FB

chemmajorhehehe

He meant ‘in Bitcoin, I’m sure (in equal value). That said I would take the Bitcoin. I actually sold something on FB marketplace recently, and he asked how to pay. I said i prefer Bitcoin if you have it! Instead he responded nah I prefer to keep mine. So I helped him haul it out and used that Venmo money to immediately buy Bitcoin.

stoneddemon7

🚀🚀TEMA IS ON FIRE🚀🚀 Six Updates! 1) New cover photo for Australias largest crypto group! https://www.facebook.com/share/p/1aQ4jorfiK/ 2) Listing on MEXC imminent! 3) A video for Tema made by the same team who made the Litecoin video is underway! https://www.youtube.com/watch?v=JMTJvXyHJGU 4) Worlds largest german Crypto FB group in negotiations for a takeover 5) In negotiations with Kucoin and Gate exchanges 6) The community has purchased 600 boosts on dexscreener and 200,00 ad impressions!!

4inalfantasy

What is this rubbish? I double check every latest news, even the crap name X, FB, insta. there is litteraly 0 source about this. From your post history seems you spammed the same post to multiple place as well.

MiguelLancaster

What does the private key on your paper wallet look like? Is it 12-24 English words or is it something more like this: E9873D79C6D87DC0FB6A5778633389F4453213303DA61F20BD67FC233AA33262

KH40T1K41

Should I also tell them the $30 my buddy lent me the other day? Should I report to them the couple of lawn tools I sold on FB marketplace? Fuck them.

Sensitive-Cat-5751

Is the metaverse still a thing or did FB scrap that? Maybe I’m thinking about what I believe it to be wrong? Idk

shescrimsonclad

Great question! So, one of the tricky things to do when approaching this question is bending your mind around the fact that Hive itself is not just one decentralized social media site, but rather, more like the gigantic interconnected resource database that powers any single one. Hive doesn't do anything at all but collect what you voluntarily put into it- and it then makes that information available to \*\*\*everyone, everywhere.\*\* So for some people, there's no data other than transactions- and for others, they've chosen to document their entire lives, from their real names to their work or time-capsuled history. Some people just play games and all the data tied to them are wins and losses and their favourite gear loadouts. If we compare this to some of the more notorious data handling situations, especially compared to Facebook, being allowed to be fully voluntary is different (FB has wild automated takedown and rulesets around names and content etc, including the ability to not allow you and someone else to connect, even if you both want to) and who has access to that data is different. The only way FB can monetize, and many social media sites in general, is to gatekeep and hide this collected data, and sell it to the highest bidder. Hive really throws that for a loop, as it allows anyone on OR off chain to collect it, analyze it, use it or infer from it whatever they want. There's no way to hide what someone wants visible, and no one front end can be an arbiter of data. That means that any site or service has access to the same data, and can interpret or use it however they want. You could look for post categories, wallet or game relationships, public memos- whatever you wanted to draw on to work with. And the flip side is a user never has to provide anything at all they don't want to. They're not forced to use the platform any particular way, and if they so choose can use things like encrypted memos to send information without the contents being available. What this basically means is that there's a democratization of data. It forces projects and sites to think about what they want to achieve, how to sort and display and build tools that use data intelligently to create a good product. It means that there are a dozen social front ends that are all pulling the exact same stuff that look and feel entirely different and allow a user to choose the one that suits them and provides them with the granular experience they like best. It's a bit like if FB, X, Insta, TikTok, and all the rest all shared the same usernames and post history. What would that world look like if not only a few big corps and government agencies were in control of knowing and shaping everything you do, just to use it against you financially and socially? Well... we're kind of hoping to tell more people about this parallel set of tools that brings that to life.

iam8x11

Immutable account and content.  Your account cannot be deleted/banned like on centralized platforms such as FB, X, Reddit etc.  Not sure that's "counters" other coins, but it's a use case many others do not have.  Hive is not a privacy coin like Monero, Zano, Firo etc. which can have disadvantages, but you do have option ti keep your account anonymous by not disclosing any personal data when posting.

nicetrucknomoney

The NYT posted an article on FB about bitcoin reaching 100k. The 700+ comments are mostly negative and critical of bitcoin. Some comments are insulting towards bitcoin holders. We are definitely early

kmagic13

Should've listen to my college roommate to keep buying bitcoin when it was around $250-300. He seems to be doing well last time I check his FB.

c0mbucha

$1000 it does everything ethereum does without the being lazy part. Ripple is going to be the FB and Google of crypto. /s

GrouchyAd9824

I learned my lesson, I bought around $400 and forgot about it until my FB was talking about the 2017 rally. I sold $6k and FOMO'd back in at like $12k and $16k, then wrecked all my gains. I reaccumulated ~$5k and quit being silly.

