This is why we can’t have nice things.

ICOs are garbage and going against crypto basics by design but newbies love to gamble with them.

So if this news halts the ICO/token craze and weed out most of the scammers and newbie gamblers then I think this is good news. Let’s face it, the top coins doesn’t need advertising, only shitcoins do. Spending money on ads is a dead giveaway of the team behind it is trying to pump it.

Only decentralized, trustless coins with natural growth should be taken seriously, the rest is just gambling in a fixed game giving a bad name to crypto – which this news proves.

I heard the FBI successfully pressured Facebook to ban the ads, and it looks like it has worked on Google as well.

&Crypto Dan: The FBI isn’t required to do that, common sense does. The vast majority of ICOs – which dominated previous last year – are scams. Some of them are not even intentionally scams, but the people behind them are way over their heads and can’t deliver their grandiose vision. They’re like kickstarter or startups. And because of the nature of cryptos, like Eth, with the biggest token platform, reversible payments or fraud protection doesn’t exist – which is a good thing in general since if those were exists, those would be exploited too.

People abuse things if they can make money out of them.

I just hope that all the people who got into crypto when BTC’s price skyrocketed will leave or learn to value legit cryptos and not just try to gamble with premined shitcoins that simply can’t end well.

@James Allen Cotter. stop talking rubbish, search for retirement plan,stock market etc and the first thing you see are ads.