Josh Sigurdson talks with author and economic analyst John Sneisen about the massive demonetization move by YouTube in recent days following a controversial video by Logan Paul on the platform.
Basically, one guy with millions of subscribers makes a really dumb video. YouTube then uses that as an excuse to pull the rug out from underneath millions of people and stop them from monetizing their videos and making custom thumbnails, both of which are extremely important.
The rules play out like this… If you have less than 1000 subscribers, or less than 4000 hours of total watch time on your videos, you cannot monetize and you will not be able to use custom thumbnails.
This is a direct attack on independent media especially, and basically anyone attempting to get anywhere on YouTube because it cuts down the possibility of people growing on the platform by about 90%.
This demonetization process has been happening for a long time. Any excuse they can use, they certainly will use. Google has gotten billions of dollars in subsidies from the government. It is not a private business at this point, it’s a government monopoly on information. The advertisers also have very little say in this. It’s basically left up to a certain organization that we cannot mention in the description without facing consequences ourselves.
But let’s remember the process of decentralization.
People moved from the telegraph office to the telephone with an operator. From the telephone with an operator to a phone without the need for an operator. From the news paper to the television and radio. From the mainstream media to social media. From centralized social medias to Steemit and DTube. THAT’S the answer to this problem. A REAL free market alternative.
Steemit and DTube are decentralized platforms on the blockchain. You get paid in the Steem cryptocurrency which you can then trade into other cryptos or cash if you wish. It’s a massive innovation.
People from all realms of life are flocking to the platform. The worst thing that can happen is that you post what you would on Facebook or YouTube anyways only to make a few dollars. The best thing that can happen is that you can make hundreds of thousands of dollars. What are people waiting for? It’s always about what’s next in technology.
Stay tuned as we continue to cover this issue and provide more solutions in the coming months with a huge contest which we will announce soon.