hey guys today I'm gonna cover the latest news how google decided to ban all cryptocurrency ads. how they followed the Facebook's footsteps. This actually means for cryptocurrency moving forward and the text space in general and moving into internet at 3.0 from internet 2.0 which we are in now.
Google said they're gonna ban all Cryptocurrency related advertisement just like Facebook did. Now there is not really much more to it they basically just said that they're gonna stop all ads related to everything related about crypto i.e ICO's wallets trading advice
So Facebook did this few months ago. I find it very interesting that google has followed suit and done the same. Google and Facebook on banning this ads are playing defensive approach to an industry that's looking to dis- interrupter their monopolistic strong hold over the Social Media World. The reason for this is because technology is surpassing them and what's happening here is that the models like Mark Zuckerberg has ran social media for like years now in the internet. they have not given any money back to the people that supply their site with all the revenue.
Sites like and other social media sites like google they use your information from how you browse on their website. whether you like page whether you searched for term on google all that information is stored and then used to advertise to you very directly, targeted to you're exact wants and needs. So a lot of people don't understand this, how they make money?
Well this is how they make money, the value in their platform comes from our information. so with the new cryptocurrency technology i.e., BlockChain and small contrast basically a decentralized Internet is a big threat to these organizations. It is not as much cryptocurrency as decentralization because if u have google search engine decentralized. now the thing is that Google is private company, they were being brought up on charges from individuals saying that in last US election that google actually promoting pro decimal credit search results over pro publican search results. This thing even went to court, and it was proven that Google is a private company so it can do that. It's not fair the results, its a private company and they have the right to do whatever they want.
The thing is that in the internet 3.0 which is the next generation of internet. The internet 3.0 is were we transitioning into now going to have a lot things that is really going to interrupt google and Facebook strong holder.
As we know Facebook makes tons of money, google makes tons of money by the ads $100 million a day, their advertising traffic, and that's because of the information that they harvest from you. Every time you go on google and search for something you give them information about yourself and what you're looking for and that makes them money.
There is a project called BitClave. It is a decentralized engine, it's basically google. so you have to just search on this engine and they will reward you for the ads taht you're seeing and your information isn't going to harvested. Its just going to be a decentralized censorship resistant fair.
Right now the private company like google can show you what ever they want , there is nothing to stop them from that.
Another project I saw was BasicAttentionToken, it's basically Facebook and google together. This is a unique project because the founder of the project is Brendan Eich who is the original founder of Mozilla and Firefox. BasicAttentionToken is internet free web browser, essentially it's the same idea as Bitcave except its not a search engine it's a web browser. As you browse the Internet the ads you're seeing inside will be paid for but you earned money back of those ads because it's puting back the power in peoples hands .
In the internet 2.0 our value just go straight to Facebook revenue stream or goes to google revenue's stream. We don't get any type of return for that . Well our information is used to earn them money. The user that actually makes them all the money gets nothing in return. There is no value beside the platform that you'll be using. These platform in internet 3.0 with the BlockChain technology with the decentralized aspects they are looking to give back the value in the hands of the people. this is really disruptive because Facebook and google makes all of their money by harvesting you're data.
So the thing is that if you'll have this type of platforms come up, internet 3.0 that are using smart contracts and decentralization and it's not allowing for google to harvest every information not allowing Facebook to harvest information and its dispersing money back to the people instead of funding all 100% of the revenue up to the top.
The ban is basically a defence mechanism to stop promoting any type of Internet 3.0 blockchain smart contract decentralisation type of plstform that is pottentially going to become a threat for them down the line.