Puzzled-Chip3881

You have more than you will ever need. So now, convert everything and start living. Accumulate all that you can now!! DCA’in is like buying FB in 2010 debating whether you should buy at $10 0r $11?? I didn’t matter, you should have just kept buying. When you realize that it’s not an investment and it is you buying into a new deflationary economy that you can get into right now!!! Don’t trust what I’m saying, verify.

labiibahmad

0x8684A62b0166439e27414FB1530802EcF4B0d2A9

MaxSmart1981

oh man...just saw two casual friends that i've never even heard mention crypto post BTC charts on FB i think retail is here

Agile_Plate2810

You have a point there... I could sure go for some FB pizza right about now.

FreshCartographer292

Investing in Crypto is not that hard. All you have to do is watch youtube videos. I can even help you how. There is no “crypto agent” my guy. I suggest join crypto groups on FB. And dont hesitate to ask multiple questions. Thats what I did when I was still learning. If you can still get your funds, get it asap.

Joey32817

There are many scammers on YT, FB, Insta, TikTok, Telegram promoting crypto investment what not. If they are offering service and accepting your $$$, it is likely a scam. Many would direct ppl to a site that only asks your money/crypto to be deposited with them. At the moment, crypto is best purchased on one's own effort, and keepinig anything purchased in one's own cold wallet is the best policy If not familiar with the purchase, could ask a long time/close friend who is familiar to help, but there is certainly risks with this. Banks, do not offer at the moment purchase and safekeeping of cryptos.

True-Idea-1419

No, I will look on FB but thought i could get one from here.

HumidMind

Dive their website for 30 seconds. The flags are red and loud. deeper ya go, the more the claims sound like Chinese translations from AliBaba. Your inner fortune release type stuff. Merkel trees with no Merfle or tree.Then the We are on Sandhill Rd (Palo Alto Google Adobe FB HQ area). THEN, wait for it....Address of company is... Ajeltake Road, Ajeltake Island MH 96960 Majuro Marshall Islands ​ Good luck with that withdraw...RUN

cwijo

0xBd5E7849196FB0663B6200760F715149EA27d2a9 Ready for the airdrop! Ready for invest!🐉

Elegant_Tale_3929

Oooh, yeah I kinda just ignore Twitter and FB unless there is someone I want to follow.

wooly_torch

You are lucky, because there is gross amounts of XRP shilling all over FB and Twitter and Youtube and…

Slajso

*"How do we determine this?"* Simply don't follow ANY "influencer", YT, IG, TT, or FB channel, and if you do, believe only the things they got visible proof (in that video) for that. Otherwise, you might as well listen to a random hobo on the street.

jbtravel84

Hello! 0xa9C0cdEd336699547aaC4f9De5A11Ada979BC59a is OpenOcean. The hacker swapped your WETH to ETH there. Your funds were first sent to **0xa6738B57f78b1af7F3CC94b107F888d7E40bCD12** which is an intermediary wallet /w this txn - [https://etherscan.io/tx/0x3460eafd59762a34257a316c3a2cca8df5b7ee4c4c4445f6d0d235aa36b03d06](https://etherscan.io/tx/0x3460eafd59762a34257a316c3a2cca8df5b7ee4c4c4445f6d0d235aa36b03d06) There's a couple of deposit addresses here but your funds aren't in there. * 0xc5C4417Cee32E708Ac61C36D656b68402ff87ae5 - ChangeNOW * 0x0302A905F0Ca867646Df0c5F63c6C58F7Ce069cd - AlphaPo Your funds were sent to **0x97dc5b190FB6E8a793803191356aaf6475adf0a7** with this txn - [https://etherscan.io/tx/0x018c66886038db5e17585138643f5a98abe50d1e3047e0c198149f532b8ca82b](https://etherscan.io/tx/0x018c66886038db5e17585138643f5a98abe50d1e3047e0c198149f532b8ca82b) Inside **0x97dc5b190FB6E8a793803191356aaf6475adf0a7** I see a number of deposit addresses where your funds went. Based on the timestamps your funds most likely went into one or multiple of these three deposit addresses * 0x9C6D589B7e6Cea55138A3ea1E0AC615126290ED2 - Binance * 0xa888Abedf5Dff6E6051B7f983B43FC092471C166 - SimpleSwap * 0xaFe8243dC68B0fFfaf4F83a26d99bb33bB61Ebb6 - SimpleSwap This scammer appears to be doing most of his deposits in 20 ETH deposits. Other deposit addresses presumably from more victims include: * 0x13A4679A7A28D0d98Ecb773ac79cEf9B56294669 - FixedFloat * 0x70EB5a38786c83C8B185e3985b44E421Ca03F3Ef - exch * 0x1ca8a5f0816e07751963E5b0cDfe1b18d192dfbe - exch * 0x53c783259eAadADe777fC2d057D3fC0B30c3Dd7f - SimpleSwap * 0x754D98267d0351D842F0de1C28FA27D91c59949A - SimpleSwap This looks like some sort of phishing scam based on the recency of the transactions and other victims involved. Hope this helps!

