Bitcoin Sinks As Google Moves To Ban All Crypto, ICO Ads In June

Bellator

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Quote from: Hydrogen on March 14, 2018, 01:44:25 AM

Quote

Mimiccing its biggest rival for ad dollars - Facebook - Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and "other speculative financial instruments" starting in June.

Some aggressive businesses found a loophole: purposely misspelling words like "bitcoin" in their ads. A Google spokeswoman said the company’s policies will try to anticipate workarounds like this.

The reaction was immediate across the crypto space but for now is somewhat subdued...

Link to image: https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-03-13_21-07-07.jpg

Alphabet’s Google said the new policy will become effective in June across ads bought on its search and display-advertising network, as well as its YouTube unit.

But, as The Wall Street Journal reports, the policy also will restrict ads for nontraditional methods of wagering on the future movements of stock prices and foreign-exchange, such as binary options and financial spread-betting, Google said.

Google said last year it removed more than 130 million ads that were used by hackers to mine for cryptocurrency. That is a very small percentage of the ads run on Google’s ad network.

The company’s director of sustainable ads, Scott Spencer, declined to comment on how much potential ad revenue the company would be turning away by enacting the new policy, saying the decision was made to prevent consumer harm.

One wonders when the crackdown will start on inverse VIX ETFs, or just S&P ETFs, or brokerages? Aren't they all capable of doing consumers "harm"?

As a reminder, here is Facebook's justification:

We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.

This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.

We also understand that we may not catch every ad that should be removed under this new policy, and encourage our community to report content that violates our Advertising Policies. People can report any ad on Facebook by clicking on the upper right-hand corner of the ad.

This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.

Which roughly translated is "because we know what's best for you!"

https://www.zerohedge.com/news/2018-03-14/bitcoin-sinks-google-moves-ban-all-crypto-ico-ads-june

CNBC link for those who dislike ZH: https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

....

Recently there have been calls for google to return to its ages old stance of: "don't be evil"? I'm not certain if this qualifies.

This could open the door to smaller and more independent advertisers gaining market share on both google and facebook. It is reported that there are many small crypto exchanges like Robinhood.com who are gaining millions of new accounts due to banks and others banning the purchasing and selling of cryto.

There is clearly a market demand for the purchase and sale or crypto and there is undoubtedly a demand for advertisements. This linked demand could be denominated in millions of dollars. That money has to go somewhere. If facebook and google don't want the cash revenue, it is likely to go elsewhere which could undermine those larger entities over the long term.

Banning of bitcoin advertisements,ICOS and promotion of any other cryptocurrencies platform has becone a big issue because this might cause big impact on bitcoins popularity as Google has huge subscribers that made the cryptoccurrency to be famous but on the other hand let us try to look on the brighter side why Google come out with this decision.The banning of bitcoins also brings securities to all people who might get involved in investing money without full assurance to make profit.Information on bitcoin spreaded by illigitimate source,might make bitcoiners to believe in its scheme that was created by imposters that cause people to get scammed and fooled.

akishang

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I think this is just for a limited time only. Banning the ads is the right thing to do for google. They don't want to be blamed by those people who got scammed because of those ads. There will be a time were all of this will be sorted out and it will go back as the way it is before. It can be a bad news for us because it can affect the bitcoin price. Let's hope that other social media will not do the same thing.

cahbagus555

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I think this bans will make cryptomarket more healthy from scamming ICO. With ads bans, that will make people doing research about ICO they want to join and not just attracted with catchy ads.

ronics

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I feel this news is not nearly as big as I hear .actually when using Google I've rarely coming across crypto advert and all are shittly scammers in ICOs ever see them what ever anything it could actually be a positive you definitely should not be hurting prices of bitcoin so I think its a lot of pricing fall than just this news but bitcoin really drops regardless of any news .its just the end of this bubble would help when people could realize here for sec.

