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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#301

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?

Couldn't that same argument be used against anything we currently teach in school?

The obvious answer to your first question is: It has severe detrimental effects to our society, and we'd all be better off if people were taught the basics.

Re: Google bans cryptocurrency ads

#302

I wonder how much of current ad revenue (Google/FB) is coming from cryptocurrency related companies and how this might negatively impact their earnings. However, it may be a small amount or they both factored this change into their forecasting before announcements.

google is way too big for this to matter.

Re: Google bans cryptocurrency ads

#303
As always the typical hn reader is completely oblivious to the actual reasons why Google banned crypto related ads. For those who don't know, phishing has been plaguing Google ads and that is likely their primary reason for doing away with crypto ads, NOT because it has anything to do with ICOs. But why bother preaching it to the wrong choir... You guys know everything here.

Re: Google bans cryptocurrency ads

#306

> Cryptocurrencies and related content (including but not limited to initial coin offerings, cryptocurrency exchanges, cryptocurrency wallets, and cryptocurrency trading advice) The question here is where they draw the line. What about tools, software and services around the ecosystem but not promoting any particular cryptocurrency or related to trading? I can see how it makes sense for them to block wallet ads for n…

Because people here are uninformed and the ad ban was on phishing ads not ico related stuff.

Re: Google bans cryptocurrency ads

#307
post #114

Earlier quoted context omitted.

Favorited. I can understand a certain amount of protectionism being necessary but this just plain smacks of deciding that I'm too stupid to make decisions in my own interest. It's a very peculiar, and very infuriating sort of nannying. That investing carries large amounts of risk isn't new or unknown to most. If you cash out your 401K and put it in AAPL, even a modest decline could eliminate your retirement. And thos…

Do you have a medical degree? Then you're probably too stupid to properly make decisions in your best interest regarding medications/medical treatment. This does not mean that Doug the village doctor isn't in Novartis' pocket and trying to shill their pills, just that your area of expertise is not nearly as high enough to make an accurate diagnosis of the best way to treat an ailment through medication.

> Do you have a medical degree? Then you're probably too stupid to properly make decisions in your best interest regarding medications/medical treatment.

Funny you mention this case. Do you think the state should choose the doctor and facility you go to? For example, below a certain income, you only have access to a certain type of facilites.

And what if the state said that you could only receive care from americans? because doctors outside of the US, even if they have international reputation and acclaim, or experience, or a great track record, you shouldn't be able to see them?

What if the us forbid you to leave the country to buy meds somewhere else as well, or to get care outside.

Beware: some of this are actually happening right now!

Re: Google bans cryptocurrency ads

#309
post #6

Earlier quoted context omitted.

Can't most products be viewed as investments, from a house or car to a pair of shoes?

An asset is something that puts money in your pocket. A liability is something that takes money from your pocket. Unless you are a professional runner or buying rare vintage sneakers — buying shoes isn’t “an investment.”

The purchase of shoes which reduces expected medical expenses associated with improper footwear may well be "something that puts money in your pocket", provided the expected savings outweigh the marginal opportunity cost of the shoes.

A durable good which you own in order to make yourself more productive is known as a capital good. Shoes, clothes, and shelter qualify, to the extent that having these things increases productivity. Food would not qualify, since it a consumable and not a durable good. The purchase of capital goods, for the purpose of increasing productivity, is investment.

Re: Google bans cryptocurrency ads

#310

We've created a generation of people who will do anything they are told to do. Now these big corps and governments feel like they have to baby-proof the world because we've created a bunch of lemmings who will give all their money to an ICO because a banner told them to.

Yes, the older and wiser generations NEVER fell for scams before, and the SEC were twiddling their thumbs until bitcoin came out.
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