Puzzleheaded-Room657

6 years after this no one uses FB anymore

bigstreet123

Ya know, I remember see a facebook add for BTC at 4K and thinking "Well if it's on FB the secret is out and the gains have already been made" ​ ​ Now here we are lol

CointestMod

#Web3 Pro-Arguments Below is an argument written by excalilbug which won 3rd place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Let me first explain what is the difference between Web 3.0 and previous versions of the web > > Today Web 1.0 is generally defined as a time when internet was in a read only mode. People were supposed to consume the content and not much else > > Then Web 2.0 came and internet became interactive. People became creators of content and not only consumers > > But the problem is that during Web 2.0 people became products for big companies. Microsoft, Google, Facebook and so on started collecting massive amounts of data about their users > > And this is where Web 3.0 comes into action. **It is supposed to free us from the claws of tech giants**. Thanks to Web 3.0 we should become not only creators but also **owners of things we create and our personal data** > > I will use Facebook as an example. If you create a fan page on Facebook, you might think that you're the owner of that fan page. But in reality you aren't. It's Mark Zuckerberg and his minions who own that fan page. They can suspend it, delete it whenever they wish (of course they usually do it when there is justified reason but still it doesn't change the fact they're the real owners). They can also make changes to terms and services or services themselves (for example they can demand that you pay for using their services - see what happened on Twitter when certain individual took over) > > And now lets see what a Web 3.0 version of Facebook would look like: > > The Web 3.0 Facebook **does not belong to any centralized company**. It is **owned by everyone who uses it** (currently it would probably require you to own native crypto coin/token for such "FB" but in the future it's possible it won't even require that) and everyone can vote on different decisions. Now, when you create a fan page on Web 3.0 Facebook, you really own it. No single person or company can delete your fan page. It will take the majority of **independent** people to take your fan page down if there is something wrong with it (or it will even be impossible, depending on how this "FB" is programmed). > > This makes internet more democratic and takes away a lot of power from big companies. > > ​ > > **TL;DR:** more freedom, less censorship, more privacy, users aren't product anymore but own their internet creations > > ​ > > Sources: > > [https://supraoracles.com/academy/the-pros-and-cons-of-web3/](https://supraoracles.com/academy/the-pros-and-cons-of-web3/) > > [https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/](https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/) > > [https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00](https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds.

Rajking777

Remember you and your are the key 🗝️ for Everything, Hackers need our information ℹ️ to gain to gain SIM from mobile carriers all he need full information then he able to convince them like he lost phone or stolen he might use different techniques. My suggestion stay away from social media sites like FB /Insta which required your real name DOB there hackers can get your name and DOB as well, sometimes they even get your Married Partner name . Now he need address so he will use a bait like sending free gifts to your address to get your real address, Sometimes they even send real gift 🎁. Free Airdrops which required Airdrops also dangerous which required KYC which required all our data. Never show your assets in social media you might be safe.