viacoininfuse

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its true that btcs are on their back to a much extent due to facebook and even google banning ICO and ads; but still btcs arent sunk

onnz423

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Facebook, Google, Twitter, Snapchat. It seems all of the main social media platforms are banning ICO advertisements, I guess they really do want to keep the public ignorant about blockchain. Maybe they're under pressure from government as it's very suspicious that these all occurred at once, almost like a blanket attack.

vasrasus

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Quote from: richardsNY on March 22, 2018, 05:44:16 PM

Quote from: torch2121 on March 22, 2018, 02:00:58 AM

I try google ads before. But I think I haven't got a sale using a google ads. Its ineffective. What I observe back then I think all the paid clicks are all bots. Because I haven't got a sale or even a inquiry using Google. So I think its fine. I just hope we are fine with other social media were we can use as advertisement.

I never clicked on ANY Google, Facebook, Twitter, etc ads, and I am sure most of the people don't do that either. I think it's safe to say that the ads popping up are more of an annoying factor for people searching for something, than something useful. On the other hand, even when people don't actually click on these links, they at least have seen it for a short while, and that exposure is worthwhile for the service or scam behind the ad as well. It at least is buried somewhere deep in your brain, where at some point in the future if you think about investing or lending to make passive income, that service might pop up and make you actually search for it.

I don't even do such, I wonder why I still see some ads in facebook sometimes. Anyway, reducing advertisements is still practical to do since we can do researc on what ICO to support, some just because of the hype from advertisement makes it success but after a while it lose its value.

richardsNY

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Quote from: torch2121 on March 22, 2018, 02:00:58 AM

I try google ads before. But I think I haven't got a sale using a google ads. Its ineffective. What I observe back then I think all the paid clicks are all bots. Because I haven't got a sale or even a inquiry using Google. So I think its fine. I just hope we are fine with other social media were we can use as advertisement.

I never clicked on ANY Google, Facebook, Twitter, etc ads, and I am sure most of the people don't do that either. I think it's safe to say that the ads popping up are more of an annoying factor for people searching for something, than something useful. On the other hand, even when people don't actually click on these links, they at least have seen it for a short while, and that exposure is worthwhile for the service or scam behind the ad as well. It at least is buried somewhere deep in your brain, where at some point in the future if you think about investing or lending to make passive income, that service might pop up and make you actually search for it.

Eternu

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Quote from: LovellaSai on March 22, 2018, 04:48:32 PM

We the btcsians dont need any digital media for advertising and publicise the bitcoins; we the human advertisers are enough Wink

There is no need for Bitcoin advertising, almost everyone on this planet know what Bitcoin is or have heard about it. But other coins and tokens would benefit greatly from advertising, and for them this is bad news. Because competition for top coins beside Bitcoin is harsh, and they need every bit of help they can get. But this will not last forever so...

LovellaSai

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We the btcsians dont need any digital media for advertising and publicise the bitcoins; we the human advertisers are enough Wink

ASHLIUSZ

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Quote from: torch2121 on March 22, 2018, 02:00:58 AM

I try google ads before. But I think I haven't got a sale using a google ads. Its ineffective. What I observe back then I think all the paid clicks are all bots. Because I haven't got a sale or even a inquiry using Google. So I think its fine. I just hope we are fine with other social media were we can use as advertisement.

Agreed, but there are specific Google ad words which we need to find researching. Only with those words being used for our service can easily get good traffic. Being the top search engine bitcoin will experience an early effect which will automatically gets saturated within a short.

torch2121

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I try google ads before. But I think I haven't got a sale using a google ads. Its ineffective. What I observe back then I think all the paid clicks are all bots. Because I haven't got a sale or even a inquiry using Google. So I think its fine. I just hope we are fine with other social media were we can use as advertisement.

