With the internet being controlled by tech giants like Facebook and Google, a lot of data is being censored by the policies devised by these companies. While censorship is needed to filter out harmful content, it has been adversely affecting the crypto industry.
Yes, there have been multiple events where cryptocurrencies have been used as a tool to facilitate various crimes, but the technology in itself is completely harmless. Rather, blockchain and cryptocurrencies have been playing a pivotal role in transforming modern-day industries for the better.
One of the key reasons why this notion about cryptocurrencies persists is the fact that modern-day pop-culture has tied cryptocurrencies to the dark web, and portrayed it as something that is used solely by criminals. This, in return, has scarred the reputation of the entire industry and hence, Internet Tech giants like Facebook and Google have always had a strenuous relationship with Crypto.
YouTube censorship saga continues
While the purge of crypto-related material across some of the bigger centralized internet companies is nothing new, reports now state that YouTube yet again sprang into action as it blocked and deleted a live-stream hosted by crypto media outlet Cointelegraph, citing ‘Harmful content.’
The crypto media platform had planned a seven-hour long stream covering the highly anticipated Bitcoin reward halving event. Sadly, YouTube interfered and the stream was blocked and deleted six hours and minutes into the program. The live stream had over 2000 viewers watching.
As per screenshots shared by Cointelegraph, the platform has warned the media outlet that streaming of similar content in the future would result in a ‘community guidelines strike’ and a complete ban on features like uploading, posting, and live streaming.
As of now, Cointelegraph has appealed the decision.
This isn’t the first time for Cointelegraph. Previously, Cointelegraph was one of the victims that saw its android application getting removed from the play store. According to reports, Google play seemed to have removed crypto news sites, including Cointelegraph and CoinDesk.
YouTube’s algorithm is broken?
Last year, YouTube went on to remove hundreds of cryptocurrency-related videos starting December 23. The platform went on giving out warnings and “strikes,” which prevented content creators from producing new content. The incident was reported by several crypto content creators who claimed that their videos were being removed citing “harmful or dangerous content.”
However, YouTube later withdrew the strikes and the videos were restored. It added that the purge was an “error” on its part.
Rise of Decentralized social platforms
The constant hindrance encountered by crypto-based content creators and the industry as a whole has done a great job in showcasing the perfect example of the effects of a central point of authority. Decentralized social media platforms are now on the rise as content creators are now expressing their interests about moving on to decentralized content sharing platforms.
Some of the popular blockchain-based decentralised alternatives to YouTube are Bittube and LBRY. These platforms are community-controlled and creators are entitled to monetise their content without having to pay a third party. Some even allow tipping, to support your favourite creators.
Being centred on the idea of a permissionless ecosystem that’d allow anyone to connect and utilize the benefits of blockchain technology, the crypto industry has gained a lot of momentum over the last few years. However, severe and unfair censorship has been a major hurdle on the road to mass adoption. The only solution is to boycott centralized systems one step at a time and transfer the power back to the people.