Facebook is censoring the #Bitcoin hashtag to build a safe community. However, labels on drugs, guns, and all other altcoins are fine.
For the past few days, Facebook has been busy checking all posts with the hashtag #Bitcoin in the description. Videos, photos and even messages are censored to prevent the public from accessing information related to cryptocurrency.
After entering the tag, users around the world will be presented with a verification screen where Facebook will ensure posts are “temporarily hidden” to keep the community safe.
Several users condemned the ban on Bitcoin via Twitter. Twitter differs from Facebook in that it has a pro-bitcoin view. Not only does it allow hashtags, but cryptocurrencies also have their own emojis. Its CEO Jack Dorsey has spoken about Bitcoin many times. He even said that it will play an important role in the future of finance.
Beware of #Bitcoin!
It seems that bitcoin is the most dangerous cryptocurrency in the ecosystem as Facebook allows searching for other altcoins like #Ethereum, #Cardano, #ethereumclassic, etc., and #onecoin #hex and other popular safer items.
Some other hashtags that Facebook considers safer than #Bitcoin are #drugs, #xans, #weapons, #counterfeitproducts, #whitesupremacy, #Hamas, and #Isis.
Although tags are a big no for Facebook, untagged search results for “Bitcoin” are perfectly normal and have not been censored by social media giants.
History of Facebook and its Relationship with Bitcoin
This is not the first time Facebook has reviewed Bitcoin-related content. In early 2018, Facebook decided to change its policies to explicitly prohibit advertising for cryptocurrency and other ICO transactions.
The company described cryptocurrency in its official blog post as a product that could harm its user’s interests. They assured that the policy would be broad. This is until they are able to refine the censorship mechanisms applied to this type of ads:
“We’ve created a new policy that prohibits ads that promote financial products and services that are frequently associated with misleading or disappointing promotional practices, such as binary options, initial coin offerings, and cryptocurrency.”
However, Facebook recognized this and again allowed the use of crypto advertising … that is, when it decided to start its own cryptocurrency, Libra. The company said in a statement:
“We’ve listened to feedback and assessed the policy’s effectiveness.”