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Google bans cryptocurrency ads

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Re: Google bans cryptocurrency ads

#361

Post by gowld »

saq7 wrote: post #182
jessaustin wrote: post #96

Earlier quoted context omitted.

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?

Oh the noble Americans! Suffering under the yolk of oppressive pharma so the rest of the world can take advantage! Praise be. Really, though, it's absurd to demand that the rest of world be grateful. Try changing the system in the US and you will find it exceedingly difficult due to the deep pockets of big pharma and the massive role money plays in the US democratic system. So no, the rest of the world should not be…

So you'll be boycotting USA-invented/financed drugs?

Re: Google bans cryptocurrency ads

#362

Post by gowld »

RightMillennial wrote: post #134
wyager wrote: post #70

Earlier quoted context omitted.

Doctors aren’t, on average, as competent or on the ball as you think. They don’t have an encyclopedic knowledge of every drug available.

A competent physician, like a competent programmer, doesn't need to have a every drug or library memorized. He needs adequate knowledge to know what to look for and where to find it.

Unfortunately, they tend to look at their pocketbooks and kickback offers.

Re: Google bans cryptocurrency ads

#363

Post by gowld »

marcrosoft wrote: post #295

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.

The harms deriving from the possibility of doing bad must be balanced against the harms deriving from unwillingness to do good. Allowing toxic ads should strike fear as well, that browsing online is an unsafe "back alley" full of scams.

Re: Google bans cryptocurrency ads

#365

Post by shitgoose »

smt88 wrote: post #343
shitgoose wrote: post #328

Earlier quoted context omitted.

can you go to amazon headquarters and exchange an AMZ share for an office chair? as a physical asset? i have a feeling that security will escort you from the building before you finish the transaction. the only intrinsic value will be the bruises on your wrists. edit: the value of the share (in the old good days) is the discounted cash flow. you invest in a business, then business pays you the share of the profits (h…

Just because something is illiquid or can't be returned doesn't mean it has no value.

AMZ is very liquid:)

it is amazing that no one seems to be able to answer simple question - what financial benefit do i get from ownership of an AMZ share? other that selling it to a bigger fool.

Re: Google bans cryptocurrency ads

#366

Post by nasredin »

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.

And Steven Seagal!

He is the spokesman/brand ambassador for "Bitcoiin".

Yes that is two "I"s.

Re: Google bans cryptocurrency ads

#367

Post by acdha »

CryptoPunk wrote: post #344
acdha wrote: post #334

Earlier quoted context omitted.

If you care about surveillance, bitcoin is the last thing you want to be involved with: you’re creating a permanent non-repudiable record and gift-wrapping it for them!

My point is that the Tweet implies that being motivated by concerns over the government's control over our financial transactions is objectionable. It makes someone a "paranoid dork". That's a terribly derisive attitude toward something that can be an extremely reasonable concern. And since we're on the subject, Bitcoin allowed individuals to get around the financial blockade against Wikileaks a few years ago. It has…

The problem is that using Bitcoin doesn't change the government's control over your transactions: you're just spending a lot of effort elaborately dancing around the issue. This shows up in both examples you cited: if the Venezuelan government wants to enforce capital controls, the people who used Bitcoin are going to wish they'd smuggled suitcases of cash out of the country instead because they've left a durable paper-trail of their transactions behind.

Some other cryptocurrencies try to deliver anonymity but even if the technology eventually delivers they'll have the same problem that almost everyone needs to get real money out of the system and that's where the normal banking laws kick in. Outside of a few cases where someone can do entirely unregulated remote work most people are going to need to convert to or from local currency to pay their bills or receive income.

Re: Google bans cryptocurrency ads

#368

Post by mancerayder »

warent wrote: post #346
mancerayder wrote: post #325

Did Google ban all scam ads out there? Is predatory lending banned? How about magical thinking supplements, systems, and other scams? Also, wallets? What did the crypto wallet makers do wrong? This, my friends, is monopoly capitalism at its finest; when corporate interests are threatened they come down on information exchange, which means they can disappear products. And since it's privately owned and not state owned…

Are you proposing that an ad for a placebo is as damaging as an ad encouraging people to gamble their life savings (bonus: on what may be nothing more than a pump and dump scheme)? As an aside, I'm not sure what drug discussion or hate speech has to do with this at all.

You've missed the point and are throwing a false equivalence argument at me. It's not about what's bad or not bad, it's about a non-elected, unaccountable corporation deciding what (non-illegal) content to make vanish. Just because you think all cryptocurrency is a scam doesn't mean it is. My drug discussion example is another example of protecting people from themselves (in the same way you want to protect them from the cryptocurrency world because your personal feelings have directed you towards the word 'damaging').

Re: Google bans cryptocurrency ads

#369

Post by mancerayder »

warent wrote: post #346
mancerayder wrote: post #325

Did Google ban all scam ads out there? Is predatory lending banned? How about magical thinking supplements, systems, and other scams? Also, wallets? What did the crypto wallet makers do wrong? This, my friends, is monopoly capitalism at its finest; when corporate interests are threatened they come down on information exchange, which means they can disappear products. And since it's privately owned and not state owned…

Are you proposing that an ad for a placebo is as damaging as an ad encouraging people to gamble their life savings (bonus: on what may be nothing more than a pump and dump scheme)? As an aside, I'm not sure what drug discussion or hate speech has to do with this at all.

Peter Hetherington, chief executive of IG Group, Europe’s largest retail trading website, said consumers would be “more likely to end up with reputable brokers and proper regulatory protection” following the changes.

But he warned that there were wider implications for financial services, saying: “Big American tech companies are increasingly influential in deciding how financial services products are marketed. This is fine if they get to the right answer . . . but a worrying precedent if they do not, since the normal checks and balances do not apply to their decisions.”

("Google to ban cryptocurrency adverts", Financial Times, March 15, 2018)

Re: Google bans cryptocurrency ads

#370

Post by tripzilch »

chx wrote: post #31
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.

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!!!!!!!!!!!

I mean because yeah, fuck the paranoid dorks, right? /s

That's a closet NIMBY if I ever heard one. It was FINE when they were only stabbing each other in the bad neighbourhoods, but PLEASE leave the normal neighbourhoods alone!!!! NOW all of this has gone too far ...

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