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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.
"... 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.
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.
They are probably acting on behalf of the US government. This sounds really weasel-like. If they were serious about consumer harm there should be an announcement like this twice a day. Most scams don't get any attention.
I object to power without constructive purpose. --Spock
Sanitizing content is the digital equivalent of burning books.
Some drink at the fountain of knowledge. Others just gargle.
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
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.
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)
They are probably acting on behalf of the US government. This sounds really weasel-like. If they were serious about consumer harm there should be an announcement like this twice a day. Most scams don't get any attention.
Surprisingly, I kinda have to side with Google on this one. A *currency* shouldn't need advertising - it's not a product, but a medium of exchange. If someone's advertising it, it means they're trying to gain something, and with a currency, almost by definition, if someone else is gaining, you're losing.
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.
Warning: APK hosts file engine contains a miner built in that eats your resources while making APK some coin.
When confronted APK replied with "can Adblock mine coins? No? APK can."
To which the reporter replied with: "what?"
Moral of the story: don't trust a random stranger on the internet spamming shit.
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
Don't you get it? He surely must mean he lives in America
They are probably acting on behalf of the US government. ...
B I N G O !
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"