Julianne_Runner

Someone I'm connected to on FB posted something about who can't buy bitcoin with bitcoin and that is proof it is fraudulent.

Aggressive_Mess_1463

I do kick myself though, I had a friend that was into penny stocks around 2008-2012. He invited me into a couple FB groups to help me understand all of it. Which I tried but math is NOT my forte. I still remember him offering to sell me 3 BTC for I believe $1,000. I’ve known this person my whole life so I knew he was not trying To scam me. But he started explaining mining and how he did it from his personal pc starting in 2009. I want to say i remember him talking about some site called mount gox? Anyways rambling —- never sent him the $1000, I was a brand new nurse and it sounded all weird and confusing. I feel better educated now than I did then But I still have sooo much to try to understand.

SoiledGrundies

Had a look back at some of my early FB posts. https://i.imgur.com/o574x9U.jpeg

dinglefx

I've been leading a FB group of 300+ people since 2017, If I had to guess only 10% of those ppl actually invest in Bitcoin. I wish I was retired but unfortunately still working on it. Hitting millionaire status and retiring are 2 very different things in the US

GrouchyAd9824

May have been 2015 now that I'm looking at the charts, it was $300-$400 for a loooong time. I kinda forgot about it until 2017 and my FB was blowing up with people talking about it.

Turk182__

Too many words. I just follow the FB40 guy on X.

chevdor

It does not matter much. People also cannot explain Visa and why you mostly cannot pay 1 cent with your card and why there is a high fee on every purchase. As curious people keep hearing about it, they try and realize that the solution in place is not in favor of the users. People don't have to understand tech to use it: how many FB users know how a DB works ? What does matter however is the barrier of entry for sellers and buyers. For buyers, I would argue we are pretty good. For sellers, there is still work to be done so that your local backer (who may not be tech savvy as it is not his job) still can get around having a device to accept payment (there are good options today) and slalom the financial/taxes mess to resulting from payments in "crypto" in general.

king_carrots

Fractal Bitcoin (FB) - news? Scam? What’s up

Stockholmedstatist

Sell for what? Cash... I mean you can make craigslist/FB posts. But I'd be cautious about crime or scammers.

Healthy_Zone_4157

I still have access to my AOL email account. But we may have communicated through Facebook... We were playing Zynga Mafia Wars and had a FB Group to communicate strategies.

Aerocryptic

Did you read it on FB?

Nagemasu

lol Reddit is a leftist platform yes. The same way FB and Twitter are full of right wing users. Reddit is the one platform that doesn't have algorithms to push content that's relevant to you, people simply gather in places with others who share their interests and opinions. Echo chamber? sure. left wing propaganda? lol get out. It's simply their personal opinions and views, it's not propaganda just because you disagree with it.

exitof99

While I'm not entirely optimistic about BTC, it would be stupid to be, I largely accept it as more likely to be a good investment than not. I had the same reservations when it was 7,000 and talked a friend into setting up an account and buying some. Other friends were interested too, but most didn't follow through. I posted about BTC hitting ATHs on FB and it largely was ignored. I spent way too much time day trading small amounts, like $5–10 at a time, to get the hang of it all. Then that collapse came and BTC dropped to \~15,000 from over 60,000. I felt all those naysayers judging, but I held on. All my alts tanked and never returned. I lost interest in day trading. Still, I told my parents to put a $1000 or more into BTC when it was at 15,000, but like most people, they weren't interested. Now a new ATH of 76,999. Rather than miss out on a return, I sold a sizeable percentage of my BTC at 75,000. I expect that it's more likely to go down than up, and I'll buy back at a lower price and wait on the next multiple-year cycle. While I see it as a risky investment, I also wonder what will replace it eventually. It's a given that something will. Until then, like Simply Red sang, I'll keep holding on.

NSWindow

UK population is in general risk averse and want everything provided for by the state + most of the folks are anti wealth and anti rich Keep it to yourself and dont post on FB, it makes you a target for envy crimes

As03

What did you expect from FB, boomer land and matrixed people. Don't waste your time there.

Fast-Enthusiasm2508

Everytime I post something about crypto on FB I just get laugh reacts and shitty comments. So I stopped and just kept investing. Those same people will be hitting you up as this bull run continues and will FOMO in at the top and be whining when they lose money. Just stay the course. It’s still very early.

