Are there negative SEO implications from using display=`none` to hide content?

Selected answers from the Dumb SEO Questions Facebook & G+ community.

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  Arseniy Bolotsko: Using display="none;" to hide small portions of content (post excepts and etc.) when rendering responsive design for mobile devices. Are there negative SEO implications?
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  Edwin Jonk: No
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  Frank Ludriks: As long as you present the same content to Google's mobile bot as you do to other mobile users, you won't be penalized (if that's what you mean)
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  Edwin Jonk: The OP is talking about responsive design [1]. However it is okay to serve mobile users a different site then desktop users. Besides responsive design design you can use a dedicated site (m-dot site) or dynamic HTML on the same URL. For both you can sniff the user agent and serve the correct site. This sniffing includes Googlebot and Googlebot Mobile [2]. This will not get you penalized.
  
  [1] ;http://googlewebmastercentral.blogspot.nl/2012/04/responsive-design-harnessing-power-of.html
  [2] ;https://developers.google.com/webmasters/smartphone-sites/details
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  Arseniy Bolotsko: +Edwin Jonk ;Thanks.
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  Edwin Jonk: It is quite an old post but I did had the same question: ;
  https://plus.google.com/115968564928707155219/posts/TzuoHoaVWqL
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  Lori Eldridge: I think it was Matt Cutts (google engineer) that said if you set up the main site with a canonical tag then it won't be affected by what's on the mobile version.
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  Edwin Jonk: From the expert panel in this weeks SEO Questions hangout on air on 00:50:51 into the YouTube video: https://dumbseoquestions.com/q/are_there_negative_seo_implications_from_using_displaynone_to_hide_content +Arseniy Bolotsko
  
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