5 ms·

In 2023, advertising budgets for cryptocurrency brands shrank to almost nothing

39 points by atominte 4y ago

senttoschool 4y ago
Why do we allow advertising for unregistered securities, scams, ponzis, and unregulated exchanges?
- imiric 4y ago
  For the same reason we allow it for politics, propaganda, and products that kill people. Money. The problem is not the advertisements. It's advertising.
  - durnygbur 4y ago
    How much to install a billboard on the wall of your building? Simply give a number.
- Symbiote 4y ago
  Britain introduced rules last year, and is tightening them further this year, bringing cryptocurrency adverts into line with other financial products. You see warnings that investments might go down as well as up, mandated text on all these ads. The USA has a very absolutist view on free speech though. Are there any restrictions on advertising? https://www.reuters.com/technology/uk-watchdog-warns-crypto-firms-prepare-tougher-rules-adverts-2023-02-06/ https://www.reuters.com/technology/uk-watchdog-warns-crypto-...
  - thunky 4y ago
    > Are there any restrictions on advertising Cigarette ads were banned, that's one example.
sp527 4y ago
Good.
top_sigrid 4y ago
https://archive.ph/ZnUsE https://archive.ph/ZnUsE
blitzar 4y ago
I have a couple of crypto apps on my phone - coinbase as well as some crypto adjacent banks etc that sell bitcoin. When crypto is going up I get "ShitCoin is up 20% the last 24 hours" - when they go down, I dont get any push notifications.
lakomen 4y ago
Yet I've seen this Texan guy seek web3 devs offering 300k / year. Something doesn't add up.
- ElfinTrousers 4y ago
  Oh, well, if one guy in Texas still believes...
- labster 4y ago
  It’s hard to find people to work on legacy tech like web3 when everyone wants to work on web4, the next big thing.
mtnGoat 4y ago
Well when there are fewer new entrants to the Ponzi when the unsustainable APRs didn’t own out, I imagine revenue is quite low.
paxys 4y ago
Just in time for "web4"/AI. Get ready to be barraged by these startups instead over the next year as the hype train moves on.
- atominte 4y ago
  Nine out of ten of the top three producthunt launches in the last few weeks have AI in the title in some way.
- xhkkffbf 4y ago
  Do you think the ChatGPT clones and spin offs will be ready to rumble by next Superbowl? Or will it take a couple of years? I can just imagine ads trying to lure people to talk to this bot or that bot just because.
  - paxys 4y ago
    Being "ready" is never a requirement. It's about how much money they can raise and what ads they can produce.
  - atominte 4y ago
    ChatGPT or OpenAI will undoubtedly do so; it is a real technology, not a waste of cpu/gpu time to support blockchain and cryptocurrency trading for nothing. Clones : Not sure, and I'm not sure that AI in the titles is more than just hype words. But AI is hot, true.

39 points by atominte 4y ago

senttoschool 4y ago

Why do we allow advertising for unregistered securities, scams, ponzis, and unregulated exchanges?

imiric 4y ago
For the same reason we allow it for politics, propaganda, and products that kill people. Money. The problem is not the advertisements. It's advertising.
- durnygbur 4y ago
  How much to install a billboard on the wall of your building? Simply give a number.
Symbiote 4y ago
Britain introduced rules last year, and is tightening them further this year, bringing cryptocurrency adverts into line with other financial products. You see warnings that investments might go down as well as up, mandated text on all these ads. The USA has a very absolutist view on free speech though. Are there any restrictions on advertising? https://www.reuters.com/technology/uk-watchdog-warns-crypto-firms-prepare-tougher-rules-adverts-2023-02-06/ https://www.reuters.com/technology/uk-watchdog-warns-crypto-...
- thunky 4y ago
  > Are there any restrictions on advertising Cigarette ads were banned, that's one example.

sp527 4y ago

Good.

top_sigrid 4y ago

https://archive.ph/ZnUsE https://archive.ph/ZnUsE

blitzar 4y ago

I have a couple of crypto apps on my phone - coinbase as well as some crypto adjacent banks etc that sell bitcoin. When crypto is going up I get "ShitCoin is up 20% the last 24 hours" - when they go down, I dont get any push notifications.

lakomen 4y ago

Yet I've seen this Texan guy seek web3 devs offering 300k / year. Something doesn't add up.

ElfinTrousers 4y ago
Oh, well, if one guy in Texas still believes...
labster 4y ago
It’s hard to find people to work on legacy tech like web3 when everyone wants to work on web4, the next big thing.

mtnGoat 4y ago

Well when there are fewer new entrants to the Ponzi when the unsustainable APRs didn’t own out, I imagine revenue is quite low.

paxys 4y ago

Just in time for "web4"/AI. Get ready to be barraged by these startups instead over the next year as the hype train moves on.

atominte 4y ago
Nine out of ten of the top three producthunt launches in the last few weeks have AI in the title in some way.
xhkkffbf 4y ago
Do you think the ChatGPT clones and spin offs will be ready to rumble by next Superbowl? Or will it take a couple of years? I can just imagine ads trying to lure people to talk to this bot or that bot just because.
- paxys 4y ago
  Being "ready" is never a requirement. It's about how much money they can raise and what ads they can produce.
- atominte 4y ago
  ChatGPT or OpenAI will undoubtedly do so; it is a real technology, not a waste of cpu/gpu time to support blockchain and cryptocurrency trading for nothing. Clones : Not sure, and I'm not sure that AI in the titles is more than just hype words. But AI is hot, true.