Difficult_Pool_5608

Any post about BTC or crypto on FB, even from a legitimate account, is usually regarded as a scam post from a hacker. A lady I know was hacked and this happened to her acct. Just because we liked her comment on BTC, we were DM’d from the hacker to discuss BTC, all with an end game from them to try to get to our sats. It’s like a phishing scam. People are just leery

CommunityCurrencyBot

/u/TraceMinchew, your wallet address has been successfully updated to 0xe36d6720Bf7b7f15bf196d89E7158d482657FB66.

Aerocryptic

I lost the access to my FB a long time ago so I can’t tell 😆

GrouchyAd9824

I've been here since 2014, yes. 2014-2016 was an eternity until my FB had everyone losing their minds over BTC in 2017. 2018-2020 was also an eternity as well as 2021-2023. Sideways in a "bull market" like this is also pretty common. You'll get a couple months of explosive moves and it just hangs out for 3+ months.

Abdeliq

Post like this usually uses to makes me gives up on my knowledge on maths. There's a post I saw on FB platform saying if you make 100k per day since Jesus era, you still won't be as rich as Elon bla bla. Always hated this kind of post :(

ThePrettySwellGuy

"Today I swore in Janet Yellen as Treasury Secretary. Secretary Yellen is a trailblazer, whose deep commitment to working families will be essential as we confront the urgent economic challenges facing the American people." A fan of Janet Yellen, who hates Crypto. This is from her FB post in 2021 [https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?\_rdr](https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?_rdr)

ThePrettySwellGuy

"Today I swore in Janet Yellen as Treasury Secretary. Secretary Yellen is a trailblazer, whose deep commitment to working families will be essential as we confront the urgent economic challenges facing the American people." A fan of Janet Yellen, who hates Crypto. This is from her FB post in 2021 [https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?\_rdr](https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?_rdr)

ThePrettySwellGuy

"Today I swore in Janet Yellen as Treasury Secretary. Secretary Yellen is a trailblazer, whose deep commitment to working families will be essential as we confront the urgent economic challenges facing the American people." A fan of Janet Yellen, who hates Crypto. This is from her FB post in 2021 [https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?\_rdr](https://www.facebook.com/VicePresident/photos/a.107241198025203/109578804458109/?_rdr)

Jenna_Money

This is the boat I’m in. My issue is finding a seller who is open to accepting BTC in the transaction. I’ve done small transactions (bought a Jeep accessory on FB Marketplace), but when I offer on a property, they are hesitant to accept.

JustNutsandBolts

One of my distant FB friends posted in the earlier days "There will be a day we will all wish we bought more Bitcoin under $100/coin" ....I bought a little back then and have been buying little ever since. Jnrelated but he fell backwards while rocking in his chair, was in a coma for a long time and never fully recovered, misses some cognitive functions...So I live by this: Richest man is the healthiest man.

Aussiehash

Every single account that sends you a DM on Reddit, Twitter, Telegram, FB, IG is a scammer

OLFRNDS

That's a fair question and this has been good and reasonable discussion. To answer that, I think that the dangers posed by AI in the hands of someone we know will misuse it to their advantage is significantly more worrisome than the idea of government officials slowing down the progress of AI advancement. I say this mostly because governments can't really slow the progress or implementation of AI for a few reasons. 1: The majority of the major AI players are already American companies. NVIDIA, Microsoft, Google, Tesla, FB, etc... 2: The nature of AI advancement is based on data consumptions. LLM and generative AI progress based on the data they have access to. The growth of their modeling is basically unstoppable at this point. They are being developed and fed data by the same companies that control the internet and digital data in general. 3: The government can write laws around ethics and privacy. They can't stop AI innovation. They would have needed to do that long ago. Technology is a space where the government has minimal ability to control. My industry for example has a similar scenario with EMR (electronic medical records). They don't tell us how to safeguard things. They don't tell us we have to use certain tools. They don't define our data policies. They have CMS who can audit your environment and determine if you have privacy issues. If you do, you then have to remediate and prove that you have implemented safety measures to avoid future occurrences. But they don't limit or dictate how we do that or what innovations we use within our own tools to solve the problem.

kingofsats

You're probably right. But compare to entering "Bitcoin" on IG, YT, FB, X there's gonna be a TON of noise. On r/Bitcoin it will be a clean stream of fire infotainment.

