According to Search Engine Land, Google
Christopher Jaszczynski
MM CRYPTOJaszczynski adds, “I noticed that in June and December 2019 the YouTube purge was happening through strikes, which prevented us from uploading our bitcoin technical analysis videos. ‘Shadow-banning’ however is more of a stealth approach. It limits the reach of YouTube videos, and as a result, this significantly decreases the number of views that we receive.”
Google says, “Later today, we are releasing a broad core algorithm update, as we do several times per year. It is called the May 2020 Core Update. Our guidance about such updates remains as we’ve covered before.”
Reports flood in
“Besides our MMCrypto Channel, also the channels DavinciJ15, The Moon, Ivan on Tech, Sunny Decree, Altcoin Daily, and many other channels have been affected. They reported a decline in views after a few hours after publishing, which is exactly what we’re experiencing here at MM Crypto,” says Jaszczynski.
But Google’s update is not limited to crypto YouTuber’s, it has also hit some crypto news outlets as well. Carl Runefelt, YouTuber and founder of The Moon AB says, “This latest development regarding YouTube censorship against bitcoin-videos is very alarming. Youtube is now clearly deliberately limiting the reach of my videos when I put the word bitcoin in the title.”
Runefelt adds, “I've never seen this before on my channel, and now it is happening to all of the biggest YouTubers in the bitcoin space simultaneously in the past few days. After three hours of uploading the video, suddenly the views drop by 90%, and it can not be seen in search results. Also, some of my 100,000 subscribers have reported that my videos are no longer getting recommended to them.”
Runefelt further goes on to say that, “As I mentioned previously this does not only affect YouTube. Also U.Today had a significant decline in Google search traffic yesterday. CEO Eliah told me personally that ‘We have a notable loss of traffic and lower positions in Google news with each category. We’re trying to count exact numbers at the moment. We also have noticed the same situations with other crypto news websites but they haven’t revealed data yet.’“
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The impact on crypto
Jaszczynski says, “Well the beauty about bitcoin is that it is non-confiscatable and censorship-resistant. We truly believe that education should be as well. Right now we are facing an unprecedented crisis, with record-high unemployment claims and expected GDP declines of 10% in some countries. We expect a severe crisis to come.”
Education is important. “People have to be educated about things like gold and bitcoin to secure their wealth. Central banks are printing more money than ever and if this continues we might see hyperinflation evolving in a few years. If people are not prepared the lower and middle class will be hit the hardest. We really want to educate people on monetary policy, financial markets, on-chain analysis, and bitcoin. That's why we need independent media covering these things,” says Jaszczynski.
A potential YouTube boycott on the horizon?
When asked about what Jaszczynski would do if Google continues to block and shadowban crypto content, Jaszczynski remarks, “We are right now decentralizing our audience. Besides our Main YouTube Channel, we have another german Channel MMCrypto DE, Telegram Channels with more than 15’000 members, and also our Twitter account MMCrypto. Furthermore, we will open accounts on decentralized streaming platforms.”
Whilst, Jaszczynski is content using YouTube, if Google continues crypto censorship, he may not be given a choice to move on and use another platform. If that is the case, then it is likely that others may follow suit.
An auspicious time for censorship
Google’s alleged crypto censorship comes at an auspicious time. Right now, bitcoin is about to enter its third halving, an event that has historically seen bitcoin reach all-time new highs. Jaszczynski says, “One important thing to note is that this third bitcoin and crypto purge is happening at a very interesting timing. The bitcoin halving is going to go down in 4 days.”
“The future inflation of bitcoin is going to be cut in half. Long term this is a very powerful mechanism and shows how bitcoin is a deflationary asset that potentially protects people from holding it long term against the loss of purchasing power caused by the central banks’ quantitative easing. We hope this censorship stops and we will be able to educate people on these crucial facts.”
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