Certain_Tourist4299

1MEPNUnbbAYgLCiR4eUGPhU13Rjmb3n4FB

fanzakh

I'm pretty sure FB and GOOGL have zero value to some people lol

MrPrivateGuy

Reticent? Did I post my name? This is a burner account I use for financial and real estate related questions. Hardly telling the world about my plans. Honestly, you all would probably never even guess I have this kind of money. I live on a modest budget and shop at Ross. My hobbies include hitting up flea markets for treasures and haggling for stuff I like on FB marketplace. My parents taught me the best kind of wealth talking into a store, being able to by anything in it, and having no one know who you are. I can confirm that's true.

robeewankenobee

>This remark is not off by saying ADA has been years late in every usable feature in defi. Smart contracts, Stable coins, wallets. What are you talking about ... sol was even later , what does that have to do with anything? Is Twitter a shittier SM platform because it was a few good years later than FB? What is this ridiculous argument?

Quantum_Pineapple

This is the type of shit that's so fucking stupid I can't tell if I'm missing something/reading it wrong over and over etc, like the FB meme of the girl claiming people born in 2010 are 24 years old this year, then explaining how she carried the one, etc.

SanjayNagdev

More a meme than reality. You can get loans against assets but how will you pay the loans? Also plenty of public evidence to the contrary e.g. Mark Zuckerberg selling tons of FB stock on a daily basis which he is legally obligated to schedule in advance and report.

CointestMod

#Web3 Pro-Arguments Below is an argument written by excalilbug which won 3rd place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Let me first explain what is the difference between Web 3.0 and previous versions of the web > > Today Web 1.0 is generally defined as a time when internet was in a read only mode. People were supposed to consume the content and not much else > > Then Web 2.0 came and internet became interactive. People became creators of content and not only consumers > > But the problem is that during Web 2.0 people became products for big companies. Microsoft, Google, Facebook and so on started collecting massive amounts of data about their users > > And this is where Web 3.0 comes into action. **It is supposed to free us from the claws of tech giants**. Thanks to Web 3.0 we should become not only creators but also **owners of things we create and our personal data** > > I will use Facebook as an example. If you create a fan page on Facebook, you might think that you're the owner of that fan page. But in reality you aren't. It's Mark Zuckerberg and his minions who own that fan page. They can suspend it, delete it whenever they wish (of course they usually do it when there is justified reason but still it doesn't change the fact they're the real owners). They can also make changes to terms and services or services themselves (for example they can demand that you pay for using their services - see what happened on Twitter when certain individual took over) > > And now lets see what a Web 3.0 version of Facebook would look like: > > The Web 3.0 Facebook **does not belong to any centralized company**. It is **owned by everyone who uses it** (currently it would probably require you to own native crypto coin/token for such "FB" but in the future it's possible it won't even require that) and everyone can vote on different decisions. Now, when you create a fan page on Web 3.0 Facebook, you really own it. No single person or company can delete your fan page. It will take the majority of **independent** people to take your fan page down if there is something wrong with it (or it will even be impossible, depending on how this "FB" is programmed). > > This makes internet more democratic and takes away a lot of power from big companies. > > ​ > > **TL;DR:** more freedom, less censorship, more privacy, users aren't product anymore but own their internet creations > > ​ > > Sources: > > [https://supraoracles.com/academy/the-pros-and-cons-of-web3/](https://supraoracles.com/academy/the-pros-and-cons-of-web3/) > > [https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/](https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/) > > [https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00](https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds.

Think_Candy8974

Yeah never put more in your 401K than the company matches. Also if you change jobs get the money out of there and start a rollover IRA. Then you can go to a regular IRA and buy what ever you want. I did that with mine 15 years ago. I had like 45k in there and bought Amazon, FB, Google. Now I'm set. Who knows what that would be worth if it was still in my 401k maybe 150k

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/DDF578C2741CF7432CA2F35E46DC32D82A79355A9FB878AAAF38B7A7CF1D7678)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: Nano has its own NFTs in [NyanoCats](https://nanswap.com/art/collection/Nyano-Cats?status=listed&sort=askHighToLow&attributesFilter=%5B%5D).