A3rdRanger1776

Trump has NEVER 👎 said he or family members own Crypto. There are a few comments here that are lies about ownership. Someone named Tough-Bear5401…. Is tossing feelings, thoughts, random numbers and ZERO facts! HE(Trump) DID attend a Bitcoin(BTC) conference(fact ✅), and he WAS a speaker there fact ✅, he DID say he supported Bitcoin and crypto overall ✅. This foolish person(can’t use mean word on FB) “tough-bear5401” says some nonsense about profits of the rich people. The failure of benefits of poor people investing. Major Bernie Sanders supporter! This person supports communist economic beliefs that the poor and lower middle class shouldn’t grow, they should just be happy where they are

uncapchad

And so your data will get lifted from FB, Google and Microsoft into the wilde wilde web for other criminal syndicates to pick over. No fine or prison sentence can undo that. When weird things happen later on, it will be your fault - you did not look after your data properly, nothing to do with your bank selling your data to sites that leak like sieves. Maybe one day we'll realise what an utter con all this mandatory data collection and storage is and that very little, if any, of it is truly for "your own protection".

Aussiehash

Ledger hardware wallets will wipe themselves after 3 incorrect PIN attempts. As he had 3 hardware wallets that means you would most likely need either to be able to unlock his computer to get the wallet file (which is a skeleton wallet, the signing mnemonics only exist inside the hardware wallets). Failing that it is is possible to recreate a multisig quorum, but you would need 100% of the mnemonics, so potentially 3 (all of them) 12-24 words mnemonic seeds. There is a good chance he has them written down on paper or stamped into metal with hammer. Every single account that sends you a DM is a scammer. Every single "recovery expert" with YouTube / FB / IG / TG testimonials is a scam.

T2000-TT

FB won’t do shit, and I’m talking about dozens of reports

guestquest88

I did. FB said there was no problem lol

HSuke

I tried this on FB awhile ago, and amount of ads and AI posts only increased. They only care about profit.

fractionofawhole

Tesla is a meme stonk and FB has gone through some major changes in that time period. Also neither are near as volatile as Bitcoin or the broader crypto market.

DD_in_FL

If someone had a bunch of old external disk Drives they wanted to resell on FB marketplace or eBay, then sprinkling old floppies around with bitcoin stickers wouldn’t be a terrible way to accomplish that.

lostaga1n

It’s hilarious, my local FB group is crying over it saying “Kamala is going to wreck the middle class with the gains tax” Meanwhile they’ve never invested in anything but beer and meth…

HSuke

I like visiting FB for viewing AI bots respond to AI content not flagged as AI content. It's amusing.

goldyluckinblokchain

Wen Zuckerberg arrest for all the crimes commited through FB & Insta

Nutmasher

Kidding about getting a monitor for $5? Actually, OP probably could have gotten one for free on FB.

LemonsDew

I think it more as a barter, I have electric coins, you have paper. Doesn’t help if you need to make major purchases due to unavailability to prove income. If you are trying to put the money in your bank account I would say that would be fraud. This is more evasion. But still illegal I suppose. Can’t be deposited but just to pay for groceries etc. you could theoretically transfer you bitcoin from a ledger to a gaming site for example buying CS:GO gun skins on a p2p marketplace. Straight Bitcoin. This doesn’t involve tax. Then sell them for USD but not sure where this lines up with tax or profits as this would be the same as selling something on FB marketplace. But through all the headache it’s worth just doing a 1099k declare your profits and pay capital gains allowing you to sleep better at night.

fairysquirt

Issued by FB and monopolies

Status_Cockroach6953

You’re wasting your time shilling your coin here. You’d be better off spending your marketing budget on google or FB ads if they even allow these shilling ads on there anymore, and if they don’t that’s the reason why you’re here.

AdamonUni

Start buy $TRYAN 0x550F908e06d1DA4FFEe6B1FB63730F88eCc4d230

Puff0daddy

Better start $TRYAN 0x550F908e06d1DA4FFEe6B1FB63730F88eCc4d230

MrBlowjangles

Guys, my FB friend got his "Official Crypto Trading Certification" after lots of hard work. His boomer friends don't realize he was hacked and are literally: 

H__Dresden

Figured out how to get zero ads on FB. Plus only get on there ever couple weeks.

TheGreatCryptopo

1/2 on FB the other half on X. Don't use social media for crypto advice. Any financial advice.

