Video platform YouTube is restricting and even deleting cryptocurrency videos. In addition the video platform is even removing entire channels. A variety of creators have seen their content banned because it’s ‘harmful or dangerous’ and because it promotes ‘the sale of regulated goods’. YouTube hasn’t commented yet on their actions and questions from the crypto community.
Chris Dunn is a crypto influencer with over 200 thousand followers in YouTube. His channel has accumulated over 7 million views over the past ten years. Dunn reported that most of his crypto videos have been removed. Other channels like BTC Sessions and Chico Crypto have had the same problem with one or more videos.
YouTube hasn’t announced any changes to its content policy. However, it’s likely that an individual or a group of individuals have been reporting video content from several channels. Chico Crypto believes it’s an organized group on Telegram.
Bad relationship YouTube and crypto
This is not the first time that YouTube moves away from cryptocurrencies. Last year both Google and Facebook refused the run advertisements for cryptocurrency projects. The companies later revoked the block, even though this only happened partially.
On top of that Facebook has recently been hit by many scam advertisements, using images from local celebrities without any form of approval. At the same time crypto-related advertisements on YouTube are most of the time from self-acknowledged top tier traders who promise lambos and yachts, when people sign up for their online trading course.
To add a personal note: Take a look at the screenshot at the article. These video creators are promising ‘huge consistent gains’, ‘a simple method to make $100 a day’ and a ‘big breakout’. All these are click bait and empty promises. From that perspective, can’t blame YouTube for blocking these ads and even removing video content.
Blockchain alternatives for YouTube
If YouTube is really banning cryptocurrency content or crypto trading content specifically, content creators can always move to blockchain-powered video platforms. DLive is a growing streaming platform, while BitTubers could be an alternative for uploading videos. LBRY also has a blockchain-powered video platform, where third parties are never able to censor content.
Other names worth mentioning are Livepeer, BLive – which is part of BitTorrent – and Theta. The earlier mentioned DLive and Theta are even collaborating in order to have the technical foundation to create growth for DLive.
In general there’s a strong move towards decentralized solutions for social media. EOS developer Block.One is working on a social media platform that has the ambition to kick Facebook in the balls. They bought the domain name Voice.com for a record amount of money, and are planning to launching a beta test next year. In addition Twitter is funding a new development team called BlueSky. It’s their job to create a decentralized social media standard.
Also published on Medium.