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Google Will Ban All Cryptocurrency-related Advertising (cnbc.com)
Google is cracking down on cryptocurrency-related advertising. From a report: The company is updating its financial services-related ad policies to ban any advertising about cryptocurrency-related content, including initial coin offerings (ICOs), wallets, and trading advice, Google's director of sustainable ads, Scott Spencer, told CNBC. That means that even companies with legitimate cryptocurrency offerings won't be allowed to serve ads through any of Google's ad products, which place advertising on its own sites as well as third-party websites. This update will go into effect in June 2018, according to a company post. "We don't have a crystal ball to know where the future is going to go with cryptocurrencies, but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution," Scott said.
Another business plan flushed down the virtual toilet. Thanks, Google.
"... but we've seen enough consumer harm or potential for consumer harm that it's an area that we want to approach with extreme caution,
I would like Google to tell us whether they have seen any customer benefit at all.
Or Slashdotters can tell us: Anyone know of any benefit related to cryptocurrencies?
Seriously, can they please just be a carrier of information again rather than policing the entire web already. YouTube already requires you have a childrenâ(TM)s show or you get demonetized, now they decide what is risky for you. They need to stop assuming everyone online has an IQ of 5 and let people think for themselves.
If the goal was always to have cyrptocurrency be some magical unicorn which is outside of government control, then it was always doomed to become a black market.
It's an unregulated financial market, rife with fraud, scams, and other crap. The problem is it wants to play on equal footings with real financial markets, where there are a LOT of regulations which say what you can and can't do.
Personally, I'm tired of hearing about cryptocurrency, it's like the .com era, so much hype and people hoping to get rich, and so little substance.
Maybe we can all stop hearing about this shit, and you guys can go back to having a black market for imaginary money which is used to buy and sell drugs.
But let's not pretend cyprocurrencies are a legitimate financial industry, because it isn't.
Like PayPal isn't a bank and doesn't play by the rules of a bank, this stuff doesn't have any rules, and its proponents seem to think that's a good idea.
Me, I'll just keep laughing when I hear people have lost their shirts in this. It's like the Dutch and tulips ... this is a self inflicted wound caused by completely irrational and stupid things.
Don't you love it when someone else knows more about what you need than you do? Makes me feel all warm and not really giving a shit about anything, or anybody.
Nah its not even that misguidedly altruistic. Simply put it competes with google pay.
Next they will ban paypal and visa
Some drink at the fountain of knowledge. Others just gargle.
I take this to mean that Google will release their own cryptocurrency in about 6 months.
Sanitizing content is the digital equivalent of burning books.
Some drink at the fountain of knowledge. Others just gargle.
Where does it stop and what is he limiting criteria to stop it?
They didn't say they were going to ban or filter searches for info on cryptocurrencies. They just don't want it in the ad network. I don't really see the problem here. The ad network is there business and they need to adjust to what they see is good for business.
Sent from my TARDIS
Google do some nice stuff for crypto. I like their free BTC to USD widget. They also correct misspelling of crypto words.
This is just a ban aimed at ICO's mainly. I love crypto and have no problem with this ban.
Money of the future shouldn't have to advertise. It's utility and value is enough of an advertisement on it's own.
1. Purchase of quasi legal goods and services. ...to name but a few, so many potential uses.
2. Remittances.
3. IOT micro payments is another big one. Please educate yourself.
...they place it on the other side of "safe search" and I can turn it off, then its 'fine'. However if they do not, they are slipping down a long steep slope and will see users end up leaving.
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This is because those of you know understand and advocate for cryptocurrency told your stupid Facebook friends it's a great investment, and it turned bubbly.
Next time, don't tell your stupid Facebook friends.
For me living in a poor country where I've lived in the flesh an endless cycle of devaluation and inflation, holding bitcoin has become a real escape from my worthless currency. The value of bitcoin has surely had wild swings, but it is now several times higher than it was five years ago, while my currency has lost 30% against USD.
I got into bitcoin in 2013 not because I heard anyone saying I'd become rich, but because I got excited on the principles of a decentralized permissionless cryptographic protocol, an immutable ledger and a limited supply.
Lots of envious people badly want it to fail, but bitcoin has shown such resilience that I'm personally not scared that it will.
google is in bed with their own R&D -- they are developing their own... ala... why allow competitors to thrive in their world..
i would not allow my competition to advertise in my present and future space either.
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This is great news. The "ads" for cyrptocurrencies and bitcoin and exchanges have been overwhelmed with phishing scams and missinformation. The organic results will be much better than any ads in this space!
Or Slashdotters can tell us: Anyone know of any benefit related to cryptocurrencies?
No. Next question.
Seriously, most of them are rather transparent pyramid schemes or similar scams designed to separate the gullible from their "real" money. The few that aren't are just an answer to a problem nobody has except criminals.
lol turdcoin lol
As soon as the Federal Reserve or U.S. Government or U.N. want to establish a crypto currency, Google will be happy to advertise it.
Well, if you were smart enough to mine a few hundred Bitcoin back in 2010 and held onto them, you would be a millionaire now.
Lucky is the word you are looking for. There was no logic that would have lead you to believe that mining bitcoin would result in vast riches. Therefore smart doesn't play into it. It was a gamble that paid off for a lucky few, barely different than having a winning lottery ticket.
As an actual currency, though, it kind of sucks.
You don't need the "kind of" qualifier. It sucks. It's expensive, volatile, risky, awkward, not accepted many places, slow, and did I mention expensive? Transaction costs for bitcoin are WAY higher than for dollar transactions in almost all cases. (except those where jail time is a concern)
Youre such whores.
BitWhores.
SHAME.
So brave. Very bigly. Much raeped by chinks. lol.
I am shocked, shocked that Google would want to disassociate itself from solid businesses like pyramid scheme phony currencies!
{your bitcoin winnings sir}
Thank you.
Advertisement is their business model, they didn't make anything against native advertisement or any of those high frequency trading pyramid scams (forex and is a scam too).
It seems a little strange that Google will ban cryptocurrency advertising but still allow gambling.
I reserve the write to mangle english.
All hail the return of retarded Alexander Peter Kowalski
Always at the ready to spam his ineffective security wares that will never stop an unknown threat
His work is just as effective as an AV scanner that matches based only off of file names for the most well known viruses from last week
We can all look forward to his piss poor arguments, lack of basic math comprehension, inability to read, and petty name calling
I've got an ICO banner ad on the top of *this* page. How are slashdot's ads managed?
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I don't care about cryptocurrencies.
No happy about google's insane censorship, and manipulation of search results.
JMHO.
is going to have to create a new search engine soon.
No ads is the first step to big brand censorship?
All the activist party political US brands trying to push their political view onto search results?
Whats next? No search results?
Deranking comments and content that mention term like crytocurrency? The math and academic papers too?
How deep with the big brand crypto ban go?
Time for a new search engine that actually finds results without having to guess at how a big brands political views will alter the search results.
Domestic spying is now "Benign Information Gathering"
Eliminate dollars and credit cards. Use only Googs.
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