RE: Not Exactly Sure Who Google And Facebook Think They're Dealing With - They're Not Snubbing Crypto, End Of Story
Personally, I feel its a right move even tho not-too-right.
With the advent of crypto, a lot of people have become involved with the trend. And a lot of people have been scammed by one alt coin or the other.
So Facebook or google serving as a promotional means might get involved in a lawsuit if something goes wrong.
Imagine paying for a $1 advert and been sued to the tune of billions of dollars. I think prevention is ultimately better than cure.
Cryptocurrency should have a way of promoting its own thing. Cuz it is very volatile, has its up and downs and not really for everybody especially for the weak minds.
But I also hear they (Facebook) is planning on introducing its own crypto coin.
Maybe that's a way of stopping others before theirs arrive.
But however, its a good move.
Makes both parties (those on the platform and the owners of the platform) safe.
Thanks for sharing @biddle.
I appreciate the input. Only problem though is it is a ridiculous notion that they should be liable for lawsuits. How can they be if they've never been liable for lawsuits regarding HYIP Scams about the stock market, 'fibonacci pattern' seminars, 'the secret to penny stock trading', 'THIS penny stock you've never heard about it going to skyrocket', 'the secrets of...<insert anything regarding stock market, real estate, or finances', etc.? This is a solely crypto-focused attack, which is dumb because it isn't as if there aren't many many many many other opportunities for people to throw their money away if they don't do their due diligence. It all comes down to the fact that people should have the right to choose and companies should have the right to a fair possibility of success, and major companies barring the promotion of crypto-related products in an attempt to block the bullshit is biased against crypto, because they aren't blocking the bullshit in every other sector.