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/A5827BFE3B83A65750308A03101650FB40F86333B47E40FE83020DB27FB7DB69)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: Nano has an original design and is one of a small number of crypto that is not derived from or based on Bitcoin or Ethereum.

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/A5827BFE3B83A65750308A03101650FB40F86333B47E40FE83020DB27FB7DB69)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: Nano has an original design and is one of a small number of crypto that is not derived from or based on Bitcoin or Ethereum.

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/FB0CCCC599833D6869DE881912489519F4732A21D2AB90A01BECC674B1F5B85D)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: It takes ~133ms to circle the Earth at lightspeed. Nano transactions are fully confirmed [in ~426ms](https://nanolooker.com/).

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/0CAF8F385F38C8C8B157DC97F5572FD983ED060054E4E959FB680C74967C7638)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: There is a [Nano around the globe video](https://www.youtube.com/watch?v=iKt9KepQQF4) where community members transfer a single Nano across 11 countries in 6 continents in under a minute.

Adamantinian

Nano sent [successfully](https://nanolooker.com/block/CB05438F520D16606AE1C1C71C303A2FB465BEEA5F80D641FBF7FE61B64DC314)! **Learn more about Nano** - Read [this article](https://senatus.substack.com/p/the-basics-of-nano-why-its-such-an) for the basics. - Visit [Nano.community](https://nano.community/introduction/basics) for comprehensive information. **Try a faucet** - [NanoDrop](https://nanodrop.io/) sends some Nano instantly. - [WeNano](https://wenano.net/) has location-based faucets all over the world. **Use Nano** - Queue videos for others to watch or get paid to watch on [CryptoVision](https://cryptovision.live/). - Pay per prompt to access ChatGPT4, DALL·E 3 and more via [Nano-GPT](https://nano-gpt.com/). - Easily develop with Nano using a [Public Node](https://rpc.nano.to) (we're using one right now). **Ask questions** - If you have any further questions, come on over to r/nanocurrency! **Random Nano fact**: Nano has been flying with the International Space Station on a WeNano spot. People can collect small amounts of Nano when the ISS overflies their location!

snksleepy

Yup this. Google will rank anything if paid or relevant. Same with FB. Scams off the wazoo!

Ilovekittens345

You don't even recognize the very clear difference between the address format and transaction hash format so shut the fuck up. addresses look like: 0xA9D1e08C7793af67e9d92fe308d5697FB81d3E43 tx hashes look like 0xb492a75891970b48329b5c98db88e0898610dedf291d974ba01f743af24229de You see the difference? Apperently YOU have no idea what the fuck YOU are doing.

Correct-Log5525

Lightning Network is not failing.. I use it frequently and there are TONS of companies (Lightspark, Strike, etc.) that are building on it. The idea it doesn't work is an altcoin narrative. Although false, it makes sense that this narrative would be spread because Lightning obliterates the use cases of many altcoins Also liquid is another L2 that is exploding in use.. especially with the new Aqua Wallet Inscriptions/Ordinals haven't broken Bitcoin, that's another altcoin narrative.. before it was "fees are too low, Bitcoin will lose its security budget".. now it's "fees are too high, people have to pay too much".. and yet Bitcoin keeps chugging along, it's all noise You seem fixated on the "tech" aspect and that somehow Bitcoin could be overtaken as money but then use Apple and Myspace as examples. The reason Apple is dominant is because it has network effect over its competitors (in the US at least).. Bitcoin's network effects are FAR more dominant compared to its peers than Apples are. Myspace had basically no network effects at play when it was overtaken by FB.. Bitcoin is the hardest money and the hardest money always wins. Ethereum and Solana will certainly be valuable platforms for smart contracts and development but they will never be money.. money is a $200T market, far bigger than the markets ETH and SOL are going after

dreamygeek

A friend of mine told me about Ethereum around early 2014 and i laughed it away saying that it just a scam. in 2021, that friend moved to another country suddenly without letting anyone know. Now i sometimes see his FB updates about the new luxury car he just bought lol.

