Bitcoin Forum

When the Bitcoin price was below $20k, there was an information banning Bitcoin and advertising related to crypto by Netflix. Spontaneously I was surprised and the question arises "what's with all this?"

Suddenly a notification appeared on my Android that the Chairman of the Indonesian People's Consultative Assembly (MPR), Bambang Soesatyo said the establishment of a crypto exchange helped Indonesia's economic growth. Reportedly, at the end of this year the crypto exchange was officially launched in Indonesia. This is really encouraging news for me as a citizen from Indonesia because the efforts that will be realized by the government have been long awaited by investors.

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When Netflix banned Bitcoin, the Human Rights Foundation donated $325,000 in BTC towards the development of Bitcoin.

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Source
1. https://twitter.com/BTC_Archive/status/1567070321391403008
2. https://news.tokocrypto.com/2022/09/07/ketua-mpr-bursa-kripto-bantu-tumbuhkan-ekonomi-indonesia/
3. https://news.bitcoin.com/indonesian-government-to-launch-crypto-bourse-this-year/
4. https://bitcoinmagazine.com/business/human-rights-foundation-makes-q3-bitcoin-donations

"Netflix bans bitcoin" <-- Clickbait.

They banned crypto ads from their streaming platform, not Bitcoin (they can't do that anyway).

Don't spread FUD in headlines because that's all that most people read.

I mean, this really isn't the first time a service has banned bitcoin/crypto-related ads. Also, this is just Netflix — it's really no biggie compared to the likes of if Facebook/Twitter/Google does it. Heck I didn't even know Netflix had ads.

If anyone want to read the article about Netflix ban crypto ads, visit this site to get better information https://cointelegraph.com/news/netflix-bans-crypto-commercials-on-ad-based-streaming-service-report

It's nothing new about big sites ban crypto ads since most of them either scam or ponzi scheme, as we know crypto is centralized coins and can be manipulated by the CEO. The another reason might be it's high risk investment and every countries still not accept Bitcoin, of course if there's a country didn't ban Neflix and ban Bitcoin, it will be a problem.

In addition to that i think it will be more better if OP can just do good by editing the topic by changing bitcoin with crypto, and possibly move the thread to beginners and help section or altcurrencies discussion.

That's how Media gets TRP, and this is how they make money. But this is a forum, and the OP unlike to earn anything spreading FUD. I guess OP himself didn't read the news and covered the Headlines. If you merit such posts, others will be motivated to do the same trick (Clickbait). So, I would recommend others discourage people from spreading FUD and spend their merit on such a topic.

They cannot ban bitcoin period. What you are saying is not real and people might misunderstand you because of your title. Better change it right away and next time you need to learn to take your time to read before posting. Because things like this might create doubt and confusion among the newbies. Anyway, the news of the Indonesian government announcing to the public that there has been a growth in their economy since the establishment of crypto exchanges is great news for all, and hope they gonna increase their growth in the future as well.

How on earth Netflix can ban bitcoin? They are way too small for such things. They have banned crypto related advertising on their platform. That's fine! No harm is expected on cryptos due to such movement. Crypto will eventually find its place among the mass. I believe Google had taken similar kind of decision last year in crypto ads. It didn't impact crypto 5o any major level. So it's all fine!

The banning of cryptocurrency ads by large businesses like Google had little impact. The fact that a company bans bitcoin advertisements won't change its stands. I'm not sure why such judgments are made, though it could be for a license to operate in a certain location where cryptocurrency is not recognized as legal tender by the authorities. They have all seen that, so far, bitcoin has continued to develop despite the black harsh attached to its name.

I think that this is part of their new business strategy, which means that there will be cheaper subscriptions that will include advertisements, and those who do not want them will have to pay a higher price. Something similar to what YT has, if ads annoy you, buy a premium service and enjoy without distractions. In addition, the competition is getting bigger and bigger in the world of streaming services, so Netflix is no longer what it was 5-6 years ago.

I guess it's the ad on bitcoin that they are banning. However, it seems that they are really late because bitcoin is growing by the numbers and never be affected by this so called bans from any companies, much more to social media giants like Facebook. Sooner or later they will realized that they made a big mistakes and maybe make a U-turn in the future and allow it.

They don't want to ban Bitcoin because they are suffering financial issues from the pandemic. They are cutting their staff number in order to reduce the burden of salary budget paid for staffs.

Bitcoin has huge community and if they can get more users from Bitcoin community, they will not refuse to do that. If they don't get any mandatory requirement from government, they will not do that. Government so far does not ban Bitcoin in the USA. as I know.