Opekin

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Quote from: palle11 on March 22, 2018, 01:03:10 AM

Quote from: pogiparin on March 14, 2018, 04:44:14 AM

google banning bitcoin hurts the cryptocurrency world since google is an advertising platform. investors would want to invest on other corporations

If it is to have an adverse effect on cryptocurrency, it won't have an extra ordinary effect on it. These are part of the fud that the digital currency has to pass through. We have read about so many of such cutting across most of the big names in advertising. So we don't expect it to be of much problem. It shall become the past.

Apparently this Fud or real news from the social networking sites have in more good outcome its like the other institutions that keeps on making a conference to talk about this cryptocurrencies. Bitcoins is already a big part of our globe and it is the most big thing that many people sees to be the next and soon to be a currency that is widely use across the globe.

palle11

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Quote from: pogiparin on March 14, 2018, 04:44:14 AM

google banning bitcoin hurts the cryptocurrency world since google is an advertising platform. investors would want to invest on other corporations

If it is to have an adverse effect on cryptocurrency, it won't have an extra ordinary effect on it. These are part of the fud that the digital currency has to pass through. We have read about so many of such cutting across most of the big names in advertising. So we don't expect it to be of much problem. It shall become the past.

desktopimprove

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I am simple onlooker of this forum. I am not a member of btc economy and so dont know much about it

argonresonates3

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I really wants from my core of heart that bitcoins sinks because it will be either way harmful for the global population and its finance

Opekin

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Quote from: hugeblack on March 14, 2018, 03:35:25 AM

If this news at the beginning of the appearance of Bitcoin will have an effect, but everyone knows Bitcoin now.
As you said, advertisers will look elsewhere.
If this ban occurs, the positives will be more than negative :

first page google search scammers
Reducing the success of scam airdrops
Low price of Bitcoin in the short-term

You pointed out the positive and the whole thing about this news. Every social networking sites had done this before it starts with Facebook banning all cryptocurrencies, and a week ago the Twitter wherein there is something more relevant output after they release the wholes description on that news.

merchantmafnchester778f

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I dont think there is so much power in any of the earthly matter to sink bitcoins! except the investers of bitcoins itself Wink

cryptocrusher

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Quote from: redhondaxrm125 on March 15, 2018, 01:46:30 PM

Well, I think that the think that google and facebook has decided to do is completely logical and is something that they were forced or had to do since most of the ICOs or cryptos out there being or have been advertised are/were scams. This may probably be the reason why they have decided to get rid of these advertising since it may ruin their names if people get scammed by the ICOs or coins that they have advertised. But even with this news, I think that crypto will still survive since they are not the only things needed for ICOs or coins to be advertised.

It's a tough balance from their point of view because they're not directly responsible for what their customers do. I'm sure somewhere deep within their T+Cs it mentions that all advertisements are not endorsed by them and any risk or loss is the customers responsibility. Given that they could've continued from a legal point of view but their reputation is what's at stake.

redhondaxrm125

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Well, I think that the think that google and facebook has decided to do is completely logical and is something that they were forced or had to do since most of the ICOs or cryptos out there being or have been advertised are/were scams. This may probably be the reason why they have decided to get rid of these advertising since it may ruin their names if people get scammed by the ICOs or coins that they have advertised. But even with this news, I think that crypto will still survive since they are not the only things needed for ICOs or coins to be advertised.

Sowik

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Interesting how Google Ads never caused any pumps or were relevent to the price of Bitcoin but once they stopped them the price fell like crazy. That right here is bs.

Mometaskers

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Well, guess I'd be seeing less of those side bar ads on Youtube. You only need to look up bitcoin once for them to keep popping up.

Well, this definitely rattled some people but I don't think the effect would be huge in the long run. Sure newer coins would find it harder to advertise their ICOs (same for exchanges) but long established cryptos like BTC and ETH don't need the advertisement that much.

gamaman990

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Google's move is justified given that the flood of ICOs (scams) nowadays. If you're a long term investor, the overall health of the market is far more important than short term gains brought by noobs who n=know nothing about cryptos but lured in by ads.

lantan81383628

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Google is also partly a support for government work, given that U.S. regulators are paying closer attention and oversight of cryptocurrency projects.

