[2018-4-22]Crypto Ads Ban Is Temporary, According To LinkedIn's Co-Founder

[herminio]

Cointelegraph had a chance to talk to Eric Ly, Chinese-American investor and businessman and co-founder of LinkedIn, where for years he also served as founding CTO.

In the beginning of his career Eric held technical positions at prominent companies such as Steve Job’s NeXT, IBM or General Magic, before co-founding LinkedIn with his Stanford classmate and other colleagues in 2002. There, among other things, Eric was responsible for developing software integrations with software such as web browsers and Microsoft Outlook. Eric left LinkedIn in 2006 to develop his own projects.

Now Eric is launching a reputation system around the initial coin offering (ICO) ecosystem that aims to help people make trustful decisions while buying and selling something.

Source: https://cointelegraph.com/news/crypto-ads-ban-is-temporary-according-to-linkedins-co-founder

[Qartersa]

I see this ban to not last forever ever since it was announced. You know, this is business- yes, even politics is business. We are run by businesspersons no matter how hard it is to accept. Hence, being in a world run by them, know that there will always be changes along the way depending on how a circumstance or innovation like Bitcoin will give due advantage to them. Simply put, if the tables have changed causing Bitcoin to highly favor the business interests they are in, then most likely they would be all for Bitcoin. Now, if situations remain sour despite the good the innovation brought, then do not expect Bitcoin to be present and accepted for the time being. That is just it- it all boils down to business interest or whatever interest the Head of a State sets in.

[davis196]

No,the crypto Ad ban won`t be temporary.It will last forever,because:
1. Google,Facebook and Twitter are a part of the fiat money financial status quo.
2.They won`t let crypto advertisements,because it might create the new blockchain based social media,that will compete with them.Helping your competitors is the worst businerss decision ever.
Anyway,it`s good to know that the LinkedIn co-founder is involved into crypto projects.LinkedIn is the best social network.

[Kakmakr]

I think this whole social media ban on Crypto currency advertisements were started, because there were no regulatory framework to handle the scam ICOs. If the government could catch up with the technology and provide some kind of regulatory framework to manage this problem, then most of these organisations will reverse their original decisions.

They were backed into a corner by complaints from customers and there were no guidelines from governments to handle this issue, so they just implemented a blanket ban on everything. 

[BitHodler]

Who cares anyway. Legitimate services never really bothered to buy ad space to market themselves, because their reputation speaks for them which is the strongest possible form of marketing ever.

In most cases it's ICO's and altcoins and vague services looking to advertise themselves through social media platforms, where the far majority of the people don't ever click on these ads at all.

Can anyone active on various social media platforms tell me if they have seen the largest services in this ecosystem actually advertise themselves there? I am not that active, but till this day, I haven't seen one.

[1Referee]

They were backed into a corner by complaints from customers and there were no guidelines from governments to handle this issue, so they just implemented a blanket ban on everything. 

Don't put everything on the government. I know they do things wrong quite often, but what social media networks did has nothing to do with the government, but more with shitty multinationals threatening to cut off their billions in ad budget. Read this article, it might help clear things up a bit. In other words, it's more the fear of losing billions in ad revenue and potential legal troubles that made social media networks do so. People keep focusing on ICO's and stuff, but that's not even the problem, it's just the general aspect of crypto as a whole thing which they are looking to get rid of. It has also affected content creators on Youtube, so it's not strictly an attack against crypto. Times are changing, but in some cases not for the better unfortunately.

[CryptoBry]

I do believe that for whatever reasons and grounds they might have, eventually social media sites will soften up their blanket ban on cryptocurrency-related ads. Soon they will revisit this decision and come up with stringent rules allowing only projects which are already considered to be legit and those that got approval from regulatory bodies. These social sites are just waiting for the right time for this and for now they could never allow their names and reputations to be smeared by many scam projects...and this is something we have to understand.

[Sahyadri]

Over the time as the number of scam ICOs begin to decline, we might actually see these companies lifting these horrendous scams. Only a few bad fishes out of thousands have made these companies put a ban on all the activities. Even though it had taken a big hit on the entire market back then, the market has slowly creeped out of the shadows. Now all we got to see is how well the market responds once all the bans have been lifted. Will we see the 20k$ price again?

[richardsNY]

People keep focusing on ICO's and stuff, but that's not even the problem, it's just the general aspect of crypto as a whole thing which they are looking to get rid of. It has also affected content creators on Youtube, so it's not strictly an attack against crypto.

It's all because of how the media is bringing it. If something happens that involves a wider approach against that specific thing, and crypto is affected as well, then it's directly the media jumping on and highlighting crypto almost like it is the main reason it happened. The same happens with all the scams we are seeing pop up nowadays. It's not 'massive ponzi scheme busted', but 'massive crypto scam busted'. The media knows how to choose their titles and wording to attract the most clicks and views. As long as people pay attention to sites not caring about how they filter news, but only care about sensation and financial compensation, nothing will change.

[MoonJeina]

It certainly is temporary .  For how long will the biggest social media platform i.e facebook and the most established search engine i.e google will be able to resist the temptations of the crypto currency . This technology is spreading day by day , banning its ads would not help at all . There are so many people involved that they will act as a crypto ad themselves when they will tell about it to people . This is a global phenomena and for sure someday both google and facebook wil be forced and tempted to remove the baseless ad ban.