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As someone who has invested in cryptocurrencies, I have to say I don't really mind the ban – most crypto ads I've seen so far have been scammy or for subpar cop

by Shoue 9y ago

As someone who has invested in cryptocurrencies, I have to say I don't really mind the ban – most crypto ads I've seen so far have been scammy or for subpar copycat cryptocurrencies, and I feel like that'd be the general trend, even if legitimate cryptocurrencies start using ad platforms I feel like they'll be a minority since they already get free advertisement through word of mouth by simply being innovative.

saintPirelli 9y ago
I second that. I actually see it as a positive. The "scammy stuff" that surrounds cryptocurrencies might generate demand and raise prices in the short term, but they are also very likely to deliver devestating blows to public perception and acceptance of cryptocurrencies in the long run.
Ajedi32 9y ago
Why would you ever need to _advertise_ a cryptocurrency anyway? Can you imagine someone advertising a specific stock, or a fiat currency? That'd be ridiculous! Seems likely to me that most of those ads are just trying to prop-up the price of the currency they're advertising so that the one who bought the ad can dump their holdings at a higher price. I'm a little concerned though that Google's ban here seems to go beyond just ads for currencies themselves. For example, is Brave no longer allowed to advertise its browser on Google because there's a cryto coin associated with it? Are exchanges or hardware wallet manufacturers like TREZOR no longer allowed to advertise their services? If so, I think these restrictions might be overly broad.
- wyldfire 9y ago
  > Can you imagine someone advertising a specific stock, or a fiat currency? The latter -- yes, that's ridiculous. But not the former. Companies whose stock is traded publicly do advertising all the time. The intended audience for the ads isn't limited to potential buyers of their product. It's often also useful for swaying shareholders, potential shareholders, regulators, etc.
  - AnIdiotOnTheNet 9y ago
    Just because people do it doesn't mean he isn't right about it being ridiculous.
- bluGill 9y ago
  A legitimate ad for a crypto currency is the same usecase as a credit card: you want people to choose your currency/card for their transactions. Note that in both cases the legitimate use is transactions, and in both cases the real motivation is those who fall into a scam (in the case of a credit card high interest rates).

by Shoue 9y ago

saintPirelli 9y ago

I second that. I actually see it as a positive. The "scammy stuff" that surrounds cryptocurrencies might generate demand and raise prices in the short term, but they are also very likely to deliver devestating blows to public perception and acceptance of cryptocurrencies in the long run.

Ajedi32 9y ago

Why would you ever need to _advertise_ a cryptocurrency anyway? Can you imagine someone advertising a specific stock, or a fiat currency? That'd be ridiculous! Seems likely to me that most of those ads are just trying to prop-up the price of the currency they're advertising so that the one who bought the ad can dump their holdings at a higher price. I'm a little concerned though that Google's ban here seems to go beyond just ads for currencies themselves. For example, is Brave no longer allowed to advertise its browser on Google because there's a cryto coin associated with it? Are exchanges or hardware wallet manufacturers like TREZOR no longer allowed to advertise their services? If so, I think these restrictions might be overly broad.

wyldfire 9y ago
> Can you imagine someone advertising a specific stock, or a fiat currency? The latter -- yes, that's ridiculous. But not the former. Companies whose stock is traded publicly do advertising all the time. The intended audience for the ads isn't limited to potential buyers of their product. It's often also useful for swaying shareholders, potential shareholders, regulators, etc.
- AnIdiotOnTheNet 9y ago
  Just because people do it doesn't mean he isn't right about it being ridiculous.
bluGill 9y ago
A legitimate ad for a crypto currency is the same usecase as a credit card: you want people to choose your currency/card for their transactions. Note that in both cases the legitimate use is transactions, and in both cases the real motivation is those who fall into a scam (in the case of a credit card high interest rates).