The largest video hosting YouTube commented on the ongoing several-day blocking of content related to cryptocurrency topics.
Finally an official response from YouTube! Good news!
However, I’ve learnt a valuable lesson, not to trust or be too dependent on a central authority.
I will try to “decentralize” my audience from now on!
This “mistake” created some serious issues for us YouTubers. https://t.co/Xhcvv6a1UP
— The Moon (@themooncarl) December 26, 2019
According to service representatives, the reason for removing the videos was an error in the moderation of the content. They promised to unlock the video.
The Moon user later confirmed that its content was restored, but emphasized that the credibility of the service was lost.
In turn, other youtumers have also expressed interest in switching to decentralized distribution platforms for video content.
CEO Binance Changpeng Zhao drew attention to the problem. He said that the situation with YouTube will entail the emergence of new platforms with more freedom.
Previously, YouTube removed videos from more than 30 bloggers about cryptocurrencies, ranking them as dangerous content. The video of Ethereum creator Vitalik Buterin “Questions and Answers about the Ethereum Roadmap” from the 2016 Coinbase Conference was censored as well, and his service was marked as containing “goods whose turnover is regulated by special laws”.
It is noteworthy that at the same time, fraudulent videos advertising the free distribution of cryptocurrencies not only did not undergo moderation, but also turned out to be among the recommended services.