They don't, not yet. But they're making an ad-supported subscription option so that they can raise the prices of all the other subscription tiers. Probably because they lost so many subscribers when they started bleeding TV series and movies like Marvel.

it won't have a big impact on the bitcoin price if netflix bans bitcoin because indeed I also don't see great potential if netflix accepts bitcoin payments, at this time netflix shares are also falling and many other stocks are also falling, so I think right now just waiting for the market bitcoin is recovering and waiting for the market to be crowded again in any country including Indonesia

Firstly, the Netflix bit is indeed only about ads on cryptos and gambling, not on banning Bitcoin. Secondly, it seems that the first source is an article (https://www.smh.com.au/business/companies/netflix-with-ads-is-coming-this-year-here-s-what-we-know-20220902-p5bezy.html) by the Sydney Morning Herald (I've never been on their website before this story), and it refers to "local sources" when making the claims about crypto and gambling ads being rejected, also along with political ads and ads of any products to children.
So we'll see how this actually goes, and if restrictions are so generic, it's okay that cryptos are a part of it. After all, crypto ads in general are not Bitcoin ads: they are ads of centralized services (wallets, exchanges) or shady projects like ICOs.
On the other note, I am happy for the op that Indonesia made a pro-crypto move.

Thanks for everything. I take it very positively. Maybe because of the topic title I gave.

I'm too stupid to spread FUD about Bitcoin because the percentage level of my hatred for people who do FUD against Bitcoin is very high, even I say people who do this are mentally retarded in seeing future opportunities.
I took information regarding netflik ban Bitcoin and crypto ads from BitcoinArchive twitter. I think BitcoinArchive which has over 1 Million followers on twitter is unlikely to share FUD news against Bitcoin.

https://i.imgur.com/54gC0fb.jpg (https://twitter.com/BTC_Archive/status/1567070321391403008)

In my opinion, this prohibition is their strategy of utilizing Bitcoin which has attracted the attention of all investors around the world because based on data, Bitcoin searches on Google are very high in several countries as reported by Bitcoin Documenting (https://twitter.com/DocumentingBTC/status/1565010019342483456), Aug 31.

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I once said in a post that developing countries should follow what African countries are doing with regards to Bitcoin and today the Bitcoin Archive shared that information.

https://i.imgur.com/wuS5ndW.jpg (https://twitter.com/BTC_Archive/status/1567510176164466689)

I continue to read each response as my learning material in understanding about Bitcoin.
Sorry, my English is not like normal conversation.

It's funny because there are bunch of series which are streaming on the netflix who are mentioning bitcoin all the time. I have seen few of them which were based on the criminal/drug abuse genre in which most of the criminals are using bitcoin to transfer the funds anonymously. So FBI agents keep wandering and tracking down the so called crypto criminal because of whom drugs keep moving here and there.

All the way back big ang theory also mentions bitcoin in one entire episode where the friends used to mine the bitcoin but loose it due to lost laptop and shit.

End result: Does not matter bitcoin promotion is banned on netflix or not, the series which fund them already taking care of that. Lolz.  ;D

That's how news is made, they make FUD everywhere and spread the word until panic in the market sets in. Readers should be able to verify what they're reading, so anyone shouldn't trust anything online too easily without verifying the truth first.

https://i.imgur.com/bipm5Mt.png

But look at Saylor's reaction when the market is correcting. He looked still very relaxed.

https://i.imgur.com/4dxgBpi.png

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OP, change title of your thread so it doesn't look like the FUD you want to spread. Netflix didn't actually ban Bitcoin, it was just ads bans that some other platform (Google, Facebook, Twitter) might have done before.

Maybe something like this: Netflix bans ads Bitcoin or Crypto, Human Rights Foundation Donates.

If you took the information from there why didn't you use the whole title?


Also, bitcoinarchive despite having those subscribers is hardly a trustable source, they do everything for clicks, investing stuff, and blowing things out of proportion just to gather exposure, if you spend 10 minute reading their tweets you would be wondering why BTC is not at 2 billion and why is there a single person in the world still using fiat.


The best thing to do is either edit the topic title which is clearly wrong at this point or lock this all together.

Ok, I agree with some of the suggestions for a title change. I understand that the first title was a bit annoying, but it shouldn't be now.

What I thought is that the thread is really all about Netflix banning bitcoin specific ads but I've come to realize that whenever I watch a series or a movie through Netflix, there's really no ad at all.  ;D

But if they're going to make that model with their new feature then, it's totally fine.

And for Indonesia, AFAIK, they're also too sensitive with digital things. They have banned Steam and other gaming platforms on their country.

I think no one knows but they've got some documentaries that has the topic about bitcoin/crypto.

