Why banning crypto ads is a good thing

johnycrypto (60)in #crypto • 6 years ago

ImageSource: CryptoCoinMastery

Hello Steemit Community!

This last months some of the main websites decided to ban cryptocurrency ads, starting with Facebook, Google following and yesterday Twitter made the same decision.

Facebook Is Banning Ads for Bitcoin and ICOs
Google to Ban ICO and Crypto Ads Starting In June
Twitter Will Ban ICO Ads Starting Tomorrow

This seems like bad news, everytime we see a ban on something in crypto people freak out but this is actually a good thing, why?

I believe there was more scam and phishing ads than real ones, hackers used the crypto hype to advertise fake websites of popular ICO's to scam people, on Google the ads show first so hackers have a pretty successfull attack because alot of people search for the ico name on google and click the first link they see.

Besides this big issue social media platforms, mainly Facebook, was spammed with alot of useless ICO's promising big returns, fooling alot of uneducated people.

One of the main concerns to make this market mainstream is to create a user-friendly and safe environment to no technical people get involve. If you are new to the market and you get tricked by this useless ICO's thinking you will make alot of money and you eventually see your investment worth 0 you will get the impression that all this cryptocurrency thing is a scam and you probably will not invest again.

New projects need to use different type of marketing strategies to get investors and build a community not using aggressive ads to promote their ICO, the foundation of cryptocurrency and blockchain technology is community, this should be the #1 priority of any project, not create a project to make money.