YouTube has restored videos of almost all crypto-related channels after removing them earlier this week.
Over 35 crypto-related channels have been reinstated, including Nugget’s News, DataDash, Ivan on Tech, Sunny Decree and Boxmining.
The Return of the Channels
“The removals were in error, we’ve reinstated all affected videos and removed any penalty to the channel,” a YouTube spokesperson said “There has been no change in our policies with regards to cryptocurrency.”
As reported earlier, the recently updated YouTube community guidelines caused a stir on the platform, causing its creators to protest en masse against the overly restrictive and secretive rules. The first ones that were hit by the new guidelines were conservative creators that dabble in politics but were closely followed by the pro-LGBTQ+ creators.
And while many other channels took a hit having their content either restricted or banned, few expected the new rules would roll over to the crypto-related content on the platform. Chris Dunn, a venture partner at NextGenVP and one of the most popular crypto creators on YouTube, said many of his videos were removed from the platform.
Alex Saunders, founder and CEO of Nugget’s News, tweeted: “We’re back! Still no contact from Youtube but the 250 removed videos & strikes have been revoked.”
It’s hard to say how many other YouTube creators also got their crypto-related content restricted or removed. The platform began enforcing the rules retroactively, which got one of the videos on the BTC Sessions YouTube channel removed.
Could Decentralized Platforms be the Next Thing?
The temporary purge encouraged several YouTubers to think about moving content to decentralized social media platforms. Omar Bham, for instance, tweeted earlier this week: “In case YouTube decides to delete my channel (or most of my videos), please follow me on LBRY.”
Binance CEO, Changpeng “CZ” Zhao, said platforms like YouTube are “destroying a lot of value for people” and it is time to “look at alternatives.”
“The demand to host decentralized videos will speed up progress of decentralized file systems,” CZ added.
What is YouTube?
YouTube is an American video-sharing platform headquartered in San Bruno, California. Three former PayPal employees—Chad Hurley, Steve Chen, and Jawed Karim—created the service in February 2005. Google bought the site in November 2006 for US$1.65 billion; YouTube now operates as one of Google’s subsidiaries.
YouTube allows users to upload, view, rate, share, add to playlists, report, comment on videos, and subscribe to other users. It offers a wide variety of user-generated and corporate media videos. Available content includes video clips, TV show clips, music videos, short and documentary films, audio recordings, movie trailers, live streams, and other content such as video blogging, short original videos, and educational videos.
Most content on YouTube is uploaded by individuals, but media corporations including CBS, the BBC, Vevo, and Hulu offer some of their material via YouTube as part of the YouTube partnership program. Unregistered users can only watch videos on the site, while registered users are permitted to upload an unlimited number of videos and add comments to videos.
Videos deemed potentially inappropriate are available only to registered users affirming themselves to be at least 18 years old.