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Google will ban all cryptocurrency-related advertising

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Re: Google will ban all cryptocurrency-related advertising

#101

Post by Shoue »

austincheney wrote: post #69
jsonne wrote: post #12

As 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…

> As outraged as many folks might be I am thinking that only applies to people who invested in cryptocurrency.

As someone who has invested in cryptocurrencies, I have to say I don't really mind the ban – most crypto ads I've seen so far have been scammy or for subpar copycat cryptocurrencies, and I feel like that'd be the general trend, even if legitimate cryptocurrencies start using ad platforms I feel like they'll be a minority since they already get free advertisement through word of mouth by simply being innovative.

Re: Google will ban all cryptocurrency-related advertising

#102

Post by tommorris »

220V_USKettle wrote: post #48
jsonne wrote: post #12

As 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?

Yes, acaí berries are tasty and make a lovely addition to a healthy breakfast. Cryptocurrencies are Internet penny stocks with lofty aspirations.

Re: Google will ban all cryptocurrency-related advertising

#103

Post by makomk »

em3rgent0rdr wrote: post #78
provost wrote: post #4

Earlier quoted context omitted.

With the ICO/coin ads promising 49,000% returns that I see here in the UK, I’m glad that they’re putting the brakes on it.

It would be one thing if they followed a strict rule such as "we will block ads that present unrealistic claims" and then applied that rule equally across all advertisers. But the concern is they are singleing out one particular technology. That will harm those cryptocurrency business which aren't making claims about certain percentage of returns, thereby making it hard for a potential new novel use of cryptocurrency…

That does indeed seem to be what they're doing. For example, they're intentionally still allowing ads for Contracts for Difference, rolling spot forex, and financial spread betting (with some restrictions). Those are sophisticated financial products that probably shouldn't be used by normal consumers, and they're being marketed to that group via YouTube and Google ads by the exact same companies that have been marketing cryptocurrency trading, often via ads that bury the fact they are CfDs in the small print.

Re: Google will ban all cryptocurrency-related advertising

#105

Post by carlossilva33 »

pjc50 wrote: post #96
carlossilva33 wrote: post #93

Earlier quoted context omitted.

The only direction for a repressive, authoritarian regime is a completely homogenous society. Such a society, in turn, will be filled with its own brand of supremacists. Case in point: Germany, 1933.

Banning scams is not "repressive" and the slippery slope is ridiculous.

The slipery slope starts with starving websites of ad income[1], goes through arresting people for trolling[2] and God knows where it ends. Now in US they are trying to make companies like Facebook responsible for the content of the users[3], nevermind the new crazy EU law[4].

[1]https://www.recode.net/2017/1/25/14375750/google-adsense-adv...

[2]https://www.telegraph.co.uk/news/uknews/law-and-order/116271...

[3]https://www.techdirt.com/articles/20180226/07321339304/secti...

[4]http://www.straitstimes.com/world/europe/remove-terror-conte...

Re: Google will ban all cryptocurrency-related advertising

#106

Post by lewisj489 »

tnolet wrote: post #104

I was on an Easyjet flight yesterday and their in flight magazine had a 15-page section with paid advertorials from all kinds of bitcoin, ico etc. companies. The rest were ads about VPN software. Pretty weird.

I saw this too, I was genuinely weirded out to see print advertising for cryptocurrency

Did you see the "World's first blockchain currency for football"?

Re: Google will ban all cryptocurrency-related advertising

#107

Post by [deleted] »

usrusr wrote: post #71
oh-kumudo wrote: post #5

Earlier quoted context omitted.

Can user sue Google if they follow an crypto advertisement on it, invest in it then find it is a fraud? It is likely self-protection.

If con-men give you money to find their next mark, you are complicit in their crime. Due to ad targeting, this applies to Google et al more than it would apply to dumb advertisement platforms like print. It certainly would still be extremely unlikely that a victim would be successful in suing Google for damages of a trap they stepped into due to Google-supplied ads (just imagine what that would mean for kickstarter..…

[deleted]

Re: Google will ban all cryptocurrency-related advertising

#108

Post by d3ckard »

pgeorgi wrote: post #99
binocarlos wrote: post #91

Earlier quoted context omitted.

Take Basic Attention Token ( https://basicattentiontoken.org/ ) as an example - it is attempting to remove YouTube as an advertising middle-man that controls and takes a cut of ad revenue. By creating a marketplace where advertisers pay content creators directly, it in my mind represents a direct threat to how YouTube operates today.

> how YouTube operates today You mean, paying for the infrastructure with ads? As soon as most of that money is routed elsewhere, YouTube has little other option than to invoice operation costs with creators (or shut down the service). The BAT doesn't provide a solution for hosting.

That's the point. Now they take most of the profits from the content because they provide monetization and infrastructure. Once they are providing only infrastructure, they can only charge for infrastructure. They will still make money, but much less of it.

Re: Google will ban all cryptocurrency-related advertising

#109

Post by tnolet »

lewisj489 wrote: post #106
tnolet wrote: post #104

I was on an Easyjet flight yesterday and their in flight magazine had a 15-page section with paid advertorials from all kinds of bitcoin, ico etc. companies. The rest were ads about VPN software. Pretty weird.

I saw this too, I was genuinely weirded out to see print advertising for cryptocurrency Did you see the "World's first blockchain currency for football"?

Yes! and we also have a DJ Don Diablo ICO https://www.billboard.com/articles/news/dance/8241155/don-di...

Re: Google will ban all cryptocurrency-related advertising

#110

Post by cesarb »

220V_USKettle wrote: post #48
jsonne wrote: post #12

As 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?

Sorry if I'm out of the loop, but why would açaí be bad? I can walk a couple of minutes and buy a drink of açaí with guaraná, and I've never heard anything negative about these drinks.
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