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Google will ban all cryptocurrency-related advertising

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Re: Google will ban all cryptocurrency-related advertising

#131

Post by soundwave106 »

philliphaydon wrote: post #98
RestlessMind wrote: post #21

Earlier quoted context omitted.

My livelihood depends on online advertising and yet I have the opposite feelings. Google (and Facebook and Reddit etc) should be doing more content policing, especially for the content monetized by advertising, and should be held liable for the content which they monetize. Right now, no one is responsible for the poisonous mixture of fake-news / radicalizing context coupled with attention based internet economy where…

> Right now, no one is responsible for the poisonous mixture of fake-news / radicalizing contex Who decides what’s fake news. Trump said there was problems in Sweden. NYTimes called him out on it. Not even a year later they are writing about the problems in Sweden. So was the fake news trumps comment? Or the denile and lying by the media? Maybe we should just censor everything. Censor trump, the media, advertising, e…

For Google, the answer is pretty clear: the advertisers decide what content is acceptable or not acceptable. It is pretty clear (like the parent indicated) that the pressure to demonetize is coming from the advertisers. And it's not really "fake news" that I've heard the most about, it's content that is deemed objectionable to their image. Not many companies are going to accept appearing next to terrorist recruiting videos, or racist material, or videos that appeared to be child predatory (all headline-grabbing incidents of late). Large companies also tend to shy away from "controversial" / "radical" politics as well, so there's no question that some of those are going to be targeted.

This is the consequence of the nature of the beast: a broadcast platform that lives off of advertisements. You can't force Google to not do what their advertisers want.

I see no reason at this time why those with advertiser-unfriendly viewpoints can set up alternative platforms, that do not necessarily need to cater to big-corporate advertisers. At this point (at least in the United States), you don't have the situation in some nations where there is just one viewpoint (the state media) and alternative opinions are silenced not by demonitization, but by police/army force.

Re: Google will ban all cryptocurrency-related advertising

#132

Post by bluGill »

Ajedi32 wrote: post #123
Shoue wrote: post #101

Earlier quoted context omitted.

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.

Why would you ever need to _advertise_ a cryptocurrency anyway? Can you imagine someone advertising a specific stock, or a fiat currency? That'd be ridiculous! Seems likely to me that most of those ads are just trying to prop-up the price of the currency they're advertising so that the one who bought the ad can dump their holdings at a higher price. I'm a little concerned though that Google's ban here seems to go bey…

A legitimate ad for a crypto currency is the same usecase as a credit card: you want people to choose your currency/card for their transactions. Note that in both cases the legitimate use is transactions, and in both cases the real motivation is those who fall into a scam (in the case of a credit card high interest rates).

Re: Google will ban all cryptocurrency-related advertising

#133

Post by nightski »

rhizome wrote: post #18
nightski wrote: post #7

Earlier quoted context omitted.

Right but what else have they put the brakes on without you knowing.

You mean what ads have I been hungry to see, but mean old Google keeps them away from my eyes? None.

So you are implying that Google only has control over ads?

Re: Google will ban all cryptocurrency-related advertising

#134

Post by sjbase »

I don't think they really have a choice here. If you think the SEC rules on "is X a security" are broad, take a look at FINRA's rules on advertising and recommending securities.

The crypto litigation mass is approaching its Schwarzschild radius... By acting as a conduit for these ICO ads, Google etc. are making themselves part of the accretion disk arond the black hole, teeing up a decade of subpoenas, complaints, etc.

Re: Google will ban all cryptocurrency-related advertising

#136

Post by pgeorgi »

d3ckard wrote: post #108
pgeorgi wrote: post #99

Earlier quoted context omitted.

> 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.

I'm less concerned with the amount of money flowing to YT, but the logistics. The hassle free "upload stuff, and if you're popular there's a button to add ads" model wouldn't work. The first interaction with YouTube as a publisher would be a form to enter credit card data.

Re: Google will ban all cryptocurrency-related advertising

#137

Post by AnIdiotOnTheNet »

wyldfire wrote: post #128
Ajedi32 wrote: post #123

Earlier quoted context omitted.

Why would you ever need to _advertise_ a cryptocurrency anyway? Can you imagine someone advertising a specific stock, or a fiat currency? That'd be ridiculous! Seems likely to me that most of those ads are just trying to prop-up the price of the currency they're advertising so that the one who bought the ad can dump their holdings at a higher price. I'm a little concerned though that Google's ban here seems to go bey…

> Can you imagine someone advertising a specific stock, or a fiat currency? The latter -- yes, that's ridiculous. But not the former. Companies whose stock is traded publicly do advertising all the time. The intended audience for the ads isn't limited to potential buyers of their product. It's often also useful for swaying shareholders, potential shareholders, regulators, etc.

Just because people do it doesn't mean he isn't right about it being ridiculous.

Re: Google will ban all cryptocurrency-related advertising

#138

Post by sli »

candu wrote: post #113
cesarb wrote: post #110

Earlier quoted context omitted.

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.

Well: "very little research has been done in people on the health effects of acai products." [1] In general, health supplements, miracle berries, etc. sit on dubious scientific ground: many have either not been extensively studied, or have been studied and shown to have no discernible effect (good or bad). The assertion here is not that açaí itself is bad per se, but that it is marketed as being healthy with little o…

> miracle berries

Is this commonly used to refer to acai berries? The only "miracle berry" I know of[1] is named for the effect on perception of flavor caused by the chemical miraculin, which is produced by the berry.

They're also extremely fun to introduce to people who have never tried them before, and I highly recommend them for your next party.

[1]: https://en.wikipedia.org/wiki/Synsepalum_dulcificum

Re: Google will ban all cryptocurrency-related advertising

#139

Post by gandutraveler »

RestlessMind wrote: post #21
freedomben wrote: post #3

Google is a private business and they can do what they want, but this disappoints me. More and more Google seems to be thinking of themselves as content police (consider YouTube is owned by Google also), and I think that's a shame. Perhaps it will open up a market for dethroning them. A serious YouTube competitor that doesn't demonetize content they find disagreeable would be very healthy, IMHO.

My livelihood depends on online advertising and yet I have the opposite feelings. Google (and Facebook and Reddit etc) should be doing more content policing, especially for the content monetized by advertising, and should be held liable for the content which they monetize. Right now, no one is responsible for the poisonous mixture of fake-news / radicalizing context coupled with attention based internet economy where…

This whole fake news/ads can be solved by allowing consumer's to see which company/person posted the ad.

Re: Google will ban all cryptocurrency-related advertising

#140

Post by freedomben »

jcrites wrote: post #33
freedomben wrote: post #3

Google is a private business and they can do what they want, but this disappoints me. More and more Google seems to be thinking of themselves as content police (consider YouTube is owned by Google also), and I think that's a shame. Perhaps it will open up a market for dethroning them. A serious YouTube competitor that doesn't demonetize content they find disagreeable would be very healthy, IMHO.

> A serious YouTube competitor that doesn't demonetize content they find disagreeable would be very healthy, IMHO. It's probably not YouTube demonitizing content that they personally find disagreeable. It's most likely advertisers that find it disagreeable that their ads show up next to objectionable content: advertisers don't control precisely which videos their ads show up next to - they just target them to certain…

This is a great point (as far as it relates to demonetization). Ultimately the advertisers (and arguably the consumers those advertisers want to reach) are the ones with the power.
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