YouTube continues with its crackdown on crypto-related channels, mostly affecting educational videos, while so far failing to notice the scams hiding in plain sight. Curiously, the videos of Trevon James with plugs for HEX remain viable, while other channels have been hit hard.
At the same time, Bitcoin maximalist channels and general analysts see the move as outright attempt at censorship.
https://twitter.com/themooncarl/status/1210083805261897728
The YouTube crackdown continues, and has extended the previous censorship moves from Google and Facebook, which limited crypto advertising.
The CEO of Binance, Changpeng “CZ” Zhao, remains optimistic, and believes the censorship is a temporary setback.
https://twitter.com/cz_binance/status/1210009585848766464
For now, the crypto community is seeking alternative platforms. But beyond spreading the message, monetization is also an issue. For now, crypto channels manage to bypass the issue by directly receiving crypto payments as donations.
Mati Greenspan, former analyst at eToro and founder of Quantum Economics, has also spoken against the censorship. Despite not losing his platform, he has expressed readiness to keep boycotting YouTube.
https://twitter.com/MatiGreenspan/status/1209569895236689922
Most channels are switching their videos to private, to avoid the algorithm looking into too many videos and deciding to close the channel. Ivan on Tech, one of the most influential vloggers, has been affected, with other channels pulling their videos as well.
https://twitter.com/IvanOnTech/status/1209619797975191552
The alternatives include temporarily pulling content, while seeking another video platform. So far, there is no notice on which channels are affected. The censorship mechanism has worked even on things like explaining the Ethereum (ETH) protocol, as Vitalik Buterin noted.
https://twitter.com/VitalikButerin/status/1210028097996820481
Other channels banned include descriptions of mining and setting up equipment. It seems almost anything in crypto videos can be viewed as potentially offering a risky investment, although the content itself may be harmless.
The crypto community has the alternative of decentralized video platforms, but abandoning the visibility of YouTube may come as a blow to the sector.
