I read in the news that twitter, facebook, and google prepares to ban crypto ads in two weeks time. The said banning of crypto ads will prohibit initial coin offerings (ICO's), cryto wallets and token sales. What will happen to the bounty campaigns like fb and twitter? Will it be stopped??
This is absolutely necessary. Too many people that want something for doing nothing came out of their holes and had a feast on so many people in this field. They are doing the naive a huge favor. Most of the world will never understand this tech. Look at anyone on Twitter with any sort of weight in this space. They are bombarded with hundreds of tweets giving away “free”coins. Honestly I think that if your that dumb maybe one should take that lesson the hard way. I tell one thing the government does and they think it helps us. Regulation! People have to learn the hard way. Do as I say not as I do never will and never has worked. That’s not how this works. And with all the corruption our government is involved in its no wonder the citizens are following suit. It’s the lead by example that works. Then to top it off these same individuals are the law makers to boot. Boy is this world in for a massive shit show one day!
I couldn't agree more with you, I wrote this in one of the other threads already too, but I'm curious about some thoughts here, as I don't see this as inherently bad. Ultimately, if we want bitcoin, alts and cryptos, in general, to become more mainstream and continue to grow then we definitely need a form of regulation (as much as that may counter argue the decentralized system itself) and a way to curb scammers.
Keep in mind that every person who gets scammed will voice their opinion as loud, if not louder, regarding why everyone they know should avoid bitcoin, etc.
I actually don't see this as a bad thing; when I was discussing this with friends and family over the holidays, I had to encourage people to avoid investing before they did a lot of research (not only on the coin/project, but the platform/exchange itself). It would be a good thing for our community if we could create a safer (and easier) way for people to invest into the projects we know and back.
This about general stock investments; anyone can walk into a bank, fill out a form and begin trading and investing. If investing in cryptos was as easy (and safe, in that you won't get scammed through a bank), then some of those same people may shift their investments to "our world", so to speak.
Maybe I'm wrong here, but I don't see this as inherently a bad thing. Definitely a bit of a knee-jerk reaction, but maybe it has to be done in order to curb the growing appeal of scammers. I'm very sure that well established projects and exchanges, as well as major coins will shortly continue to find a way to advertise. Likely, Google and the rest will also create a sort of internal advisory board to approve/deny up and coming projects that wish to advertise. Keep in mind that Google makes a ton of revenue through their advertisement platform, it's not in their best interest (either) to completely shut the door on such a lucrative and up and coming market.
just my 2 cents.