Possibly benefits of these bans:
- Reduction of scammy ICOs
- Reduction of paid phishing scam site ads on Google
- Increase in bounty pay for social media sites
- increase in quality crypto related content, products and services
I've got a question here, as I keep seeing similar threads related to the doom and gloom on this news. I may be the minority, but I think it's a good thing to add some regulation, albeit a strong regulation to start. The benefits you listed are not only 'possible', but certainly probably. You noted that this is really a technology and investment type still in its infancy stage. It's therefore very important to add some structure to this and protect the newcomers from the 'vultures' that are trying to scam people.
Now, Devil's advocate is of course that most people who may be scammed, are likely being scammed because they aren't doing their research and simply trying to make a quick buck. However, I'd argue that those of us here for the long run, and whom are actually interested in blockchain technology as a whole, and the benefits it can provide, are only going to be hampered by being getting burned - even if they 'have it coming'.
My question here, is what do you think the possible detriments of the blocking of ads? Did you enjoy having your Facebook/Twitter being swarmed with New ICOs ads that are a dime a dozen? Did anyone ever actually click on these that was really interested in the tech? Honestly, this type of ad, to me, is simply malicious phishing and I think the industry as a whole will benefit from tighter regulations.
Bounties will find themselves in a similar position, you'll have way less shill accounts spreading the word, but those that do continue to spread the word, will be people with merit or weight in the community. Keep in mind that there is no ban against individual users Tweeting out support for specific ICOs.
just my 2 cents