Yay. Good news.
Go peddle your ponzi schemes somewhere else!
Google will ban all cryptocurrency-related advertising
51–60 of 151 posts
Re: Google will ban all cryptocurrency-related advertising
#52As outraged as many folks might be this is just good business for Google and Facebook. Internet advertising, nay advertising at large, is dangerously close to becoming a regulated, or more regulated, industry in the wake of fake news and Russian troll farms etc. If they aren't proactive and people lose money they inch ever closer to requirements that can and will eat large chunks of their profit margins. This isn't e…
Acai berry is ok, but Bitcoin is bad?
One's ability to use (and therefore consume and therefore buy) acai berry product close-to-fundamentally limited by biology. Not only that, but there is a lag of as least 1 day between ordering an acai berry product and receiving it. Nobody is going to lose $200K investing in Acai berry.
Someone, especially a someone with a smartphone and poor impulse control, might lose $200K investing in a cryptocurrency. The sort of person who has that money to lose is either retired or reasonably wealthy, and therefore has the time or self-advocation skill to have an incremental influence on legislation or regulation.
Re: Google will ban all cryptocurrency-related advertising
#53The whole cryptocurrency is quite tainted atm, I'm pleased they do this, if only to root out the bad players. Perhaps at a later time when things are more stable they will go back to offering these ads.
Re: Google will ban all cryptocurrency-related advertising
#54I'm collecting those ICO banners as signs of the era. Sure, I know it is the bubble, hence the driving force for me to collect them.
"Kids look, those are the pics of ICO craze 2018! Now get off my lawn"
Re: Google will ban all cryptocurrency-related advertising
#55forgive me, but all i can say is: lol years too late
Re: Google will ban all cryptocurrency-related advertising
#56I completely understand this decision but that doesn’t make me any less disappointed. Not in Google but the users. Nothing has changed if after all these years, people still fall for scams: Nigerian princes, Ponzi schemes, single house wives and now ICOs.
You can always find a sucker, but the hope is that education will greatly reduce many of those suckers. The thing is there still are many scams that are in plain sight, things like fad diets, weight loss products, and on and on.
The medium makes a difference. Lots of people wake up and the first thing they do is turn on their smartphone, consuming advertising at the time when they are least capable of critical thought.
Re: Google will ban all cryptocurrency-related advertising
#57At first I expected this to be about JS-mining ads. How the hell can these companies turn blind eyes to bogus advertising like [1] to the point that the FTC steps in - but suddenly have a conscience about cryptocurrency. It would please me to no end for advertising to magically become 100% truthful and fact-based. But this is selective censorship for reasons I don't care to understand, the ads these companies serve w…
Individuals learn and organisations learn.
Perhaps the intervention of the FTC lead to a change in organisational incentives that made the organisation more wary of allowing possibly-fraudulent ads.
Re: Google will ban all cryptocurrency-related advertising
#58Earlier quoted context omitted.
> Google is a private business and they can do what they want No. They can't. Countries have laws that regulate what companies can and can't do. That's why so many companies have had to pay fines in the past. To assert that "private business ... can do what they want" deteriorates democracies and the rule of law. update: My comment is not about if Google did right or wrong, or if it's legal or not for them to ban cry…
Please. Cryptocurrency advertising, the domain of “the next Bitcoin” and “100,000% return on ICO” scams, is an odd hill to die on in the pursuit of grandiose claims of “democracy and the rule of law”. Google can accept or deny any advertising they choose, and statehood and governments have nothing to do with it; I anticipate your “but First Amendment” reply and challenge you to think about to what relationship a Cons…
In light of what you say, what is your view of advertising companies accepting advertising from religious groups but rejecting advertising from athiest or humanist groups (advertisements that by any reasonable standard should be considered non-offensive)?
Re: Google will ban all cryptocurrency-related advertising
#59Now there will be an order of magintude less scam per popula, and without ads crypto bubble will fade and go away in few months.
Re: Google will ban all cryptocurrency-related advertising
#60Now if only Twitter would do the same, it's about 90% of their promoted tweets now. To me, it says something about the platform overall since they don't seem to mind these obvious scams marketing to their userbase.