YouTube Deletes Crypto Content! YouTube Deletes Crypto Content from crypto influencers – the news broke on December 23rd when Reddit and Twitter lit up with comments in the cryptosphere about YouTube deleting content.
Chris Dunn has over 210,000 subscribers to his channel and he noticed on Monday that the platform had deleted all of his videos that mentioned cryptocurrency.
Robert Beadles, host of Crypto Beadles, with over 89.3 thousand subscribers, tweeted that YouTube had shut him down temporarily. This happened on Christmas Eve. He’s one of the lucky ones – he’s gotten his page back, but others haven’t been so lucky.
YouTube hasn’t announced why they are banning crypto-related content – nor has Google, its parent company, responded.
Speculation is rampant as to the reason for the sudden crackdown. For now, it seems like YouTube is deleting Crypto channels with links to external websites or exchanges listed in video descriptions.
@TheMoonCarl recently tweeted “The YouTube purge has now reached my channel! One video from 27th of January 2019 “broke the rules” because it was “harmful and dangerous content”.
The big question to rise from this debacle is this: is there a platform that people can use without fear of censorship? Blockchain-based social media platforms are increasingly becoming more and more popular among the crypto community. For example, LBRY is a sharing platform that uses blockchain technology to allow users to publish content and get paid.
Monetization is a critical aspect as to why YouTube is so dominant and popular with content creators. Statistics show that a number of YouTube channels generate six figures each year – an amount that is increasing by 40% every year.
Changpeng Zhao, the founder and CEO of cryptocurrency exchange Binance, chimed in on Twitter about the dilemma saying: “It may be time the crypto community take a stab at its own blockchain-enabled sensorship(censorship)-resistant social media platform. Lots of challenges though, spam, scam, trolls, incentives, copyright, token economics, governance, stickiness, privacy… but it’s about time!”
What do you think? Do you use a decentralized social media platform?
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