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Twitter Will Ban Most Cryptocurrency-Related Ads (axios.com)
An anonymous reader writes: Twitter plans to ban most cryptocurrency-related ads in the next few weeks, as Sky News first reported and a source confirms to Axios. Why it matters: The recent boom in cryptocurrencies and digital tokens has unsurprisingly attracted some fraudsters. Twitter is following in the footsteps of Facebook and Google, though it's been having its own problems with accounts promoting scams.
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Racism Trumps Patriotism, right traitors?
Any adverts should be legitimate. Maybe they can ban the "X person does X amazing in X area" while they're at it.
God I hope this means we've hit peak cryptocurrency and I can stop fucking hearing about it.
You wanted to play in an un-regulated financial market -- this is what happens when you do that.
What's that? The magical unicorns which make it awesome are a lie? Well, I'm fucking shocked.
Sorry, this, and governments demanding regulation, was pretty much inevitable.
You might as well find a local loan shark and ask if he's FDIC insured.
Imagine if Twitter banned everything that was untrue, related to fraud, and hate speech.
There would be hardly anything.
It is interesting to see how fast Facebook and Twitter can move when a U.S. agency like the SEC is breathing down their necks, but how everything moves so slowly for something like international bad actor states that is even more damaging but doesn't have an agency that will move quickly and swiftly to penalize them.
Crypto ads and immediate SEC penalties: BLOCKED!
State-sponsored cyber terrorism facing long-running Congressional investigation: Oh, that's really complicated. We're working on it.
Feels really good when Google, Facebook and Twitter combine join their effort to protect me from these evil coins. Thank you so much!
Enough with twitter already.
By related cryptocurrency-related ads, does that mean ads that advertise cryptocurrency or ads that mine cryptocurrency? The second type is probably more important to ban than the first.
If so-called cryptocurrencies are really good innovation, why they attract so many criminals/criminal activity?
Could it really be because, all cryptocurrencies themselves are scams, and that is why they attract all kinds of criminals/criminal activity?
If so-called cryptocurrencies are really currency, why no company/store can use Bitcoin as currency anymore?
Because the price of Bitcoin proved to be extremely unstable to use as a currency?
Would the result be different, if Bitcoin replaced by any other "cryptocurrency"?
Aren't all work the same way?
Or, they are not actually virtual currency but virtual investment?
But, if they are actually investment, why we need/want them?
What would happen to world economy, if people invested in virtual investments, instead of real investments?
Or, all so-called cryptocurrencies are actually just a modified (made decentralized and paying variable interest) Ponzi Schemes?
(Price of cryptocurrencies would keep increasing in the long term (by their design), so it is equivalent of paying variable interest to all long term investors.)
As more and more people invest in cryptocurrencies, it will become harder and harder to ban their trading everywhere!
All cryptocurrencies need to be banned globally before it is too late!
So, Twitter is worried about it's users being ripped off. Were that the case, they would have to include all FIAT CURRENCIES.
On free speech in modern world so far. Obviously these providers are being told/threatened to do this. As others have said there are very little ads for crypto that most have seen or even bothered to click on. This is all about competition and seeing blockchain as a big threat to ad revenue, search engines, and communication / chat channels like twitter and facebook.