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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#311

Post by orthecreedence »

rdlecler1 wrote: post #248

I find it interesting that this seems to be negatively affecting the blue chip coins. One might think that less competition would drive investors to them, not away.

It's almost as if the cryptocurrency markets are completely irrational and have magnitudes less value in them than their market caps claim to, and on top of this are pumped up even further by scammers printing fake money (Tether) to bolster the prices. Almost...

That said, I don't think the price dives have anything at all to do with advertising, and more to do with the fact that the bubble is slowly deflating.

Re: Google bans cryptocurrency ads

#312

Post by an4rchy »

Jesus_Jones wrote: post #302
an4rchy wrote: post #191

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.

After reading about the timeframe, I now think this might be a reason they are blocking ads starting in June, if something is bad, why not stop now, instead of at the start of a new quarter. (when these ads may have likely scammed people for a few more months)

Re: Google bans cryptocurrency ads

#313

Post by orthecreedence »

pmarreck wrote: post #300

ICO = IPO without all those pesky regulations and gated access. Which is both good and bad, of course.

No, it's just bad. It's the stupidest thing ever. ICOs are so incredibly stupid that it's mind boggling.

"Hey, give us $50,000 and we'll give you a token that will hopefully be worth 10x once we dupe a bunch of other suckers like you! If you're really, really lucky we'll build something marginally useful and might even use that token you bought to power it! Now you can use your $50,000 in tokens to power a decentralized photo sharing app that you could have gotten for free by just using google drive! Woww!"

Re: Google bans cryptocurrency ads

#314

Post by orthecreedence »

taneq wrote: post #30

1. Sell all your bitcoins. 2. Ban advertising on (one of?) the largest online advertising platform(s). 3. Wait for bitcoin to crash. 4. Buy bitcoins again. 5. Profit!

> Wait for bitcoin to crash.

Don't need to do any manipulation at all for that to happen.

Re: Google bans cryptocurrency ads

#315

Post by whataretensors »

orthecreedence wrote: post #310
whataretensors wrote: post #214

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.

Okay multiple generations of people who will do whatever an ad or authority figure tells them to.

Not sure SEC is a good example, since they are a corrupt organization focused on prohibiting class mobility. Their propaganda works better than ads on the same people.

Re: Google bans cryptocurrency ads

#316

Post by whataretensors »

wslh wrote: post #267
whataretensors wrote: post #214

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.

> we've created a bunch of lemmings who will give all their money to an ICO because a banner told them to. It is a problem of basic finance education which should be part of the school curriculum. People also buy a lot of stuff they don't need or include false claims because a banner told them to.

It's because if you start getting people to think critically about economics they will start to wonder why they are spending 40 hours a week working and getting no royalties(hint hint engineers).

Re: Google bans cryptocurrency ads

#317

Post by Waterluvian »

dpc_pw wrote: post #222
root_axis wrote: post #197

Earlier quoted context omitted.

It was only a handful of engineers who "created the space" to begin with, so even though there isn't much overlap, it's pretty much always been a community made up of shady folks, it's only that the fraudsters have become less technically sophisticated and more brazen as activity has increased and the blockchain community has grown and continued to radiate cosmic rays of hype.

> always been a community made up of shady folks That's not fair. Shady folks are just getting more publicity. Noone talks about people who created stuff that works and doesn't scam people. And there's a lot of such stuff. This space is growing because of such people, despite the shady folks.

I would love to see a list of CONCRETE examples of cryptocoins that are doing good, productive things TODAY.

Re: Google bans cryptocurrency ads

#318

Post by AlexCoventry »

Sangermaine wrote: post #271
dpc_pw wrote: post #222

Earlier quoted context omitted.

> always been a community made up of shady folks That's not fair. Shady folks are just getting more publicity. Noone talks about people who created stuff that works and doesn't scam people. And there's a lot of such stuff. This space is growing because of such people, despite the shady folks.

>Noone talks about people who created stuff that works and doesn't scam people. And there's a lot of such stuff. No, there isn't. It's always been nebulous talk of "potential" without any concrete uses beyond scams and criminal activity. There have just been iterations of tools for those areas. Then you have the near-religious libertarian True Believers who promote as a matter of faith, regardless of what the reality…

> It's always been nebulous talk of "potential" without any concrete uses beyond scams and criminal activity.

I suppose it might count as criminal activity, but as far as I know, it's the only way to donate to Sci Hub.

http://sci-hub.tw/#donate

Re: Google bans cryptocurrency ads

#319

Post by sametmax »

Sangermaine wrote: post #271
dpc_pw wrote: post #222

Earlier quoted context omitted.

> always been a community made up of shady folks That's not fair. Shady folks are just getting more publicity. Noone talks about people who created stuff that works and doesn't scam people. And there's a lot of such stuff. This space is growing because of such people, despite the shady folks.

>Noone talks about people who created stuff that works and doesn't scam people. And there's a lot of such stuff. No, there isn't. It's always been nebulous talk of "potential" without any concrete uses beyond scams and criminal activity. There have just been iterations of tools for those areas. Then you have the near-religious libertarian True Believers who promote as a matter of faith, regardless of what the reality…

True democratic and transparent electronic voting system is a legitimate use case for the block chain.

The fact it's hard to not only implement correctly, but to promote to society does not mean it's not relevant.

Good things take time.

Remember that people thought for some time that general relativity and the Law of large Numbers would never have practical applications.

Re: Google bans cryptocurrency ads

#320

Post by zerostar07 »

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…

Leonidas would be proud of you
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