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The crypto crisis has created an advertising vacuum

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Re: The crypto crisis has created an advertising vacuum

#51

Post by ddjsn111 »

hn_throwaway_99 wrote: post #3

"And nothing of value was lost." This was one of the top voted posts in the Austin subreddit recently: https://old.reddit.com/r/Austin/comments/vmtmul/finally_some... Seriously, during other crashes, I remember thinking of the real negative externalities that happened during the crash, e.g. many economists have drawn lines to the current housing supply crunch due to underinvestment after the Great Recession. I don't…

If you do not recognise that there is value in decentralised, self-sovereign, permissionless, censorship resistant, anonymous, Internet native money then you are retarded.

Re: The crypto crisis has created an advertising vacuum

#52

Post by jmyeet »

My sincere hope is that this signals the death of crypto in popular culture. I'm sure it'll always have a niche but up until now and for the foreseeable future there aren't any actual useful mass use cases for crypto.

The drop in crypto ad spend is an interesting (and meaningful) indicator of market sentiment. I'm thinking we won't be seeing 2023 Superbowl crypto.com ads. I could be wrong.

There's what? 20,000 coins? Most of them will die in the short term if they haven't already.

So I don't know if Bitcoin will continue crashing or stabilize. No one does. If they did they'd make a ton of money. In the very least I'd bet the bear market will continue for awhile but at some point Bitcoin or some successor will roar back to life.

Re: The crypto crisis has created an advertising vacuum

#55

Post by labrador »

hprotagonist wrote: post #48
labrador wrote: post #38

> Don’t expect to see many crypto ads for a minute "I haven't seen him for a minute" "I haven't been home for a minute" If you're wondering like me why everyone started saying "for a minute" and where it came from, I recently watched The Wire and that's the earliest use I know about. When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" I believe "stand on"…

“on” is a new yorker thing. Did you move to the northeast? https://www.merriam-webster.com/words-at-play/is-it-on-line-...

No, I've lived in California my whole life. I figured "on" came from the East, but I've only heard it British shows. I've also picked up a term I really like from the Brits (I think it's them): "get things sorted", "get it sorted"

Re: The crypto crisis has created an advertising vacuum

#56

Post by superkuh »

I'm confused. What were the non-cryptocurrency "crypto" "companies" advertising anyway? This hardly applies to actual cryptocurrency which has never needed or had a use for advertising. No one advertises for the dollar or euro for obvious reasons. It seems to only apply to the finance-origin scams that rebranded themselves with the word "crypto" as camouflage for scamming the ignorant. And since the fiat valuation of actual cryptocurrencies is driven by the ignorant the relative value went down there too. But the fundementals, the operation of say, bitcoin, hasn't been effected at all. This is all off-chain BS.

Re: The crypto crisis has created an advertising vacuum

#57

Post by labrador »

brendoelfrendo wrote: post #44
labrador wrote: post #38

> Don’t expect to see many crypto ads for a minute "I haven't seen him for a minute" "I haven't been home for a minute" If you're wondering like me why everyone started saying "for a minute" and where it came from, I recently watched The Wire and that's the earliest use I know about. When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" I believe "stand on"…

> When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" Is this a generational/regional thing? I'm an East Coast millennial and I never hear people say "stand on line." The "in a minute" example I believe comes from AAVE, if it was present in The Wire it was probably common in the Baltimore lexicon long before that show hit HBO.

For those wondering like me, AAVE is "African American Vernacular Language"

Re: The crypto crisis has created an advertising vacuum

#58

Post by pmyteh »

labrador wrote: post #38

> Don’t expect to see many crypto ads for a minute "I haven't seen him for a minute" "I haven't been home for a minute" If you're wondering like me why everyone started saying "for a minute" and where it came from, I recently watched The Wire and that's the earliest use I know about. When I was growing up in America, people said they "had to stand in line" but now they say "had to stand on line" I believe "stand on"…

In Britain we 'queue', or 'join a queue'. So wherever 'stand on line' started, it wasn't us!

Re: The crypto crisis has created an advertising vacuum

#59

Post by nwah1 »

mjburgess wrote: post #50

A friendly reminder that crypto is negative-sum. If everyone who has taken money out returns it to everyone who has put money in, then there's a net loss. Why? Because money was taken out to pay the electric companies for mining, to the tune of 10-20Bn so far. Has that money generated real returns anywhere? Nope. Nothing was manufactured, created, or improved. The sum is negative. All past and present holders of cryp…

Not to mention all the wasted efforts from all laborers and services employed by all of the companies chasing unproductive financial returns in this space.

Re: The crypto crisis has created an advertising vacuum

#60

Post by cowtools »

Synaesthesia wrote: post #46

Crypto in theory shouldn't require any advertising.

I mean, who benefits from advertising in crypto? The developers, owners, early investors and inside traders. Is it ironic that the most advertised cryptocurrencies are usually the least equitable?
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