Google Drops All E-gold Ads! (Adwords)
“HYIPs have doomed us all”….is the quote from the e-gold list. The digital currency HYIP ponzi schemes are causing grief for legitimate e-gold users. Today Google has taken the bold step to prevent any future Adwords advertising which includes e-gold.
This is the e-mail letter from Google today.
Dear AdWords Advertiser,
We are writing to inform you of a change to Google’s advertising policies that may affect your AdWords account.
In the coming weeks, we will no longer accept AdWords ads that promote e-gold.
Ads and websites are also not accepted for related content which includes, but is not limited to, e-gold exchange, e-gold investment, and e-gold accounts.
When we make this change, Google will suspend all ads identified as being in violation of this policy. If your account is affected by this policy change, please remove any e-gold content from your ad text and website. Current e-gold advertisers are encouraged to instead advertise other products or services that comply with our policies.
As a business, Google must make decisions regarding the advertising that we accept. We apologize for any inconvenience this policy change may cause you.
Sincerely,
The Google AdWords Team
** As noted in our advertising Terms and Conditions, Google may refuse any ads or terminate ad campaigns at any time, for any reason. Please note that the decisions we make concerning advertising in no way affect the search results we deliver. Google offers broad access to content across the web without censoring search results.
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e-gold is in my opinion one of the most exciting creations ever thought up for online commerce. I’m sorry to see it getting pulled down by these HYIP crooks. Its about time for a big policy change at e-gold I think. Let’s see some positive mainstream changes so we can all continue to use your great invention for legitimate business. I’ve written about this issue several times before:
HYIP/e-gold ‘Ads by Google’ Facilitate Online Investment Scams
Unlicensed Internet Financial Services?
*as copied from the e-gold list. Thanks to Amr for posting it.
Yes they have. They are the main reason easyDNS no longer accepts e-gold payments. How much difference did it make to our top line? Zilch. Our bottom line? Quite a bit of upside there when you factor in the DoS attacks we didn’t get after the decision to ditch e-gold and to actively
screen out HYIP domains.
So you want DGCs to achieve critical mass? Then you had better self-regulate your DGC, otherwise for the mainstream merchants there is negligible upside and a whole pile of unwarranted RISK.
James Turk’s over zealous approach to goldmoney is the way to go, everyone who thinks differently is living in a dream world. Anybody who thinks moves like Google’s are “fascist” and anti-free-market can go right ahead and fill that void: corner the market that caters to the criminal underworld, you’re welcome to it.
E-gold has brought this on itself and has effectively eliminated itself as a serious contender in bringing a DGC to the market as a viable medium.
(list member dgcchat@dgcchat.com)
(reposted here)
Have you verified that this is so? I haven’t found any information about his change in policy by google anywhere inside google itself.
It was reported to me today by the receiver of the letter:
This is an “upcoming” new policy, You may contact Google AdWords Support to be sure.
I am waiting to hear back now from Google.
Mark
That’s exactly the same answer I got in the e-gold talk mailing list. The only places I’ve seen the information is in the Talkgold forum and in the e-gold mailing list.
This is sure interesting
Google is really killing theirselves. E-Gold has nothing to do with all the scams being advertised on Google at all. There are legit businesses like my publishing business that accepts E-Gold. This would hurt the innocent more than stopping the scams. The scams would use any other payment processors instead of E-Gold to advertise on Google, Yahoo and others.
bad news!
I believe Google is proving to be too controlled by outside sources and is so doing is reducing it usefulness more and more – buyer beware warning etc are all verywell – but if they are attempting to control information availability …. where can I get some reliable information on what is happening to e-gold.com legal action?
Google is “killing themselves” “too controlling” users are having these reactions but Google is a multi Billion dollar biz and a good one too. They can blink an eye and shut this stuff down. You can compare this event with the recent global uproar from filtering Chinese searches to accommodate the communist government. Global uproar and not a movement from Google, this ban is not even a blip on their radar!
It does hurt a lot of legit e-gold users, but the ponzi’s did it to us not Google. IMHO.
Mark
I think that Googles move to have their own payment system is behind this frankly.
Just found this out, that is very frustrating :/ It’s like saying people does scam(not e-gold), let’s ban all ads that promotes blogs or people communications. That really hurts plenty of businesses.