Nice, I think its the best thing to do if you really want to create thread and you should be open to suggestions. Think of a proper title and discussion so many people will want to share their thoughts in your thread, so now I think that's good enough.

Regarding Netflix's plans to ban crypto or bitcoin ads and more ads, I haven't actually gotten an official announcement from Netflix yet. I searched for some news online, but I didn't get a single statement about ad ban. Maybe this is just the planning stage as their first step to working with Australian advertising companies.

Mother left her child.
Mother left her child unattended for a minute.

Do you see the difference OP?

I appreciate the attempt to correct the title but it still looks weird. It's not grammatical. Should be something like "Netflix bans crypto ads", not "Netflix bans ads bitcoin or crypto", as it displays now.
The second one makes it hard to understand what it really bans: ads, bitcoin, crypto or all together.   

After all the months i've been watching netflix then i dont see any ads and whenever they do talk about banning bitcoin ads? Well so be it.We arent seeing it on the first place.
Cant be sure if this one would really affect overall recognition but just let them be.They can ban all they want yet adoption would really be something that cant be stopped.
Each country does have its set of rules and laws whether it would be ending up going into the positive side or going into negative.We cant really just stop them on doing
on what things that they do have into their minds.

Well, based on what I've read, they're going to reconstruct their subscription features and maybe that will include some ads popping or some banners on the website while watching.

I haven't seen the whole details about it but maybe like the ads showing when you're watching on YT without any adblocker.

They've lost a lot of subscribers for the past year as per notatether so that's basically where they're going to milk some profits to at least recover and that will be through ads.

Netflix is going through such a rough time they are alledgedly launching a paid service plan which is supposed to be cheaper than the usual plans but still they expect people to bear advertisement. They are going downhill since they told their shareholders to expect an increase of subcriptions even after quarantine measures started to get lifted.

Source: Google Finance

Not sure what you think, to me it sounds like a bad idea.

Netflix or any other company they are free to accept bitcoin as a payment method or suspend any activities related to cryptocurrencies on their platforms but this will not change anything in the world of cryptocurrencies for the long term what they can do is just make decisions for their own company, in this case, they suspending crypto in their steaming services. What they are doing is a complete failure because just after bitcoin shows a positive face and used for human right foundation Netflix made this decision and this can have bad effects on their reputation.

I don't seem to comprehend Netflix's decision to take the opposite tack when organizations like (https://www.gobankingrates.com/money/business/major-companies-that-accept-bitcoin/) Microsoft, Paypal, Esty, Starbucks, AT&T, and others support bitcoin. Even more businesses are attempting to use bitcoin to draw in customers and clients. There must be an issue somewhere. What frightens them? I think there's more going on here than what first appears. They must have something planned, and I have no doubt that it will shortly come to light.

Hey mate I think Facebook already done that long ago, I don't know if Twitter has such anti Bitcoin ads law but am sure Facebook stopped Bitcoin/cryptocurrency related ads if am not mistaking in December 2018/2021 Facebook made such move to ban crypto ads. But still, after the ban, Bitcoin make it to an all-time high of 69k. so it is what it is man!
Read Facebook advertising policy news here:
https://www.bbc.com/news/technology-42881892

Netflix is even worse than that, it's rumored they have lost 970k paid subscribers and in that situation releasing ad subscriptions is not the best solution to fix things even though they will financially benefit from ad subscription program to be released in november, so apart from banning crypto ads there are some Other prohibited categories:
1. Pharmaceutical advertisement (still being considered)
2. Product advertisement selling products for children

Prohibiting crypto ads has to do with regulatory oversight, so I think if the regulations change then banning crypto ads will be considered, but btw they have documentaries about crypto :D

The title is very extreme and also this really spreads another FUD.
I have read the news fully about Netflix banning advertisements related to crypto. But actually, it is not only about crypto but also all advertisements related to gambling and politics, too. This is related to the audiences of Netflix itself and they want to make children-friendly watcehs.
source: https://bitcoinist.com/netflix-wont-allow-crypto-ads-heres-why/

I am sure that this news will not exactly bring big effect to Bitcoin or cryptocurrency in general

They are losing clients because the have little to no taste when comes to good content. Did you check their Resident Evil series? A complete disaster if you ask me, it does not help either the fact they want to get rid of shared accounts so aggresively after they allowed it for years and years, but anyways I dont want to derail this thread any further.

I am not quite sure what is wrong about advertising products for children on their app, I can understand that pharmaceitical drugs are not supposed to be pushed on the people through ads, it does not sound quite ethical in my opinion.

