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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#31

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.

From the best tweetstorm ever on topic by Sarah Jeong:

https://twitter.com/sarahjeong/status/953464303960469504

> All of this has gone too far!!!!! It was fine when you paranoid dorks were out there scamming each other, please leave the normies alone!!!!!!!!!!!

Re: Google bans cryptocurrency ads

#32

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.

in Italy, which is not the heart of tech bubbles, there have been reports (I got a call too!) of telemarketers cold calling people to invest in cryptocurrencies. This genuinely frightened me.

I received one such call (in Italy)...

Re: Google bans cryptocurrency ads

#33
post #25
post #16

Earlier quoted context omitted.

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

Not really. They can't decide to disallow bussiness run by black people or Slovenians. There's a law against that. For a large monopolies like that, it might be wise to expand anti-discrimination laws to include more things. At least that's my opinion. What if Google decides to disallow all mentions and all possible advertisements of a certain political party? What if it deletes all your emails without warning, becau…

Scam artists aren't a protected class

Re: Google bans cryptocurrency ads

#35
post #22

Earlier quoted context omitted.

You buy into an investment because you expect a capital gain. You don't buy shoes in expectation of a capital gain.

Sure you do. You buy higher-end business shoes and suits to be eligible for management positions that pay better. Might not be the case in SV and the startup world, but it certainly is at most other companies.

and you invest in food because if you don't eat, then you'll die and make no more money!

That definition of "investment" includes almost everything anyone can possibly do.

Re: Google bans cryptocurrency ads

#36
post #25
post #16

Earlier quoted context omitted.

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

Not really. They can't decide to disallow bussiness run by black people or Slovenians. There's a law against that. For a large monopolies like that, it might be wise to expand anti-discrimination laws to include more things. At least that's my opinion. What if Google decides to disallow all mentions and all possible advertisements of a certain political party? What if it deletes all your emails without warning, becau…

Then I think we would need to cross that bridge when we got there. As someone else said, people are losing non-trivial amounts of money to scams that are disguised as investments. You don't want ads for these scams when ad money is your life blood.

I understand the line. Cryptocurrency isn't inherently bad. There's just a lot of bad actors out there giving it a bad name at the moment. Also, this isn't even close to racial or ethnic discrimination.

Re: Google bans cryptocurrency ads

#37

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.

in Italy, which is not the heart of tech bubbles, there have been reports (I got a call too!) of telemarketers cold calling people to invest in cryptocurrencies. This genuinely frightened me.

I've received a couple in the UK. Low end telemarketers (overseas, poor English, zero knowledge of their subject matter) and clearly originating from random dialling or a list of mobile numbers without names, so making traditional boiler room operations seem sophisticated.

Re: Google bans cryptocurrency ads

#38
post #31

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.

From the best tweetstorm ever on topic by Sarah Jeong: https://twitter.com/sarahjeong/status/953464303960469504 > All of this has gone too far!!!!! It was fine when you paranoid dorks were out there scamming each other, please leave the normies alone!!!!!!!!!!!

I discovered her twitter account during the uber trial. She is hilarious and worth following.
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