Google Joins Facebook FUD: To ban all ads related to Cryptos and why this is good for Crypto lovers
Fud and hate´from central governments, financial institutions and top industries against crypto´s have no ending-however we will win in the long run . Most recently , Google will join their centralized buddies Facebook to ban ads related to Crypto´s. Even though google preaches not to do evil- I wonder why they are not practicing what they preach (guess they are afraid of blockchain tech creating a big competitor and thus eating off their monopoly).
According to CNBC news
Google will ban all cryptocurrency-related advertising.
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.
Google's hard-line approach follows a similar ban that Facebook announced earlier this year. Read full details here
In light of this, we crypto lovers should see it as a blessing in disguise:
Create and promote Decentralized search engine: It is time for all crypto lovers to support any great decentralized search engine project where we can advertise legitimate ICO´s and projects like Steem´s SMT, EOS , etc. This will surely be very helpful including creating a great competition against Google the way steemit is currently doing against Face book.
Steem SMT: The good news with steem blockchain is that SMT will provide us with opportunities to raising money by creating our own tokens. Thus entrepreneur’s and innovators should start thinking on ways to creating a great decentralized search engine (contact me via steemit chat if you are a back end developer) and other top projects in order to show all haters that cryptos are here to stay . Do not forget to use this opportunity to buy cheap steem and power up because steem power is the key to future super normal profits. I wish you all a blessed weekend.
Click here and read my former post: A Funny but Strategic Explanation of FOMO and FUD In Cryptp´s : Steem, Bitcoin, EOS , Bitconnect et al
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It is time for a decentralized search engine @charles1 because monopolies are like creatures who turns into a greedy monster when they get bigger. So to curve that up we needed a decentralized search engine so that at least in the crypto world for example freedom will be felt and not censorship.
Well analysed indeed,if you want to start up one, feel free to contact me. I wish you success
Hahaha the fud and hate has no ending indeed...however an opportunity for us to create a decentralised search engine platform...with SMT, innovation will be promoted. Thanks for your post and happy weekend.
Exactly, the recent wave of massive censorship gives us more incentives to develop decentralized censorship-resistant platforms like BitClave (search engine), Steemit (medium), D.tube (youtube), Zappl (twitter).
For now most tech-savvy users already switched to DuckDuckGo, because it doesn't track you all the time as most other centralized search engines do.
Very good point, thanks for your comment
I hope they get a search engine up and going for Steemit soon it's very important to refine the Steemit experience. As far as Google and Facebook it's simple business 101 not to advertise your competitors wares
Good point indeed, thanks for your comment
No FUD can keep crypto down for a long time!
Amen to that, I agree
Bad for price in the short term, good for crypto in the long term. They'll eventually allow the ads again
I agree because they will want back the millions in ads money
Governments all over the world are desperately trying to control cryptocurrencies as they think it as a medium which can challenge their monopoly on economic matters because money is the key of controlling the public. Government controlled money (fiat currencies) are meant to serve the powerful, elite, super rich people while in some way they are rendering poor to poorer. Governments never like to lose control over the masses. However, there are lots of scams happening in the name of ICOs and cryptocurrencies. These scams and fraudulent acts will give the governments to take the matters in their hand and subsequently crush the system which challenges them. Google and Facebook are doing exactly what powerful people want. Yes, I agree that we need a decentralized search engine which can solve the purpose of keeping power in the hand of general public instead of a few rich people. After all necessity is the mother of invention.
Very good point, I agree. Thanks for your comment
Yeah indeed, I feel like freedom fighter after reading this. The gov people always want to controll over everything, injustice as a result. Decentralise something now!
Yes indeed. Decentralization can solve some of our problems.
its a good thing . we need to curve down the speculation and wild icos . Google isnt doing anything bad.
Their decision affects all cryptos not only bad ICO´s ...criminal banks can advertise on FB and google isnt it?
This mean facebook one of crypto haters??? Since I know Steemit, I never use FB anylonger.
Just wasting time
Good point
Thanks @charles1 , and I wanna tell you all, I've ever promoted steemit via facebook but facebook delete mine as a spam post.
Same here ...they think only of themself
Surely, In bluepaper clearly informed that faceboOk make money for themselves. Noting for contributor or participan
I agree..shareholders wealth maximixation ie google and FB et al ...thank goodness for steemit that share revenue with members
we would see what they can do for crypto in their coalition,,,lol
I'm new here on Steemit as a result of a 30-day ban on Facebook for speaking freely in a debate. Yes, what I said was controversial, but it wasn't a crime. It's outrageous what's going on. I hope this is their undoing. YouTube, too.
Welcome to steemit..we have it all here including Dtube and Dlive which are decentralised video ...Moreover, take out time and read my older posts for tips on how to succeed here. I wish you success
Thanks...getting familiar with it slowly. Seems like Facebook, but with fewer complications.
Google and Facebook are standing in front of people. Decentralization is about to increase the power of society instead of governors. Aristocracy is no more our solution
Point, I agree.
the age of crypto is here we have to build our versions o fb and google haha
Point...we have steemit already and have to improve more.