Google and facebook, the two big Internet giants, may have a big impact on marketing in the field by blocking the use of encrypted currency advertising.

cryptocrusher

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Quote from: tothanhtuan on March 14, 2018, 09:20:45 PM

Or were always a lousy idea to begin with. That said, ICOs have performed at 1000% of the lifespan of their existence. So its no wonder everyone wants in. They don't even care if they're shit, they just want in on the hype. Which is understandable, so do I. Don't blame google, blame the scammers. They are the ones who will ruin crypto.

It's a really good point. If no scams existed then there would be nothing for Google to have an issue with (assuming they're truthful in their reasoning). Given that, a lot of the blame has to fall on to us as ICO participants. If we can correctly identify the good projects and educate people to avoid scams then those scams would not be profitable and would cease to exist. I really hope that one of the main things regulation improves upon is the level of scam ICOs.

TheGreatPython

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Uuhm…. This is pretty bad news and might lead to some kind of collapse in Bitcoin price, but I am praying that such never happens at all, cause if it does happen, many people will be affected and many will lose their money. It just looks like a discussed plan to take down Bitcoin, but I pray seriously that such never happens. Even if it does happen, I believe people can still use this forum to advertise their business.

tothanhtuan

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Or were always a lousy idea to begin with. That said, ICOs have performed at 1000% of the lifespan of their existence. So its no wonder everyone wants in. They don't even care if they're shit, they just want in on the hype. Which is understandable, so do I. Don't blame google, blame the scammers. They are the ones who will ruin crypto.

UNIC-Network

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Quote from: ngavanngo22 on March 14, 2018, 04:17:33 PM

This is a really bad news for cryptocurrency but I don't think this situtation will last too long cause beside Google, there are a lot of advertising services that we can use but it's not good as Google cause at the moment Google is the best place for advertising. But there are still more than 2 months left before Google ban it totally, hope that something will happen and it'll make Google change their mind

Yes, for some ICO this is a not bad news.

Beerwizzard

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Those news from google is a pure example of FUD. No one showed how much funds was attracted by ICOs through Adwords but the market is dipin. I'm pretty sure that it would be less than the amount of MC lost on those FUD waves.
Does anyone here ever invested into the ICO that he found via google ads?

Quote from: Eternu on March 14, 2018, 02:59:25 PM

But look it from their side. They can't know which project is scam and which isn't.

They just have to improve the moderation of their ads. You can make an experiment: just turn off your ad blocks for a week and count each phishing site that you see on adwords. I did it twice for the last month and every time I've seen phishing websites advertised via google. They don't have to make a full review of the websites they advertise but they have to somehow filter it. Their moderation is bad as hell and they blame the whole crypto community.

Burogh

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After facebook banned the ICO ad cryptocurrency now turn to google. I don't want to be negative thinking, but perhaps this is as a result the number of reports about many scams ICO.
I am still convinced that the cryptocurrency market will remain good even make people know about cryptocurrency and hopely investing their money on crypto market

BitHodler

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Quote from: Sukovsky on March 14, 2018, 01:25:00 PM

Bitcoin is going down regardless of any news. It's just the end of this bubble. Would help when people would fucking realize this for a sec.

I agree that the price has been in a relatively longer term downtrend, and that might continue in the coming weeks as well. The demand from being sky high, has currently no foundation to stand on anymore.

People however always like to think that when the price is going down, it has to be related to negativity, and that is not the case, but people can't understand that because they don't know anything about this market.

Most people are of believe that Bitcoin can become worthless overnight, which stimulates them to panic sell each time the market seems to be going through a firm correction, which is ridiculous.

I agree with OP's stance. I have today stated that this forum will start to become a more important place to advertise on due to social media platforms going absolutely nuts on crypto ads.