Puzzleheaded_Popup

They’re used to be a group back around 2018 but im off FB. They have other conferences however its all in Chinese….and pretty technical in vocabulary. Check FB for info my suggestion.

WholeVast9361

Buy an already build traveller van and get a gym membership close to work to use for showering. There are already tonnes of people doing this and plenty of FB/instagram groups sharing places to park the night around Sydney.

Econophysicist1

About the regions, the logic behind how I created them is that they are simple deviations from the mean. You can see that one of the bands aligns very well with the bear markets and actually, it is predictive of where the bottoms are. Last January for example I was calling the bottom not on a hunch but based on the model. I made several public posts on my Twitter and FB account about it. Many people were doubtful because so many bad things were happening during that time in the crypto space. But I trusted the model and it was right. I agree with you that it seems there is a pattern in how the tops decay and in fact it turns out that if you take the ratio between the bottom of each cycle and the top these data points make an almost perfect decaying exponential (very good R). But it is just 3 data points so it is not a statistically significant result. But yes, in my Medium article I will do more sophisticated analysis to show what you get if you give less weight to the bull runs for example. In general, though one way to show the model is stabilizing with time is to calculate the power of the power law as a function of time as you collect more and more data. It does converge to a value and that is a good sign. By the way, the famous Trolololo model is a power law in disguise. He didn't realize he was actually modeling a power law and the hundreds of comments that followed his post either. Even if in hindsight is pretty obvious both from the construction of the model and from some simple algebra you can apply it to his formula (log10(price)=2.9\*ln(days)-19.49) and derive easily a power law of the form price=A\*days\^n. The interesting thing is that when you derive the value of n in his model then it is 6.67 while mine is 5.82. It is pretty damn close given he came up with the model in 2014 so he didn't have much data. So we have really a model that stood up to the test of time for 10 years that I think is unprecedented for a financial asset. The value is also higher because he made the model just after a bull so given the few data the bull was skewing the parameters to higher values. I was aware of the model but I didn't pay much attention because it seemed arbitrary at the time. A power law is something I was familiar with and it is very meaningful. But he had the good insight of focusing on the scale of the price so 10,100, 1000 and so on. It is the main insight behind power laws, that is the scale that matters. But for some reason he still had a linear scale for time but it turns out scaling time is also important so you want to focus on what happens when you go from 1,10, 100, and 1000 days jumps and then you see the pattern, both price and time are scaling in a similar way.

Econophysicist1

I'm working on it and I will post when it is ready. It will have more info than a similar one online. Also, I want to help people with DCA because why it is great to HODL (and usually easier for most people) why not multiply your BTC if you can use the knowledge in the chart? I caught the bottom perfectly (I made several posts on FB and Twitter about 16K in Jan last year being the bottom using the chart) and I think I can catch the top or close to it when it comes. It can even help time getting in and out of alts (I know you are a Maximalist so forgive my heresy, lol). All in the name of more BTC though. I actually want to create some kind of business model for companies to do what Saylor is doing and demonstrate to them it is a good idea to borrow money to buy BTC, in that case, the general trend is what would matter to them and not the cycles.

JMS3487

Have you heard of them through F.I.R.E us group on FB? I was doing some searching and it's 5k to access the app and platform?

