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Re: Forum advertising DeFi totally-not-scams
by
theymos
on 03/12/2020, 02:29:50 UTC
⭐ Merited by malevolent (1)
You've been very generous handing out coin before - why not hire a professional to evaluate the ads?

Phore only paid about $500 for this ad. It wouldn't make economic sense, especially since many advertisers would have to be checked for every one ad that is accepted, wins slots in the auction, and ends up paying. By memory, I'd guess that in the last 3 years there's been only 2 or 3 ads pulled after acceptance due to something I missed. Bitcointalk.org ads are far more high-quality than eg. AdSense ads are. If even this low level of risk became unacceptable, then it'd make more sense to just not sell ads. (Not selling ads is something that I've considered, since it's a lot of trouble for not really that much return, but without ads the forum's cashflow would currently be way too far in the negative. I'd have to come up with an additional source of revenue first.)

This case seems to be a difference of opinion on policy rather than an issue of something I missed, though. I just see very little potential for harm from this ad, even if Phore's tokens are risky. It seems very unlikely to me that even a single person is going to view this ad and/or read the linked article, develop a desire to invest in Graphene despite the lack of any real suggestion from the ad/article to do so, do the research to figure out that they need to buy Phore tokens to get Graphene tokens, and go do that. Rather, the purpose of the ad seems to be to improve Graphene's reputation as a platform for dApps, not to attract investment. The state of the ad auction was such that rejecting Phore's ad would've resulted in no loss in revenue whatsoever; I allowed it as a matter of fairness/consistency.