It's a short term disappointment seeing Google do this, but in the long term other platforms will take over in this aspect, and they'll be thriving due to the insane demand now large social media platforms left a massive gap.

shield132

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I enjoy this fact, I think it's good news. There are a lot of scam icos and bitcoin related services advertised on google. If you just write bitcoin mixer, you'll see much ads and 100% of them are scams, usually phishing websites. (Very curious, why the hell does owner of mixer which claims to be anonymous will use credit/debit card on google adsense?
This place is 100% enough for everything. Will be glad if btctalk make something against btc icos, exchangers and etc.

startselect

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I have to blame ICOs for this. And quite frankly, I might not like what they're doing, but it's a very responsible move. Just looking at the up and down price swings, I imagine a lot of their users, average people have lost a lot of money with Cryptos.

jhonjhon

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Quote from: pleght on March 14, 2018, 04:36:42 PM

I think it's nice that google does something like this.Projects that advertise with Google are believed to be more reliable. This also allows fraudsters to trick people.

Anyway, google is just banning advetisment in their site but not crypto at all, still we can promote crypto in some other sites. It really affect the market trend and making such huge dump in just few hours after banning. We know how big company is these and truly they are very influential in terms of advertising.

pleght

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I think it's nice that google does something like this.Projects that advertise with Google are believed to be more reliable. This also allows fraudsters to trick people.

outsider99

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Quote from: TERA2 on March 14, 2018, 04:51:34 AM

We have nobody to blame but ourselves - all the ads posted were complete garbage for scams like ICOs, newsletters, and trading robots that steal your money. The move was to protect all the people getting scammed. I dont think it was to 'ban bitcoin'.

I agree with you, this has nothing to do with banning bitcoin, perhaps more precisely prohibit posting ico ads that they consider garbage. That policy really only protects people from being scammed.

ngavanngo22

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This is a really bad news for cryptocurrency but I don't think this situtation will last too long cause beside Google, there are a lot of advertising services that we can use but it's not good as Google cause at the moment Google is the best place for advertising. But there are still more than 2 months left before Google ban it totally, hope that something will happen and it'll make Google change their mind

redsap

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they just want make people saver from the scams ICO, and they don't want they reputation goes bad because their provide adv about scams
and the good thing is, the good project will well know by itself and by the good record not just by their super adv campaign

audaciousbeing

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When this came out yesterday as a form of speculation someone had said its not possible simply because of the amount revenue that would be lost by Google as a result of ban on ads related to crypto my response then was there is and will be some motive beyond profit and even the forum had to stop selling ads to ICOs, it was a difficult decision but necessary. The fault is not theirs but the bad eggs who are soiling the name of crypto as well as the participants who blow the proportion of how huge the scam going on around here is going and Google continued support for ads makes them accomplice to that.

The effect to bitcoin price will be huge which we have been seeing but good its happening now because by June that its coming into effect, it won't be felt as much as this time and hopefully price would have recovered before then and we have one less challenge to face in the path to more greatness.

Koadharber

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Quote from: Eternu on March 14, 2018, 02:21:01 AM

Dropping out those adds was smart thing if you ask me, because Facebook's and Google's reputation was on stake. Those adds would hurt people by scamming them, and those people would blame this companies. So I guess it was right thing to do, to ban all those adds. Also I think that this ban is only for limited time, at least until crypto is regulated fully. Big companies hate passing good deals that could bring them more money.

I do have the same perception which they do made such act or decision for them to avoid possible issues ahead when it turns out that Scam ICO or projects would really be rampant on upcoming days or years.They dont really like to risk out their reputation and high chances that they would really be blamed of since the company is responsible for having such advertisements.

Xardasim

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You are right. I can not say the reason why it happened, but the biggest affected sector is crypto market. Now Bitcoin is around $ 8,300, hopefully the market will recover. But, we should get more potential coins for cheap price and when the time comes we will sell it for expensive price in order to get more profit.