CointestMod

#Web3 Pro-Arguments Below is an argument written by excalilbug which won 3rd place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. > Let me first explain what is the difference between Web 3.0 and previous versions of the web > > Today Web 1.0 is generally defined as a time when internet was in a read only mode. People were supposed to consume the content and not much else > > Then Web 2.0 came and internet became interactive. People became creators of content and not only consumers > > But the problem is that during Web 2.0 people became products for big companies. Microsoft, Google, Facebook and so on started collecting massive amounts of data about their users > > And this is where Web 3.0 comes into action. **It is supposed to free us from the claws of tech giants**. Thanks to Web 3.0 we should become not only creators but also **owners of things we create and our personal data** > > I will use Facebook as an example. If you create a fan page on Facebook, you might think that you're the owner of that fan page. But in reality you aren't. It's Mark Zuckerberg and his minions who own that fan page. They can suspend it, delete it whenever they wish (of course they usually do it when there is justified reason but still it doesn't change the fact they're the real owners). They can also make changes to terms and services or services themselves (for example they can demand that you pay for using their services - see what happened on Twitter when certain individual took over) > > And now lets see what a Web 3.0 version of Facebook would look like: > > The Web 3.0 Facebook **does not belong to any centralized company**. It is **owned by everyone who uses it** (currently it would probably require you to own native crypto coin/token for such "FB" but in the future it's possible it won't even require that) and everyone can vote on different decisions. Now, when you create a fan page on Web 3.0 Facebook, you really own it. No single person or company can delete your fan page. It will take the majority of **independent** people to take your fan page down if there is something wrong with it (or it will even be impossible, depending on how this "FB" is programmed). > > This makes internet more democratic and takes away a lot of power from big companies. > > ​ > > **TL;DR:** more freedom, less censorship, more privacy, users aren't product anymore but own their internet creations > > ​ > > Sources: > > [https://supraoracles.com/academy/the-pros-and-cons-of-web3/](https://supraoracles.com/academy/the-pros-and-cons-of-web3/) > > [https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/](https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/) > > [https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00](https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds.

amancalledtommy

On FB Marketplace

beenscammed2023

This happened to me. I added $1000 first, then was told another would be refunded in 48rs but was reinvested. Then I was told to pay 30% or $7000 to get them out. I didn’t but it’s frustrating because I’ve reported it to the BBB, SEC, FTC etc. how does this get out. The person I worked with I thought was someone my sister knew…they are still on FB now…how do they get caught? What can be done to warn others?

wth206

I wouldn’t be surprised. Or maybe they know but don’t care because the advertiser pays big $$$. FB has the same problem sometimes, fake ads to scam websites.

heymidnightdancer

Easy to victim blame, but the real blame should be on FB who clearly don't review these ads near close enough.

Magocratix

Just use any REPUTABLE - hopefully open-source - wallet. You can see some wallets [here]([https://bitcoin.org/en/choose-your-wallet](https://bitcoin.org/en/choose-your-wallet)). Download them from their source. Then just find a place where you can import private key. A private key is 64 characters in the range 0-9 or A-F like this example: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262 - EXAMPLE private key. Done. Ignore all DMs. Basically, the password only works on the original wallet, which you don't know what it is, so just import the private key.

Wise-Application-144

They *can*, but will they? A tiny amount of these crimes are investigated and solved. Simply using a VPN or an app with E2E encryption should be enough. Hell, most of these scams are happening through FB, text message and telephone call, yet there's little if any attempt to find the scammer.

EnvironmentalRide900

Because YT, FB, and IG do not actually care about people scamming since many of the underpaid contractors are eager to accept bribes by black hat marketers to run scams. There's a number of lawsuits against Meta and Google for this and plenty of this information has come out in investigations during these cases.

tdkocen

No joke my high school band director just posted on FB about some crypto certification he just got. Crash is coming kids.

shosuko

yt has long run ads that are blatant scams. AI has really stepped up to enable these scams too. YT needs to be taken to task for it. I never see such egregiously bad marketing on other platforms of similar size. FB had a time when they were pretty bad, but I've noticed the blatant scams are cut - or at least I don't see them anymore.

