- Cryptocurrency is creating flashings in newspapers and on social media.
- YouTube suddenly began deleting several cryptocurrency videos on Dec.23.
- YouTube ranked as the second most popular social media platform.
Cryptocurrency is creating flashings in newspapers and on social media. Controversies have brought that YouTube, one of the most popular social media platforms for video sharing, signals intent by clamping down Cryptocurrency related content of top industry influencers.
Also, news has arrived according to Twitter and Reddit threads. YouTube suddenly began deleting several cryptocurrency videos on Dec.23. YouTuber is the one that creates or sticks an image of everything in the minds of people through their videos.
They try to dissipate the subscribers; one of such famous YouTuber Chris Dunn shared on his twitter that the platform had removed his videos that mentioned cryptocurrencies. Chris Dunn then aggressively tweeted about the mishaps and damage happened with his videos thereby reducing his subscribers without notifying him and concluding those videos as harmful and dangerous; he remarked it had been ten years of hard work that all went in one vain.
Apart from Dunn host of Crypto Beadles; Robert Beadles was also being affected on the eve of Christmas. Now the question arises- Why YouTube is banning crypto-related content? Even the video giant, a google subsidiary did not respond to cointelegraph’s request; there might be a lack of communication from YouTube that has left influencers to speculate on the reason for the sudden crackdown.
As the list of affected users was updated, Bham tweeted that it seems YouTube is deleting crypto channels with links to external websites or exchanges in video descriptions, but this is just an assumption, this can prove by the fact that YouTuber Rachel Siegel manages crypto finally and not been affected by YouTube’s ban.
Also, TheMoonCarl tweeted that Bitcoin is undoubtedly harmful to banks, but banning is just ridiculous. Although several YouTubers have sent appeals, their appeals rejected with no apparent reason as to why video directly violated guidance.
YouTube ranked as the second most popular social media platform. Regarding this blockchain-based social media are proving to be appealing to the crypto community. Apart from this, monetization is also a critical aspect of many YouTubers.
Changpeng Zhao, the founder of CEO of Cryptocurrency commenting on youtube’s clampdown, said that crypto-community need to face many challenges through spam, economics, governance, privacy, but it is all about time! We need alternatives to youtube, cities another Cryptocurrency influencer founder of ethereum, Vitalik Buterin said on Wednesday while commenting on Youtube’s Anti Crypto Policy.
Christian Peel, the Cryptocurrency content creator, tagged Vitalik butter in his recent tweet and alleged that his video with vital buterin in 2016 at coinbase where they were discussing ethereum’s roadmap is “harmful or dangerous content,” and he has appealed. With this Anti-Crypto step by Youtube landed in warm waters, cryptoverse is now looking for a decentralized and sponsorship-resistant social media platform.