YouTubers Going into Hiding Mode as Attack on Crypto Continues
YouTube has continued the attack against crypto-related videos, and the events in the past two days have made some content creators hide their videos, or just abandoned crypto content altogether. Others are calling for a YouTube boycott.
As previously reported, the Google-owned American video-sharing giant has been restricting some crypto-related videos. Many more people based in different countries are alleging that one or more of their videos have been removed and that they've received strikes, though they claim they haven't breached the community guidelines or updated terms of service. Crypto exchange Binance started a Twitter thread for people to link such channels and YouTuber Omar Bham (Crypt0) shared a list of the channels allegedly affected.
Now, Boxmining (196,000 subscribers) and DataDash (328,000 subscribers) channels, for example, show no content, as the creators have set their videos to private. Ivan on Tech channel (211,000 subscribers) also states that the videos are private. Nicholas Merten (he runs DataDash) said he set his videos private "to avoid another unjustified strike." He too got 'harmful content' as the reason. Meanwhile, Cyber MacGyver posted on Reddit that, after receiving a strike recorded as violation and seeing his video removed with no explanation except 'Inappropriate Content,' he deleted all of his Bitcoin videos.
Some people think, however, that hiding the videos won't help.
Discussions continue as to why this is happening, and without a proper warning or explanation, with many more suggesting this may be a result of targeted mass reporting. Bham writes that "It seems that a reason why YouTube would have to go after crypto channels is any links to external websites/exchanges in video descriptions." Others speculate that this might be connected to COPPA (Children's Online Privacy Protection), while Jake Chervinsky, General Counsel at Compound Finance, wondered "if there's some other regulatory issue here (e.g., related to trading), or if YouTube is hitting false positives on appropriate content."
Mati Greenspan, Founder of QuantumEconomics.io, also commented on the situation, finding it weird, but systematic, and saying he's boycotting YouTube. "My guess is that whatever they've done on the front end by removing videos, likely pales in comparison to the back-end updates to the algos and how people find crypto content on the platform," he said.
As reported, many are calling for an alternative platform to be established, or for an existing one to be used. Binance CEO, Changpenz Zhao, writes: "It may be time the crypto community take a stab at its own blockchain-enabled sensorship-resistent social media platform."
But opinions still greatly differ. For example, Ran NeuNer, CEO of Onchain Capital, a crypto investment and advisory business, says: "YouTube deleting all Crypto content is a MASSIVE blow to the industry. YouTube is the go to place for educational video and the first port of call for new people entering the eco system to learn the basics. As a community we should challenge this formally."
YouTube did not respond to our request for comment.