Hitchie_Rawtin

The backend data won't be visible to an end user and because there's only one or maybe two vectors of attack (the smart contract/canister your site is hosted in and whomever has the key to the canister) it's implicitly much more secure than any traditional IT infrastructure which is made up of a hodge podge of various technologies bandaged together which implicitly introduces attack vectors. Ransomware wouldn't exist on the IC, propensity for idiot employees to click random links in spam emails would be nullified because an attacker wouldn't be able to take over or snoop the backend of the site without the keys. Uploading data is actually more expensive than AWS, the cost benefit is when it's simple data (text, pictures) that gets called upon thousands or millions of times, then it's cheaper than AWS. Video sites would be a terrible use case and music streaming would be a questionable use case for ICP at the moment because most video content being uploaded to YT/FB/Insta/Twitter/TikTok doesn't get enough views to warrant the cost of uploading it, but for the mentioned services that cost is being subsidised elsewhere.

CointestMod

#Web3 Pro-Arguments Below is an argument written by excalilbug which won 3rd place in the Web3 Pro-Arguments topic for a prior [Cointest](/r/CointestOfficial/wiki/cointest_policy) round. If this topic is active, submit an entry in r/CointestOfficial and earn Moons if you win. Moon prizes are: 3rd - 600, 2nd - 300, 3rd - 150, and Best Analysis - 500. > Let me first explain what is the difference between Web 3.0 and previous versions of the web > > Today Web 1.0 is generally defined as a time when internet was in a read only mode. People were supposed to consume the content and not much else > > Then Web 2.0 came and internet became interactive. People became creators of content and not only consumers > > But the problem is that during Web 2.0 people became products for big companies. Microsoft, Google, Facebook and so on started collecting massive amounts of data about their users > > And this is where Web 3.0 comes into action. **It is supposed to free us from the claws of tech giants**. Thanks to Web 3.0 we should become not only creators but also **owners of things we create and our personal data** > > I will use Facebook as an example. If you create a fan page on Facebook, you might think that you're the owner of that fan page. But in reality you aren't. It's Mark Zuckerberg and his minions who own that fan page. They can suspend it, delete it whenever they wish (of course they usually do it when there is justified reason but still it doesn't change the fact they're the real owners). They can also make changes to terms and services or services themselves (for example they can demand that you pay for using their services - see what happened on Twitter when certain individual took over) > > And now lets see what a Web 3.0 version of Facebook would look like: > > The Web 3.0 Facebook **does not belong to any centralized company**. It is **owned by everyone who uses it** (currently it would probably require you to own native crypto coin/token for such "FB" but in the future it's possible it won't even require that) and everyone can vote on different decisions. Now, when you create a fan page on Web 3.0 Facebook, you really own it. No single person or company can delete your fan page. It will take the majority of **independent** people to take your fan page down if there is something wrong with it (or it will even be impossible, depending on how this "FB" is programmed). > > This makes internet more democratic and takes away a lot of power from big companies. > > ​ > > **TL;DR:** more freedom, less censorship, more privacy, users aren't product anymore but own their internet creations > > ​ > > Sources: > > [https://supraoracles.com/academy/the-pros-and-cons-of-web3/](https://supraoracles.com/academy/the-pros-and-cons-of-web3/) > > [https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/](https://www.naukri.com/learning/articles/advantages-and-disadvantages-of-web-3-0/) > > [https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00](https://towardsdev.com/web3-js-how-it-works-pros-cons-and-alternatives-17ab8e803c00) ***** Would you like to learn more? [Click here](/r/CointestOfficial/comments/z9o1s3/general_concepts_web3_proarguments_december_2022/) to be taken to the original topic-thread for this argument or you can scan through the [Cointest Archive](/r/CointestOfficial/wiki/cointest_archive##wiki_web3) to find arguments on this topic in other rounds. Pros and cons per topic will likely change for every new post.

stormj

No meta came near the end of the meta verse hype. I worked for a launch pad and at one point we would approve new coins basically just for having the word meta in it. Before FB did their thing

HarrisonGreen

Because ETH, like BTC, is old tech. ETH has a massive first mover advantage, just like BTC does. But that advantage will not last forever. FB wasn't the first social media network. Nor was MS the first PC OS, or Google the first search engine. High fees, network congestion and usage difficulty are killers to mass adoption. Nobody wants to wait hours and pay $50+ for a transaction, or mess with complicated L2s, when they can just use other chains.