A popular video sharing platform, Youtube reportedly removes most of the crypto videos from several Youtube channels citing “harmful or dangerous content and sale of regulated goods”.

The Youtube channel is owned by Chris Dunn who is the founder and Venture Partner at early-stage tech VC firm, NextGenV. Tweeting on December 24, Chris said he has been around 10 years making videos and has owned 200k subscribers with over 7 Million views. He bashed YouTube by noting “WTF are you guys doing?”.

Previously, Google and Facebook have been on top bulletins on restricting crypto-related content and now Google-owned video mogul is restricting and even deleting crypto-related videos – a similar report has been claimed by several crypto influencers. Besides Chris, another popular channel dubbed “BTC-Sessions” claimed that Youtube has removed a three-year-old video for the same reason. However, the nub of the argument is that the giant hasn’t informed the removal of crypto-related videos in advance.

Undoubtedly, YouTube has grown as the hub for content creators for almost every industry and for this reason; Youtube has arguably won a near-monopoly. The similar concern was echoed by a well-known trader Willy Woo who went on to say;

Centralized control of other people’s content should be regulated. Youtube should be regulated. Start a petition and see how they like that. 

Furthermore, Chico Crypto, a Twitter user reported the similar issue on Twitter but arguably said that “not a single one of these videos violates the community guidelines”. All such videos have now been removed and even Chico Crypto has banned from YouTube for a week.

So the core of the matter is still hidden as YouTube hasn’t officially announced anything yet on this regard but the same issues facing by three major YouTube channel has depressed the crypto community – they even doubt YouTube’s forthcoming guidelines concerning the crypto industry.

On the other hand, Chico Crypto’s screenshot said that the removal and ban is a result of constant attack by a group mass-flagging the videos as the YouTube points action as “Appeal submitted”.

Meantime, community members are promoting the new decentralized-oriented video sharing platforms as an alternative to YouTube – 3Speak.online, DTube, Uptrennd, storyfireapp to name a few.

Image Source – Flickr 

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