YouTube has recently suspended Bitcoin Magazine’s official channel during a live stream regarding Cash App integrating the Lightning Network, bitcoin mining in Kazakhstan, and other Bitcoin-related topics.
“Content that advocates unlawful activity or urges viewers to violate YouTube’s guidelines is not allowed on YouTube,” the site said, adding that exceptions may be made if a video depicts the material as instructional content rather than inciting others to mimic them.
After the Bitcoin media company filed an appeal, Google’s video platform reinstated Bitcoin Magazine’s YouTube channel in under an hour.
The reason for YouTube’s ban on Bitcoin Magazine’s channel is unknown. The live stream kept viewers up to date on recent Bitcoin news, such as the fact that money-transfer platform Cash App had begun rolling out Lightning integration to some users, the latest updates on the bitcoin mining industry in Kazakhstan following protests last week, and Block’s new push to develop next-generation bitcoin mining ASICs.
Following the ban, search results for live Bitcoin content yielded livestreams promoting dubious results with a sense of urgency characteristic of scamming activities, rather than the well-founded, carefully constructed informational and educational content streamed by Bitcoin Magazine’s now-banned YouTube channel.
The first search result promoted a scheme in which the viewer sends a certain amount of BTC to an address displayed on the screen, and the streamer allegedly sends back double the amount – a classic scam tactic used by scammers to steal money from unsuspecting people who will never see their BTC again. In an attempt to lend legitimacy, the video plays a Michael Saylor clip in the background, albeit it is evident that the broadcast is not being produced by his firm, MicroStrategy, as the channel name suggests. It should go without saying, but never send bitcoin to someone expecting to receive it back Because you won’t.