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RE: Current Bitcoin Drawdown Resembles that of the Nasdaq in 2000
Funny that Morgan Stanley is covering Bitcoin while Google and Facebook are working to snuff out crypto currency. The tech companies have the brains to understand that decentralized networks will take away market share and eventually put them out of business and Steemit is just the beginning. Now with roadblocks in place crypto knowledge and information will move even faster to the Steem blockchain. It seems that financial analysts are beginning to realize the value of blockchain technology and don't want to miss out on the financial rewards.
The risk reward isn’t there for the likes of google and Facebook. Crypto spams the platform and opens them up to litigation with little advertising or monetization opportunities than say selling household products. Whereas despite recognizing crypto as an eventful business risk, it will also bring research and trading dollars, and maybe even more so than the lost revenue.
Litigation? After all the Bitconnect ads run by Craig Grant on YouTube I haven't seen any legal action against YouTube, Google or Alphabet. They are indemnified.
From AdWords Terms and Conditions:
10 Indemnification. Customer will defend, indemnify and hold harmless Google, its Partners, agents, affiliates, and licensors (each an “Indemnified Person”) from any third party claim or liability arising out of or related to Ads, Targets, Creative, Destinations, Services, Use and breach of these Terms by Customer, except in relation to each Indemnified Person, to the extent that the third party claim or liability arises as a direct result of: (a) that Indemnified Person’s negligence or misconduct; or (b) that Indemnified Person’s breach of the Terms. Partners are intended third party beneficiaries of this Section.
Point taken. I still don’t see great risk reward for them to have ICOs advertised on their platform. Lack of regulation opens people to scams and there’s no way for them to adequately filter them. Maybe once they become properly vetted. So if not litigation, then reputational damages.