Slow death

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Quote from: Lieldoryn on March 14, 2018, 06:37:45 AM

When you talk about phony, I have no questions. But we are talking about all the ICO without exception. Who can determine that the project is a Scam before it starts to work?

they know this, do you really think that a company as big as google and with many genius people working on google would not think of something so obvious? Of course they thought, so why are they attacking ICOs? they could simply post a warning for people to know the danger and not banish, I think the google's decision should be that they are pulling bag from banks and regulators.

Quote from: Lieldoryn on March 14, 2018, 06:37:45 AM

This is not a method of combating fraud. Many good projects will not be able to receive financial support. Again, the rich and corporations will decide the fate of all technologies.

they know this, but they must pull the bag of the rich, the government and the banks

Well let's move on and we do not give up because of this obstacle

darkangel11

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Quote from: Sukovsky on March 14, 2018, 01:25:00 PM

Bitcoin is going down regardless of any news. It's just the end of this bubble. Would help when people would fucking realize this for a sec.

What bubble? Quoting a post that I liked: "BTC it's not a bubble, it's a pin"

I hope you got rid of those worthless coins. Just don't come back crying in a few months.

As for google, somebody should ask them where does freedom end. Are they planning to ban all advertising? Probably not. So what is their problem with cryptocurrencies? They are an industry like any other. They are accepted in most countries and if something is not against the law and they are banning it, they are discriminating against it. People should start suing them.

jhenfelipe

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Personally, I don't click on google ads. I think it's not a big deal for users, maybe for the advertisers yes. I've seen several posts about being scammed and victim of phishing sites because they clicked on google search result which most likely is the ad because it shows first.

Isn't it good that Facebook and Google want to protect their users from scammers/phishers/hackers through their ads regardless of the revenue they might get if they allow it?

ohlawdy

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I can agree if you aren't promoting any other scams , but they don't have a problem with the many phishing sites that are 1 on google. On the other side who where bought crypto because of a google ad , not much if any imo.

Eternu

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Quote from: Lieldoryn on March 14, 2018, 06:37:45 AM

When you talk about phony, I have no questions. But we are talking about all the ICO without exception. Who can determine that the project is a Scam before it starts to work? This is not a method of combating fraud. Many good projects will not be able to receive financial support. Again, the rich and corporations will decide the fate of all technologies.

You are correct, good projects will suffer from this outcome. But look it from their side. They can't know which project is scam and which isn't. In sea of ICO's and scam projects it would be nearly impossible to find and root out scamming ones. So in this case simplest way is most effective, and that is: ban all of them. I believe that in time that will change, but till than this is best course of action I guess.

Sukovsky

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Bitcoin is going down regardless of any news. It's just the end of this bubble. Would help when people would fucking realize this for a sec.

cryptocrusher

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I feel that this news isn't nearly as big as it sounds. When actually using google I've very rarely come across crypto adverts and they're all for shitty scammy ICOs when I do see them. If anything it could actually be a positive, it definitely should not be hurting the price of bitcoin so significantly, I think there's more to that price fall than just this news.

gentlemand

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Almost every single ad relating to this area is attempting to relieve you of your money nefariously. If it isn't outright scams like blockchain.info redirects, it's ICO bollocks with no intention of ever producing a return.

Can't say I blame them myself. Now to get anywhere all of these projects will need to become actually worthwhile. That's a tall but necessary order.

Quote from: iv4n on March 14, 2018, 05:18:28 AM

You are right but it's stupid to think that blockchain invented scams, like google doesn't have million other scams going on there. Do you wish a cure for cancer, check google what kind of answers you will get? Why don't they get into the war with pharmaceutical companies and corporations?

Nah. I don't think there's any area as genuinely and consistently worthless as crypto advertising. Sure, there's plenty of crap elsewhere but with crypto stuff you know misery is in the bag before you even click on it.

Lieldoryn

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When you talk about phony, I have no questions. But we are talking about all the ICO without exception. Who can determine that the project is a Scam before it starts to work? This is not a method of combating fraud. Many good projects will not be able to receive financial support. Again, the rich and corporations will decide the fate of all technologies.

