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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#51

Post by briandear »

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?

LOL. How? By geolocation? Geolocation is exceptionally annoying and inaccurate. I am near Marseille but geolocation has me in Corsica and sometimes Malta. With VPN, I can instantly be anywhere I want.

Google.com should be google.com — everyone that visits should see the same thing regardless of location.

If I visit a shop in downtown Mountain View, they don’t re-arrange the shop because I am resident of France do they?

Then why the hell do websites do that?

If I want the French location of the Google “shop,” I will visit the shop in France — google.fr.

Of course, Google France would need to follow French law, but why Google Mountain View would need to — it makes no sense.

The consumer is choosing to visit the website. The consumer should have the choice if they want to visit California or Lyon.

Re: Google bans cryptocurrency ads

#52

Post by filesystem »

saintPirelli wrote: post #20
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.

They know exactly what they are doing. They are raising massive funds in an extremely short period of time with no direct obligation to provide returns to shareholders.

Re: Google bans cryptocurrency ads

#53

Post by aje403 »

BenGosub wrote: post #48

Why only mention cryptocurrencies in the title? There are other financial products listed...

"Advertisers offering Contracts for Difference, rolling spot forex, and financial spread betting will be required to be certified by Google before they can advertise through AdWords. Certification is only available in certain countries."

This isn't rocket science:

"Hey, we shouldn't be supporting cryptocurrency advertisement any more, this could lead to trouble for us in the upcoming year and may be unethical"

"Why don't we take a look at all risky financial products that aren't easily understood but are marketed at layman investors"

"Great idea!"

"Definitely let's leave binary options out with cryptocurrencies, but we'll just leave in stricter controls for financial products which aren't complete scams"

Re: Google bans cryptocurrency ads

#54

Post by tjwds »

kelukelugames wrote: post #38
chx wrote: post #31

Earlier quoted context omitted.

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.

Agreed — her reporting for The Verge is consistently amazing: https://www.theverge.com/users/Sarah%20Jeong

Re: Google bans cryptocurrency ads

#55

Post by [deleted] »

purple-again wrote: post #49

Wow thanks for that, this chick seems awesome. Maybe my reading comprehension is shit but I never saw where she linked to her 'centralized feelings on bitcoin' or whatever. Did anyone see where that is? I've been sitting here in my little traditional finance world shaking my head at Bitcoin for years and would love to see her much more elegantly written tear down.

[deleted]

Re: Google bans cryptocurrency ads

#56

Post by purple-again »

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?

It's Google's house, that gives them the right. If they want to start returning a giant middle finger for any search query with the letter x in it they can and no one can stop them. The exodus of customers to Bing would stop them.

Somehow I don't see an exodus of customer's from Google over their banning of cryptocurrencies from ads.

Re: Google bans cryptocurrency ads

#57

Post by chx »

purple-again wrote: post #49

Wow thanks for that, this chick seems awesome. Maybe my reading comprehension is shit but I never saw where she linked to her 'centralized feelings on bitcoin' or whatever. Did anyone see where that is? I've been sitting here in my little traditional finance world shaking my head at Bitcoin for years and would love to see her much more elegantly written tear down.

> this chick

I can't, just can't, not in 2018, leave "this chick" without a remark: it sounds rather derogatory. Please be more respectful.

Re: Google bans cryptocurrency ads

#59

Post by skocznymroczny »

John_KZ wrote: post #25
yani wrote: 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…

> What if Google decides to disallow all mentions and all possible advertisements of a certain political party?

Unfortunately most people will say it's fine, as long as they ban the opposite party.

Re: Google bans cryptocurrency ads

#60

Post by gus_massa »

ada1981 wrote: post #44
MadSudaca wrote: post #21

Earlier quoted context omitted.

I agree with the other commenter. The same could be said about anything you buy for yourself. I buy food so that I can keep my body functioning, in order to be able to produce value and make money. So buying potatoes is a kind of investment.

If you buy potatoes to eat, or even really to turn into french fries and sell, its an input. If you buy them to HODL because you think potato options are going to bring you a return, it's an investment. If you've invested in a global, decentralized game of hot potato, well, that's crypto ;)

If you are going to HODL, buy soy or corn or other cereal, potatoes rot too easy. [This is not financial advice!]

Somewhat related: A few years ago, in Argentina it was usual that the farmers keep most of their production of soy in big long bags in the field, because if they sold them they only could get pesos and with a 30% annual inflation it was better to keep the grains and sell them when they need to buy something. (In Spanish) https://es.wikipedia.org/wiki/Silo_bolsa autotranslation https://translate.google.com/translate?sl=es&tl=en&js=y&prev...

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