Following YouTube has removed hundreds of crypto-related videos last week, crypto enthusiasts have started to look for substitute channels with some of them intending to boycott the American video-sharing platform.
In an attempt to figure out the reason why YouTube banned this huge number of materials, the founder of research group Quantum Economics noted that Google’s parent company has not explained the reasons led to this mass deletion.
“The first instinct that many had was that perhaps they’re trying to protect the consumer from scams,” Mati Greenspan wrote in a note via Twitter.
“However, this wouldn’t make much sense given that Google and Facebook have already had a crypto advertising ban last year that has long since been reversed, likely due to regulatory clarity in the U.S. where it was found that bitcoin and ethereum are neither securities nor scams.”
Greenspan added he is now “officially boycotting YouTube” due to what the crypto community has called the “YouTube purge”.
Chris Dunn, who runs an investment education channel with 200,000 subscribers and a multi-year video library, denounced the video-sharing platform as a great amount of content is still missing despite promises to reinstate all deleted videos.
He said most content creator, including himself, noticed that YouTube decides on the validity of any content based on its commercial viability to the search giant or its advertisers, citing the recent update of YouTube’s terms of services (ToS).
“YouTube may terminate your access, or your Google account’s access to all or part of the Service if YouTube believes, in its sole discretion, that provision of the Service to you is no longer commercially viable,” the ToS said.
After unveiling his intentions to abandon the video-sharing platform, Dunn said time has probably come to move his content to “decentralized platforms” in which there is no existence of commercial dominance over the broadcasted materials.
Last week, the internet giant attributed the mass deletion of cryptocurrency videos to an “error” and promised to reinstate all removed videos.