Californian startup thinks it could dominate crypto, but claims Facebook is censoring its ability to advertise while favoring big firms like Intel and Amazon Web Services
UniCoin Blockchain (UniCoin), which describes itself as a California-based supercomputing startup, has reported that the company has been banned from Facebook because its technologies could be used to dominate the processing of cryptocurrencies. In early February 2018, Facebook unilaterally banned all advertisers — even those that operate legal, legitimate businesses — to promote things like Bitcoin and other cryptocurrencies, initial coin offerings (ICOs), and binary options.
UniCoin’s highly portable, distributed supercomputers are set to provide cheaper and more eco-friendly processing for A.I., deep learning, big data, and the emerging Blockchain and crypto processing space. That is all well and good, but Facebook’s censorship has limited the company’s communication channels. UniCoin’s latest announcement charges that Facebook may not simply stop at censoring small companies like UniCoin, but insinuates that this censorship may included technology companies like IBM, 1Qbit, Intel, NVidia, D-wave, and AMD.
Who are UniCoin?
UniCoin is a new startup that began its business early in 2018. The company is reportedly building a network of rapidly-deployable supercomputers called MINTs. These distributed MINTs claim to offer superior processing power with greater profits and less environmental impact than their counterparts at Amazon Web Services or Microsoft Azure.
Not needing to stack their MINTs into a traditional datacenter, UniCoin’s technology is much more scalable and environmentally friendly. This is because MINTs can operate without any thermal management. This is where data centers waste 30% of their energy budget. With their network of processing power, UniCoin aims to crunch data generated by A.I., Deep Learning, Big Data, the emerging market of Crypto Currency mining, and Blockchain processing.
Bad Timing?
Soon after UniCoin launched its new online public offering, UniCoin discovered that its efforts to build awareness through Facebook would be blocked due to Facebook’s latest policies.
When Facebook announced its ban of crypto related adverts on its various platforms, Facebook wrote on its blog page, “This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.”
UniCoin charges that Facebook is currently operating a double standard policy. UniCoin itself has been banned, however, companies like Amazon Web Services, Microsoft Azure, IBM, Intel, NVidia and AMD are not. This might be because all of those companies spend millions of dollars worth of advertising with Facebook. They are not seeing pushback when spreading their messages on A.I., Deep Learning, Big Data, and Crypto Currencies like UniCoin.
“It’s unjust that Facebook has chosen to single out UniCoin for censorship,” commented co-CEO and founder of UniCoin, Chris Anthony. “It doesn’t seem that Facebook has taken action against any other tech company that has technology being actively used in the Crypto space like AMD, Intel, IBM, or NVidia. Yet a small company like UniCoin, where crypto is only part of our business, is being singled out unfairly. We don’t have a million-dollar advertising budget, but with our new technology we are able to offer a service that is better for the environment and one that can help thousands of property owners and small businesses profit from distributed processing. We’re doing good for things for the world and we just want to tell our story,” he said.
“I feel that Facebook has an obligation to not censor small companies that are doing good for the environment and helping small companies stabilise their cash flows by finding revenues in their unused space and power assets,” suggested Steve Fambro, co-CEO and founder of UniCoin. “As the world embraces more advanced technologies like A.I. and Deep Learning, it should be those technologies that are more efficient and eco-friendly that are singled out for recognition, not censorship. I hope that Facebook comes around to support this notion or it should start to block everyone who is capable of processing cryptocurrencies.”
