Decentralised Alternatives for Cryptocurrency Enthusiasts
Following the censoring of cryptocurrency-related content on YouTube, a lot of crypto fans have recently been forced to seek out other decentralized alternatives.
Over the last few months, YouTube has deleted and banned a number of cryptocurrency-related YouTube channels. The Google-owned video-sharing platform in recent times reviewed its policy and decided to implement this strategy.
Google had made its intent known for years and finally decided to act on it on December 24, 2019. A large amount of cryptocurrency content was flagged as “harmful” and “dangerous” and removed from public viewing.
Although already aware that something like this may happen, a number of YouTubers were still surprised at the platform’s actions.
With time, some of their videos were restored. However, this ban has driven many cryptocurrency enthusiasts over the edge to look for alternative platforms that will allow them to continue sharing their content without risk of it being removed.
Here are some of the decentralized alternatives available for video sharing that cryptocurrency fans have increasingly been using:
BitTube has now been around for over two years. Launched in 2018, this video sharing platform enables its users to override censorship. This is made possible by the InterPlanetary File System (IPFS).
As an entertainment option, BitTube appears to be a great alternative. It provides the opportunity for live streams, gaming in groups, and a lot of other juicy options.
BitTube also features an innovative reward system where both creators and viewers alike are rewarded various privacy tokens based on their online time.
DTube, like BitTube, is built on the STEEM blockchain and the InterPlanetary File System (IPFS). It was dubbed the first crypto-decentralized video-sharing platform.
The platform features a reward system that allows users to receive DTC tokens. This enables viewers and content creators to share in advertising revenue. Cryptocurrency lovers looking to migrate to the platform will also enjoy its resistance to censorship features.
This community features a blockchain protocol that’s controlled by the users. It also enables the users to mine LBRY credits. Users can then send these credits as tips to other creators.
Many cryptocurrency enthusiasts have also migrated to Bitchute. Unlike some of the other platform alternatives, the content it hosts is mostly political. However, it’s important to note that Bitchute can also remove content so it is not exactly the best option for crypto fans.
Although there are various video-sharing platform alternatives available, cryptocurrency enthusiasts are still looking to stand up to Google for censoring crypto-related content.
The ‘crypto community’ began a petition in the first weeks of March. This petition was tagged #ForkGoogle.
#ForkGoogle points an accusatory finger at Google for pushing campaigns to suppress Bitcoin and the blockchain industry for years.
The petition campaign calls on the cryptocurrency community and enthusiasts to boycott Google’s services in general and to embrace other decentralized alternatives.
The question remains whether all of the cryptocurrency YouTubers are going to migrate to the decentralized platforms. Because as much as there are clear alternative options, the content creators recognize that YouTube is still by far the most viewed and therefore powerful platform for sharing video content.
Perhaps their #ForkGoogle petition will make the sharing outfit, YouTube, change its mind.
Only time will tell.