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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#291

Post by asdsa5325 »

coatmatter wrote: post #239
samstave wrote: post #145

ELI5: why does the world need a larger number of cryptocurrencies vs fewer/one instead? (I’m not holding any position, I just want to understand the logic for either case)

Going off-topic, but I want to ask whether writing "ELI5" is really necessary? I find it too much of a redditism and while it doesn't seem to contravene any hn guidelines, I get the feeling that "simple" questions would garner a better audience without the ELI5 prefix. There's perhaps also the problem of it being an unnecessary abbreviation, specific to another community. Alternatives (even though it takes more keyst…

I think you are overthinking it entirely

Re: Google bans cryptocurrency ads

#292

Post by n_ »

Mithorium wrote: post #233
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!!!!!!!!!!!

All her tweets on the subject are great >Internet rando 2: What about people who live under oppressed governments with unsound currency >Me: Only if the problem with their currency is that it's not volatile enough and the transaction speeds are too fast >"People are sick of the Federal Reserve, sick of bailouts, sick of inflation. You know what we need? Internet money with the usability of PGP and the stability of BA…

I loved this tweetstorm, but I must say, it's never taken me weeks to take a BART trip, but it's definitely taken me weeks to clear a BTC transaction.

Like hey, BART isn't that bad.

Re: Google bans cryptocurrency ads

#293

Post by Frondo »

dmix wrote: post #194
jonknee wrote: post #137

Earlier quoted context omitted.

> People latch onto it because it's a powerful idea and because the underlying technology has a lot of legitimacy to it. A few, but the vast majority have latched onto it because they think it will make them rich. Almost no one buying into cryptocurrencies could explain a blockchain if their life depended on it.

> A few, but the vast majority have latched onto it because they think it will make them rich Self-interested value creation has generated the vast majority of great achievements in the world. I don't see what wrong with that being a primary motivation to invest time and resources into something? Why else should people do it? Only for fun or altruistic reasons? If that was the case then cryptocurrencies would still b…

"Self-interested value creation has generated the vast majority of great achievements in the world."

The hell it has. Polio vaccine? Symphonies? Cathedrals? The Sistine Chapel? Representative democracy? The works of the great philosophers? The moon landings? The Mars rovers?

I'd say, make a list of the top 100 "great achievements in the world" and strong odds are, they're either done by some poor but intensely driven person, or a government that represents a lot more than one self-interested value creating person.

Re: Google bans cryptocurrency ads

#294

Post by lambda »

fancyfacebook wrote: post #282
zerostar07 wrote: post #228

Earlier quoted context omitted.

> I have a hard time seeing most places wanting to accept payment in an asset as volatile as Bitcoin. I have an even harder time seeing any of those people who invest in bitoin using their coins for purchases.

Everyone I know who got into crypto has the same story: for some silly reason they all bought like 5-10 different coins and it would be inordinately complicated and expensive to sell them all. I'm pretty sure whatever "newbie guides" exist out there purposely lead people to this awful state.

"Crypto" is short for "cryptography" (or related words like "cryptographic").

Using "crypto" to abbreviate "cryptocurrency" causes a lot of confusion, as the "crypto" in "cryptocurrency" was already an abbreviation; "cryptocurrency" is short for "cryptographic currency."

People who know nothing about cryptography or even that cryptocurrency uses cryptography get confused if they are looking for information about cryptocurrencies and instead find more general purpose resources on cryptography (like https://crypto.stackexchange.com/ or https://www.reddit.com/r/crypto/).

I know that this is a losing battle, like getting people to stop using "wiki" as an abbreviation for Wikipedia (which is just one out of many wikis), but I figure that as long as we're talking about people not knowing much but investing in it anyhow, I really encourage everyone to stop using "crypto" as an abbreviation for "cryptocurrency."

Re: Google bans cryptocurrency ads

#295

Post by marcrosoft »

I support the ability for Google to make this decision but we should not be celebrating this as a good thing. Instead, it should strike fear. Google has a disproportionate amount of influence through its ads and cannot act in the best interest of all individuals.

Re: Google bans cryptocurrency ads

#296

Post by heurist »

iamben wrote: post #110
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.

What I think is most bizarre - I have friends with really decent businesses that try really, really hard to get a few hundred thousand in funding. And yet I see the most _terrible_ ideas with an ICO cap of 20 million dollars. Still people throw in the cash. Ideas with literally no need for a blockchain. But "everyone will be able to spend the token on [insert terrible idea]!" 'The most bespoke electric hypercar! With…

If you're not an accredited investor and want to invest in a startup you don't have many options. Cryptocurrencies unlock that for a lot of people, even if the startups are absolutely awful.

Re: Google bans cryptocurrency ads

#297

Post by walshemj »

lambda wrote: post #294
fancyfacebook wrote: post #282

Earlier quoted context omitted.

Everyone I know who got into crypto has the same story: for some silly reason they all bought like 5-10 different coins and it would be inordinately complicated and expensive to sell them all. I'm pretty sure whatever "newbie guides" exist out there purposely lead people to this awful state.

"Crypto" is short for "cryptography" (or related words like "cryptographic"). Using "crypto" to abbreviate "cryptocurrency" causes a lot of confusion, as the "crypto" in "cryptocurrency" was already an abbreviation; "cryptocurrency" is short for "cryptographic currency." People who know nothing about cryptography or even that cryptocurrency uses cryptography get confused if they are looking for information about cryp…

Its actually Ancient Greek for secret

Re: Google bans cryptocurrency ads

#298

Post by wslh »

oculusthrift wrote: post #288
jrwiegand wrote: post #269

Earlier quoted context omitted.

I was just saying this the other day. I have been a steep learning curve about retirement accounts, mortgages, etc. There should really be a financial curriculum in high school, possibly all four years. This is basic information that everyone should be aware of.

isn't there some personal responsibility to teach yourself these things and not be stupid? Why do government funded schools have to teach people everything? And what subject will we cut to teach these things?

> Why do government funded schools have to teach people everything?

I don't know any government funded school... do you? Beyond this, people need financial knowledge to make better decisions since finance skills are required on a daily basis in the modern world.

Re: Google bans cryptocurrency ads

#299

Post by oculusthrift »

ungzd wrote: post #174
wastedhours wrote: post #5

Since Facebook banned them I've seen a surge in them on Twitter. Will be interesting to see what they do, and whether it contributes anything meaningful to their profit situation. I'm actually glad Google are (at least for the time being). Whilst rogue ICOs and crypto-pumpers are still working their stuff, the market is much more akin to back-street gambling and since there are already regs on AdWords for unsavoury a…

I see lots of ICO ads on Instagram, which uses Facebook's ad network. Probably they banned them only on Facebook, not in their ad network completely, or just lots of ads left unbanned. Also lots of russian money scam ads posted from temporary accounts, this may be explanation why ICOs aren't banned too: they ban, but new ads are posted again and again.

i always see the scammiest ads on instagram (free yeezy'z)
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