Google bans cryptocurrency ads • Hacker News Board

Re: Google bans cryptocurrency ads

#11

Post by campuscodi » Wed, Mar 14, 2018, 11:09 AM UTC

Good riddance!

Source for statement: http://blog.talosintelligence.com/2018/02/coinhoarder.html

Re: Google bans cryptocurrency ads

#12

Post by rorykoehler » Wed, Mar 14, 2018, 11:14 AM UTC

wccrawford wrote: post #10

_aeneas wrote: post #3

I believe this to be a good decision. Investment should not be driven by advertisement but by facts. In my experience, any investment advertisement tying to appeal to mass audiences is fraud. This is no different for cryptocurrencies and reminds me of the penny stock scams.

I feel the same way about prescription drugs. Those are for doctors to prescribe, not for patients to request.

That's why advertising drugs is banned world over.

Re: Google bans cryptocurrency ads

#13

Post by John_KZ » Wed, Mar 14, 2018, 11:21 AM UTC

I hate scams myself, but what gives google the right to judge on this matter? Shouldn't they be following the guidelines of local governments?

Re: Google bans cryptocurrency ads

#14

Post by robotbikes » Wed, Mar 14, 2018, 11:25 AM UTC

I was listening to terrestrial radio the other day and was surprised to hear a radio advertisement beckoning retirees to cash in their 401ks to join the cryptocurrency future of Bitcoin and Ethereum. The bubble is too big for Google to slow it down and it has grown beyond the realm of tech savvy geeks into something fueled by hype and hubris.

Re: Google bans cryptocurrency ads

#15

Post by AJ007 » Wed, Mar 14, 2018, 11:27 AM UTC

John_KZ wrote: post #13

I hate scams myself, but what gives google the right to judge on this matter? Shouldn't they be following the guidelines of local governments?

If someone loses all of their savings after clicking an ad served by Google, that isn’t very good for Google’s brand or the user’s ability to buy anything else.

Re: Google bans cryptocurrency ads

#16

Post by yani » Wed, Mar 14, 2018, 11:27 AM UTC

John_KZ wrote: post #13

I hate scams myself, but what gives google the right to judge on this matter? Shouldn't they be following the guidelines of local governments?

They are a service provider and can decide what to allow and disallow on their platform.

Re: Google bans cryptocurrency ads

#17

Post by rastaaaaaa » Wed, Mar 14, 2018, 11:30 AM UTC

rorykoehler wrote: post #12

wccrawford wrote: post #10

Earlier quoted context omitted.

I feel the same way about prescription drugs. Those are for doctors to prescribe, not for patients to request.

That's why advertising drugs is banned world over.

Not in the USA apparently.

Re: Google bans cryptocurrency ads

#18

Post by r_singh » Wed, Mar 14, 2018, 11:44 AM UTC

rastaaaaaa wrote: post #17

rorykoehler wrote: post #12

Earlier quoted context omitted.

That's why advertising drugs is banned world over.

Not in the USA apparently.

Yes, Rx marketing to general public is legal in the USA, but the ads are regulated.

Re: Google bans cryptocurrency ads

#19

Post by r_singh » Wed, Mar 14, 2018, 11:45 AM UTC

rorykoehler wrote: post #12

wccrawford wrote: post #10

Earlier quoted context omitted.

I feel the same way about prescription drugs. Those are for doctors to prescribe, not for patients to request.

That's why advertising drugs is banned world over.

Rx advertising / marketing towards general public is banned in most countries.

However, many countries allow for Rx drug advertising / marketing targeted towards consumers.

Re: Google bans cryptocurrency ads

#20

Post by saintPirelli » Wed, Mar 14, 2018, 11:46 AM UTC

tobiaswk wrote: post #2

Good. The amount of crazy ICO's I've seen is staggering. Most of them are surely scams in some sense. Reddit is filled with them.

I'd actually go as far as to say that ICOs are fraudulent by nature. The ones that are not fraudulent by intent just have no idea what they are actually doing.