The Future of Cryptocurrency Advertising: Cryptocurrency ad bans are a step in the Perfect direction

The Future of Cryptocurrency Advertising: Cryptocurrency ad bans are a step in the Perfect direction

Google just banned cryptocurrency along with ICO ads, a move that follows Facebook's decision to perform the same. The terminology is crude: You're no longer allowed to market "Cryptocurrencies and relevant material (such as but not restricted to first coin offerings, cryptocurrency trades, cryptocurrency pockets, and cryptocurrency trading advice)."

This is very good news

From the Wild West of all crypto items can lead in one of two manners. Or even if the business takes the slow and continuous route, assembles self-regulatory bodies and averts scammy pumpand-dump strategies, then perhaps the industry may grow into maturity.

Currently, the strategies for token sale marketing are ridiculous. I saw a token advertising that featured a scantily clad young lady in a compromising position -- all in an effort to see financial instruments. Further, "crypto geniuses" such as James Altucher have contaminated our packs for the last couple of months with strange claims and spurious product offerings. Enough is enough.

I go back to the first days of Linux. There were fire wars, screeds, and practitioners of shadowy FUD. No one could agree if KDE or Gnome was a much better desktop computer environment and we were you when you picked the wrong person. The world has been filled with angry, aggressive and enthusiastic individuals.

Fast-forward a few decades and the very same people are studying lightly in cubicles making tens of thousands of bucks. Their ancient zeal, while seemingly silly, paid away. And now Linux is totally boring, tool programmers use to spin down and up servers in a heartbeat.

Until it's concealed, until it is uncertain where the blockchain stops and the rest of the world starts, and until we rid ourselves of the get-rich-quick along with the outright scams, the industry won't grow to the rank it deserves. Google and Facebook are right to do something to safeguard them.