Naficopa

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Quote from: aceptamosbitcoin on March 14, 2018, 05:19:51 AM

Let's ban it. I've never found any useful ads there anyway. All useful stuff is in the results, not the ads.

Most of Google Ads I've seen about crypto's are phishing sites when you are googling about MEW, Etherdelta, etc.

We will see how it will bring results. If the phishing and ICO scam sites disappear from the search engines, it can have a positive impact on the cryptocurrencies.

TERA2

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Merit: 222

Deb Rah Von Doom

The barrier to entry to creating a bitcoin scam and then advertising it to 2 billion people to make a fast $10 million was too low. Just copy some code and change a couple lines. Most of the cancer scams have to launch a company and get securities registered with the SEC, etc.

aceptamosbitcoin

hero member

Activity: 981

Merit: 503

Let's ban it. I've never found any useful ads there anyway. All useful stuff is in the results, not the ads.

Most of Google Ads I've seen about crypto's are phishing sites when you are googling about MEW, Etherdelta, etc.

iv4n

legendary

Activity: 3332

Merit: 1191

Quote from: TERA2 on March 14, 2018, 04:51:34 AM

We have nobody to blame but ourselves - all the ads posted were complete garbage for scams like ICOs, newsletters, and trading robots that steal your money. The move was to protect all the people getting scammed. I dont think it was to 'ban bitcoin'.

You are right but it's stupid to think that blockchain invented scams, like google doesn't have million other scams going on there. Do you wish a cure for cancer, check google what kind of answers you will get? Why don't they get into the war with pharmaceutical companies and corporations?
This is a war, they will chose a side if they bank crypto and that wi the beginning of their end. I use google but who f. them, I'm thinking about tor for sometime, we will use something else and we will win in the end. Google is strong but they can fall too if they make a wrong move, if they really do this I will think with right that they wish to protect corporations, governments and to f. off little man, I with delete my google chrome immediately, they can't win!

jtipt

hero member

Activity: 1050

Merit: 529

Quote from: arpon11 on March 14, 2018, 02:44:07 AM

What is really happening? This same people has spoken positive about crypto currencies some months ago and they are turning around again to say they are banning its activities on their sites.

Dont misunderstand this move as hatred toward cryptocurrency. This is just a precautionary method to prevent people from getting scammed by the scam ICOs, I would advise not to read too much into it. Scam ICOs are the majority who advertise using Google ads, sooner or later it had to be taken care of.

TERA2

full member

Activity: 266

Merit: 222

Deb Rah Von Doom

We have nobody to blame but ourselves - all the ads posted were complete garbage for scams like ICOs, newsletters, and trading robots that steal your money. The move was to protect all the people getting scammed. I dont think it was to 'ban bitcoin'.

cryptojac17

full member

Activity: 490

Merit: 107

Quote from: hugeblack on March 14, 2018, 03:35:25 AM

If this news at the beginning of the appearance of Bitcoin will have an effect, but everyone knows Bitcoin now.
As you said, advertisers will look elsewhere.
If this ban occurs, the positives will be more than negative :

first page google search scammers
Reducing the success of scam airdrops
Low price of Bitcoin in the short-term

Yeah there are positive things that would happen if this would be implemented one of those are the protection of the people who patronize crypto currency against scam and for the Google company reputation. So that if you say Google everything you can read and seen is reliable. The negative effects is that the Google company will lost some of their followers that patronizing crypto currency.

pogiparin

jr. member

Activity: 140

Merit: 2

google banning bitcoin hurts the cryptocurrency world since google is an advertising platform. investors would want to invest on other corporations

hugeblack

legendary

Activity: 2702

Merit: 4002

If this news at the beginning of the appearance of Bitcoin will have an effect, but everyone knows Bitcoin now.
As you said, advertisers will look elsewhere.
If this ban occurs, the positives will be more than negative :

first page google search scammers
Reducing the success of scam airdrops
Low price of Bitcoin in the short-term

arpon11

sr. member

Activity: 882

Merit: 282

What is really happening? This same people has spoken positive about crypto currencies some months ago and they are turning around again to say they are banning its activities on their sites. I think this may be out of greed and hatred for bit coin because it is decentralized and people did like it more than than fiat and the old system of fund raising we were having before.

