In 2023, advertising budgets for cryptocurrency brands shrank to almost nothing | Hacker News Reader

In 2023, advertising budgets for cryptocurrency brands shrank to almost nothing

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39 pointsatominte17 comments

Why do we allow advertising for unregistered securities, scams, ponzis, and unregulated exchanges?

For the same reason we allow it for politics, propaganda, and products that kill people. Money.

The problem is not the advertisements. It's advertising.

How much to install a billboard on the wall of your building? Simply give a number.

Britain introduced rules last year, and is tightening them further this year, bringing cryptocurrency adverts into line with other financial products.

You see warnings that investments might go down as well as up, mandated text on all these ads.

The USA has a very absolutist view on free speech though. Are there any restrictions on advertising?

https://www.reuters.com/technology/uk-watchdog-warns-crypto-...

> Are there any restrictions on advertising

Cigarette ads were banned, that's one example.

I have a couple of crypto apps on my phone - coinbase as well as some crypto adjacent banks etc that sell bitcoin. When crypto is going up I get "ShitCoin is up 20% the last 24 hours" - when they go down, I dont get any push notifications.

Just in time for "web4"/AI. Get ready to be barraged by these startups instead over the next year as the hype train moves on.

Nine out of ten of the top three producthunt launches in the last few weeks have AI in the title in some way.

Do you think the ChatGPT clones and spin offs will be ready to rumble by next Superbowl? Or will it take a couple of years? I can just imagine ads trying to lure people to talk to this bot or that bot just because.

Being "ready" is never a requirement. It's about how much money they can raise and what ads they can produce.

ChatGPT or OpenAI will undoubtedly do so; it is a real technology, not a waste of cpu/gpu time to support blockchain and cryptocurrency trading for nothing. Clones : Not sure, and I'm not sure that AI in the titles is more than just hype words. But AI is hot, true.

https://archive.ph/ZnUsE

Well when there are fewer new entrants to the Ponzi when the unsustainable APRs didn’t own out, I imagine revenue is quite low.

Yet I've seen this Texan guy seek web3 devs offering 300k / year.

Something doesn't add up.

Oh, well, if one guy in Texas still believes...

It’s hard to find people to work on legacy tech like web3 when everyone wants to work on web4, the next big thing.

Good.

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