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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#91

Post by ellisv »

aje403 wrote: post #53
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 d…

Sounds like the opposite way FB handled Russian paid political ads for the US election.

Re: Google bans cryptocurrency ads

#93

Post by aws_ls »

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.

Mixed feelings on this one. Most of them are likely to be scams as its so easy to do. But there are also things like the Brave browser[1] with its BAT(Basic Attention Token)[2], which am very excited about. With the Ad revenue on Internet falling all around, with Ad-blockers increasing. Brave, with BAT, provides a new way for publishers to get paid. Interestingly it also has the potential to disrupt Google's Adsense model. So there is an interesting element of incumbent (Google) and disruptor (brave) in there.

[1] https://brave.com/

[2] https://basicattentiontoken.org/faq/#meaning

edit: typo

Re: Google bans cryptocurrency ads

#94

Post by JFFalcon »

DanBC wrote: post #80
clu3l355 wrote: post #67

Earlier quoted context omitted.

Is it not the female equivalent of "this dude"? edit: seems that's how the author intended it

HN has an international audience, and cultural norms are different in different regions. Very roughly in English workplaces you should avoid calling any of the women "chick" because you'll cause grave offence. There are very narrow exceptions to this. In places like Stoke on Trent you might find people calling each other "my duck" (but this isn't just women; men call each other "me duck" too.) But even there you need…

Agreed. I'm amazed the comment got such a negative reaction. I can't think of anyone I know who would be happy about being called a chick, however casually.

Re: Google bans cryptocurrency ads

#95

Post by Taek »

aws_ls wrote: post #93
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.

Mixed feelings on this one. Most of them are likely to be scams as its so easy to do. But there are also things like the Brave browser[1] with its BAT(Basic Attention Token)[2], which am very excited about. With the Ad revenue on Internet falling all around, with Ad-blockers increasing. Brave, with BAT, provides a new way for publishers to get paid. Interestingly it also has the potential to disrupt Google's Adsense…

The vast majority of cryptocurrency advertising is aimed directly at taking advantage of investors who probably don't know how to do proper diligence on such an early and untested technology.

I would put this squarely in the same vein as ads that might encourage you to 'buy our gemstone, it's going to be the new diamond'. Or 'our baseball cards are first edition and guaranteed to go up in value', etc.

Re: Google bans cryptocurrency ads

#96

Post by jessaustin »

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.

USA drug purchases fund most global drug research. That money comes from somewhere. It's fine for us to question whether this is the best way for drugs to be marketed in our nation, but for the rest of the world to do so seems a bit ungrateful?

Re: Google bans cryptocurrency ads

#97

Post by jessaustin »

pjmlp wrote: post #84
Karunamon wrote: post #73

Earlier quoted context omitted.

Is the political flamebait really necessary? It is possible for reasonable people to disagree on the fundamental rights the USA recognizes its citizens have, but that is not a great topic for HN.

Depends how much we care about other people's right to live.

Don't worry we also care about your right to sanctimonious speech.

Re: Google bans cryptocurrency ads

#98

Post by brwsr »

robotbikes wrote: post #14

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.

> The bubble is too big for Google

There is the "bubble" word again. So how about our economy, isn't that a bubble too?

What is a bubble? I still see too many places in the world where the sales price for a house is easily 10x the price it actually cost to build it. Banks? Quantitative easing? Startup's? Or at what point will Google look like a bubble itself?

Governments and Banks have learned that the crypto-currency revolution can replace a significant part of our current economy. Whether that's good or bad news, calling it a bubble is foolish and cheap IMHO.

Re: Google bans cryptocurrency ads

#99

Post by Taek »

robotbikes wrote: post #14

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.

The frustrating bit is that these scams paint a really sour picture of the space as a whole. There's a lot of value to cryptocurrencies, and as a technology it's poised to change the world in some very serious ways. People latch onto it because it's a powerful idea and because the underlying technology has a lot of legitimacy to it.

People hear ads about how you need to move over your 401k and discount the whole space as a scam. The scams are crowding out the innovation, drawing potentially disastrous regulatory scrutiny, and as a whole setting back a legitimate budding industry substantially.

I hope that when regulators finally do step in, they are able to take actions that stop the scams without destroying the underlying technology.

Re: Google bans cryptocurrency ads

#100

Post by smt88 »

brwsr wrote: post #98
robotbikes wrote: post #14

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.

> The bubble is too big for Google There is the "bubble" word again. So how about our economy, isn't that a bubble too? What is a bubble? I still see too many places in the world where the sales price for a house is easily 10x the price it actually cost to build it. Banks? Quantitative easing? Startup's? Or at what point will Google look like a bubble itself? Governments and Banks have learned that the crypto-currenc…

Sure, any bubble can pop. But unlike some other assets, like houses, many popular cryptocurrencies currently have little-to-no intrinsic value.
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