Eternu

sr. member

Activity: 560

Merit: 257

Dropping out those adds was smart thing if you ask me, because Facebook's and Google's reputation was on stake. Those adds would hurt people by scamming them, and those people would blame this companies. So I guess it was right thing to do, to ban all those adds. Also I think that this ban is only for limited time, at least until crypto is regulated fully. Big companies hate passing good deals that could bring them more money.

Hydrogen

legendary

Activity: 2562

Merit: 1441

Quote

Mimiccing its biggest rival for ad dollars - Facebook - Google will ban online advertisements promoting cryptocurrencies and initial coin offerings, and "other speculative financial instruments" starting in June.

Some aggressive businesses found a loophole: purposely misspelling words like "bitcoin" in their ads. A Google spokeswoman said the company’s policies will try to anticipate workarounds like this.

The reaction was immediate across the crypto space but for now is somewhat subdued...

Link to image: https://www.zerohedge.com/sites/default/files/styles/inline_image_desktop/public/inline-images/2018-03-13_21-07-07.jpg

Alphabet’s Google said the new policy will become effective in June across ads bought on its search and display-advertising network, as well as its YouTube unit.

But, as The Wall Street Journal reports, the policy also will restrict ads for nontraditional methods of wagering on the future movements of stock prices and foreign-exchange, such as binary options and financial spread-betting, Google said.

Google said last year it removed more than 130 million ads that were used by hackers to mine for cryptocurrency. That is a very small percentage of the ads run on Google’s ad network.

The company’s director of sustainable ads, Scott Spencer, declined to comment on how much potential ad revenue the company would be turning away by enacting the new policy, saying the decision was made to prevent consumer harm.

One wonders when the crackdown will start on inverse VIX ETFs, or just S&P ETFs, or brokerages? Aren't they all capable of doing consumers "harm"?

As a reminder, here is Facebook's justification:

We want people to continue to discover and learn about new products and services through Facebook ads without fear of scams or deception. That said, there are many companies who are advertising binary options, ICOs and cryptocurrencies that are not currently operating in good faith.

This policy is intentionally broad while we work to better detect deceptive and misleading advertising practices, and enforcement will begin to ramp up across our platforms including Facebook, Audience Network and Instagram. We will revisit this policy and how we enforce it as our signals improve.

We also understand that we may not catch every ad that should be removed under this new policy, and encourage our community to report content that violates our Advertising Policies. People can report any ad on Facebook by clicking on the upper right-hand corner of the ad.

This policy is part of an ongoing effort to improve the integrity and security of our ads, and to make it harder for scammers to profit from a presence on Facebook.

Which roughly translated is "because we know what's best for you!"

https://www.zerohedge.com/news/2018-03-14/bitcoin-sinks-google-moves-ban-all-crypto-ico-ads-june

CNBC link for those who dislike ZH: https://www.cnbc.com/2018/03/13/google-bans-crypto-ads.html

....

Recently there have been calls for google to return to its ages old stance of: "don't be evil"? I'm not certain if this qualifies.

This could open the door to smaller and more independent advertisers gaining market share on both google and facebook. It is reported that there are many small crypto exchanges like Robinhood.com who are gaining millions of new accounts due to banks and others banning the purchasing and selling of cryto.

There is clearly a market demand for the purchase and sale or crypto and there is undoubtedly a demand for advertisements. This linked demand could be denominated in millions of dollars. That money has to go somewhere. If facebook and google don't want the cash revenue, it is likely to go elsewhere which could undermine those larger entities over the long term.

Topic: Bitcoin Sinks As Google Moves To Ban All Crypto, ICO Ads In June (Read 461 times)