HSuke

More accurately: Half of ads on FB are scams or products with AI-generated images.

carthous

If you click on any ads from FB thinking you won't get scammed you're a door knob

hemzer

This is agreat reply...but you are app;ying teh law where as th eIRS does not have to. They can wing it and be whimsical jus tlike people getting srrested for FB posts in the UK or the coders gettign arrested for codiing. aint?

yadius

I wear downvotes from the dumbest people on the internet (outside of FB) as a badge of honour. > I think it got explained very well why you cannot compare Russia and Israel. Sigh. Link? because I didn't see that. It was pointed out that the World Bank data showed Israel growing in 2023, but countless news articles indicate that the country experienced a severe contraction as a result of their war in Q4 of 2023. The anomaly may be a result of the World bank data for 2023 being incomplete. > And why you come up with Russia's deficit vs Germany' now? Because outside of Ukrainian men aged 18 to 65, the Germans are the real victims of this NATO proxy war.

canadianragweed

APMEX is hard to beat. I've used Texas Precious Metals as well. Both will buy back at a reasonable price point. TPM is still paying over spot I believe. Buy precious metal that's not reported on a 1099. You can find that list on the TPM website. You can sell on eBay, FB groups, etc. for spot plus premium BUT it's not even worth the risk IMHO. Maybe if you have something with substainal numismatic value.

Aussiehash

All DMs you receive (reddit, telegram, FB, IG) are scammers. All YouTube comments giving testimonials of an adviser are scams.

deezy_mtg

More than a meme. Was on headlines, not just viral FB posts. Also, the president spread the misinfo as well THIS YEAR, in Raleigh, President Biden said Donald Trump "told Americans all they had to do was inject bleach in themselves, remember that? Not a joke, you think I am making this up."

Aussiehash

>idk where to start Every single account that sends you a DM in reddit, Telgram, FB/IG are scammers. Every single testimonial in a chain of Youtube video comments is a scam > help https://www.lopp.net/bitcoin-information/getting-started.html

OK_REALLY_maybe

I'm sure this will bring me downvotes. I agree with almost all of these comments. I feel that with your comment on Bitcoin being a scam because Trump supports it? Sounds to me as though you graduated in the bottom of your class. Without honors. He is a businessman first, then a politician. He doesn't have a PhD. like you(of course), but if you have any kind of common sense about you, you might want to take note & watch how this man supports certain things that hold value. Bitcoin is fascinating & can be irritating as hell trying to understand it. I first knew about Bitcoin on FB. I was scammed $50. Bitcoin is not a scam. Scammers are a scam along with everything that they are involved with. Just take note of/ that.

CommunityCurrencyBot

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Puff0daddy

$TRYAN - 0x550F908e06d1DA4FFEe6B1FB63730F88eCc4d230 https://i.redd.it/pvs45twq5ifd1.gif 177K MC Massive meme bank that grows daily [https://drive.google.com/drive/folders/1uULh0q7oyOamKaw5qs6pzVOKjmBNI4ae?usp=drive\_link](https://drive.google.com/drive/folders/1uULh0q7oyOamKaw5qs6pzVOKjmBNI4ae?usp=drive_link)

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.

DontLookAtTheM00N

About 10% of my FB marketplace sales are done with various cryptos. Also we have have better pool for sports and we use crypto for that. I was also able to facilitate a boat purchase for a coworker so they could transfer the full amount in a day to another province, because the bank transfer would take too long and e transfers don't let you send enough. Was a bit sketchy, but turned out fine.

TigerTom31

You said nothing wrong. In fact, what you wrote is spot on, and any adult knows what you meant. Reddit is worse than FB. On a different subReddit (law), I commented, as a retired lawyer, why the NY prosecution of Trump was full of reversible error, including constitutional defects, and that any conviction would be reversed on appeal. My reward? I was banned from that page for life.

FkinRich

More discussions on this on FB [https://www.facebook.com/search/top?q=linus%20coin](https://www.facebook.com/search/top?q=linus%20coin)

leotechno51

There are too many distractions. People, not just young people, get interested in sports,gambling, partying……I really like to discuss how our money system works, nutrition, healthcare and of course bitcoin. Friends and family tell me they aren’t interested , it’s too complicated, then return to their sports show, video games, social media or some type of screen. We’re heading towards a dictatorship then a dystopian future if people don’t get involved. Our politicians are out of control, but we the people take sides like it’s a sporting event instead of taking to the streets to demand better candidates. Neither candidate running for president is a good candidate, but this is what a two party system forces us to accept then we call it a democracy. Stop whining on social media and take the initiative to do something. I no longer use FB or watch the news. I hope things turn around, but it’s not likely that most people have the will to move away from their distractions.

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.

gordonmeyerjr

Hi Mike, what do you see as the most significant regulatory challenges facing the crypto market today, and how is Figure Markets preparing to navigate these challenges to maintain its competitive edge? 0xD890Bfa7F145981a261fC8FB6836F507a676b52B

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.

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.

southwestern_swamp

1000 times better than being on FB or Instagram or TikTok 

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.