I feel like Netflix will need all the advertisements it can get, they seem to continue to make bad choices which causes them to loss subscribers. I used to have Netflix, but I haven't had it for years now. I felt they kept removing the old shows I loved, and were adding new ones which I basically had no interest in. I believe Heist was a Netflix original? That's probably the last one I liked. Other than that, I felt their production has gone down since.

I don't know what the reason is for them banning Bitcoin exactly, but I'm sure they'll go along the path of it not being eco friendly, and therefore had too stop advertisements. Didn't Netflix host one of the popular Bitcoin documentaries? Anyone know if that was removed?

In my opinion, they failed to adapt to the market, considering the number of streaming platforms that have appeared in the last few years and have become serious competition. I personally have several streaming services and I don't want to advertise any of them, but I will say that the one that currently has the LOTR series in its offer really has a much better offer of movies and series than Netflix.

As @TelolettOm nicely quoted, it's not that Netflix has something against Bitcoin, but they simply don't want to advertise such things through their platform, along with gambling and politics. A lot of scammers would take advantage of this, and users would then point the finger at Netflix because they lost money because of the advertisement that service showed them.

As for Bitcoin documentaries, I only watched one about QuadrigaCX (Trust No One) a few months ago, but I'm not sure it's still available - because Netflix often removes content after a while, although it might be related to different regions - so what is available in the US is not in the EU or vice versa.

They've also put prices up, and I know there was a lot of issues with account sharing which they said they'd crack down on. I was already away from Netflix at that point though. I got sick, and tired of watching a show, and then them removing it.

Yeah, I did understand that they don't want to advertise it, along with a few other things. However, I'd love to be a fly on the wall to actually know the reasons. I understand with politics, since that can cause controversies, but is Bitcoin that controversial? Scamming is an issue I suppose, but they'll advertise fiat based companies, which could potentially scam you. I mean big companies seem to get away with it all the time. I've seen how the big companies pretty much scam the smaller companies out of money, and it usually goes unpunished. This is especially true with limited companies in the UK.

I never watched whatever documentary was on Netflix since I didn't have it, but I'm pretty sure they had one on Netflix. I'm only interested since they've also banned political advertisements, I wouldn't expect they remove political movies/documentaries, but if they've removed that documentary about Bitcoin is that simply because it was part of their routine removal schedule or because they don't want anything Bitcoin on their platform. I'm just curious, I'm not trying to put the tin foil hat on.

Netflix has ads? What the hell? Isn't it a paid-only service? Do people pay, and do the same people watch ads?

Just read the responses below. So, it's part of their new strategy. No surprise, Netflix has to gain some growth now that Disney+ surpasses it.

As for Netflix banning crypto exchanges' advertisements (as "banning crypto" is a known nonsensical phrase), no problem. We're full of "Crypto.com", "Binance" and "Kraken" everywhere. I don't mind. In fact I feel it's better if we had less possible "investors" from the sofa, which is the majority of Netflix users who'd click on such ads.

Thanks for sharing the link to the source article.


And from what I read, it clearly shows it wasn't only crypto/Bitcoin ads that was banned from Netflix's intending new ads feature planned to go live soon due to reasons best known to them because as a company they have the right to choose what and what not to advertise on it's streaming service. Netflix is not the first to ban crypto/Bitcoin ads. Google once banned crypto ads, Facebook did, and now is the time for Netflix, but the funniest thing is that with all these new policies, there will still always be a way to effectively run a bitcoin ads campaign.

This is actually true- I never realized that Netflix had ads. Yet alone, I also did not realize that they banned cryptocurrency ads in the first place. While this may not entirely affect the price of cryptocurrencies in the market, this has some impact socially.

But it actually makes me happy that there are organizations that support BTC. The Human Rights Foundation even took the initiative of donating in order to support th movement of BTC. I just hope that more organizations follow this step for further enhancement of its reputation.

Why is Netflix attempting to kill off its streaming service so desperately? No ads were the core of the Netflix business model. This will ruin the company and whoever approved it is a complete moron.

Let's see what the government and big companies thinks they are doing:
The government and big companies tends to think that they are preventing the overall people from investing by banning advertising and some big corporations like Netflix sometimes also try and exert some positive influence according to them to try and make sure less people are motivated to buy it at a low price and loose a lot of money

But what they end up doing:
They have to understand that they end up preventing people from investing in the overall bitcoins at an absolute amazing price thus sooner or later they might regret their decision.

Whats better ?
People can choose for themselves and thus even if Netflix decides to ban something they can still be influenced to buy Bitcoins at other platforms, also highs and lows are a part of everything which we are seeing from 2009..