1 00:00:00.000 --> 00:00:03.960 Johny Fernandez: So, Coindesk TV, it was interesting couple of 2 00:00:03.960 --> 00:00:08.640 days for them. Last weekend or last week, they actually got 3 00:00:08.730 --> 00:00:12.480 shut down by YouTube. So for all you guys that don't know, 4 00:00:12.480 --> 00:00:18.360 Coindesk TV, they are specific online company TV broadcasts 5 00:00:18.360 --> 00:00:21.510 there that they specifically focus on things like 6 00:00:21.510 --> 00:00:25.860 cryptocurrency and Bitcoin. But on Thursday, they YouTube knock 7 00:00:25.860 --> 00:00:29.580 them out for breaching its policies. So Sean, I know we've 8 00:00:29.580 --> 00:00:33.030 been looking into this quite often into their website until 9 00:00:33.180 --> 00:00:37.710 the launch of their new 24 hour streaming service that pretty 10 00:00:37.710 --> 00:00:41.550 much through online and YouTube. So YouTube played a huge part in 11 00:00:41.580 --> 00:00:46.020 their, how they work how they function. So after reading a 12 00:00:46.020 --> 00:00:49.710 couple of things, it was pretty much a lot of their like, they 13 00:00:49.710 --> 00:00:53.940 pretty much breached YouTube's policy. And they didn't follow 14 00:00:53.970 --> 00:00:56.490 quote, unquote, like the rule is that YouTube had set out for 15 00:00:56.490 --> 00:01:00.360 them. So it's definitely quite interesting for sure to see how 16 00:01:00.360 --> 00:01:04.380 YouTube ended up just pretty much taking, wiping them out 17 00:01:04.380 --> 00:01:07.980 completely. And then like, now they're back in YouTube did give 18 00:01:07.980 --> 00:01:10.980 them the thumbs up to continue. But all the videos that they 19 00:01:10.980 --> 00:01:15.870 posted online, were taken down. And that is a huge part of their 20 00:01:15.870 --> 00:01:18.030 streaming service that the server. 21 00:01:18.390 --> 00:01:22.860 Sean Murray: Yeah. You know, it's I'm not shocked that that 22 00:01:22.860 --> 00:01:26.100 happened. It's something that we've thought about internally. 23 00:01:26.520 --> 00:01:29.250 Well, right now we're not even on YouTube. We're broadcasting 24 00:01:29.250 --> 00:01:31.680 on our own website, right, you'll be able to watch this 25 00:01:31.680 --> 00:01:34.740 video on deBanked Comm. We're not putting these videos on 26 00:01:34.740 --> 00:01:38.850 YouTube. And when we first came up with the idea for the 27 00:01:38.880 --> 00:01:41.730 livestream we're doing right now the videos we've been creating, 28 00:01:42.980 --> 00:01:46.160 people told me that you're making a mistake by not putting 29 00:01:46.160 --> 00:01:49.760 them on YouTube, or not having YouTube channel, we might have a 30 00:01:49.760 --> 00:01:52.490 few videos up on YouTube. But it's not like a full fledged 31 00:01:52.490 --> 00:01:54.800 channel, not something we've ever really paid much attention 32 00:01:54.800 --> 00:01:59.360 to. And that's truly intentional. I think over time, 33 00:01:59.360 --> 00:02:02.150 we're going to see that these platforms, they're going to 34 00:02:02.150 --> 00:02:08.690 exert control over the content. And you mentioned that they got 35 00:02:08.690 --> 00:02:11.540 in trouble for breaching the policy. It's my understanding 36 00:02:11.540 --> 00:02:15.380 that Coindesk didn't really know exactly what the breach was. And 37 00:02:15.380 --> 00:02:18.290 I was looking at that myself to something about like severe 38 00:02:18.290 --> 00:02:21.680 repeated breaches, right? They made it sound really extreme. 39 00:02:22.220 --> 00:02:25.910 When Coindesk, reported that their YouTube channel have been 40 00:02:25.910 --> 00:02:28.970 taken down, I actually went myself to try to access the 41 00:02:28.970 --> 00:02:31.790 channel. And it wasn't just like it said suspended, you wouldn't 42 00:02:31.790 --> 00:02:34.790 mean it or you couldn't watch the videos, the channel was 43 00:02:34.790 --> 00:02:40.070 completely deleted. There was a red bar that said, this user has 44 00:02:40.070 --> 00:02:44.270 been terminated. And I don't know how many videos that had. 45 00:02:44.270 --> 00:02:47.510 But they had about 23,000 subscribers. Yeah, all wiped 46 00:02:47.510 --> 00:02:51.020 out. All the video content that had gone now they've been around 47 00:02:51.020 --> 00:02:55.250 since 2013. That's eight years worth of content. Yeah, wiped 48 00:02:55.250 --> 00:03:02.180 out. And that's the risk you run. When you host your, your, 49 00:03:02.600 --> 00:03:06.230 your platform on someone else's platform. All of a sudden, it's 50 00:03:06.230 --> 00:03:09.200 their platform, they decide what they want on it. Now, I don't 51 00:03:09.200 --> 00:03:12.320 really know what what Coindesk, did they get in trouble? I might 52 00:03:12.320 --> 00:03:13.970 have something to do with what people were putting in the 53 00:03:13.970 --> 00:03:17.150 comments. That's what I that's what I saw alluded to, yeah, 54 00:03:17.150 --> 00:03:21.470 Twitter that people were advertising crypto scams in the 55 00:03:21.470 --> 00:03:25.520 comment section that apparently was on Coindesk to moderate that 56 00:03:25.520 --> 00:03:30.260 on their own to protect people. Seems kind of like a lot of 57 00:03:30.320 --> 00:03:33.650 seems weird that you would be held responsible. Yeah. For what 58 00:03:33.650 --> 00:03:38.060 people were commenting on YouTube. Right. But even if 59 00:03:38.060 --> 00:03:40.190 that's even if that's true, if you're supposed to or not 60 00:03:40.190 --> 00:03:43.310 supposed to, I think what it tells us is that YouTube can do 61 00:03:43.310 --> 00:03:48.020 whatever they want, as far as I know, coindesk appealed to you, 62 00:03:48.050 --> 00:03:50.810 pleaded. Yeah, and I would I would think Yeah, please, please 63 00:03:50.810 --> 00:03:53.960 bring our channels back, please bring our channel back. And I'm 64 00:03:53.960 --> 00:03:56.720 assuming they had all the video content backed up. Yeah, I doubt 65 00:03:56.720 --> 00:04:00.050 they will hopefully hope. Yeah, hopefully, they had a backup of 66 00:04:00.050 --> 00:04:02.630 all their videos. And they could put them somewhere else. Right. 67 00:04:04.680 --> 00:04:07.200 But they were at the mercy of YouTube and look like they were 68 00:04:07.200 --> 00:04:09.510 kind of pleading with YouTube, I knew we would have probably have 69 00:04:09.510 --> 00:04:11.850 to plead if we were doing this on YouTube. And one day, yeah, 70 00:04:11.880 --> 00:04:14.670 all of our content was gone. And then YouTube's just comes in and 71 00:04:14.670 --> 00:04:17.880 takes it away. Now they can do that for for whatever reason 72 00:04:17.880 --> 00:04:20.760 they want. Yeah, that's That's my understanding. And if they 73 00:04:20.760 --> 00:04:23.790 feel like they're being threatened, there's nothing to 74 00:04:23.790 --> 00:04:28.890 stop them from finding a breach of the policy that they've 75 00:04:28.890 --> 00:04:31.740 otherwise, you know, we're willing to let go and then using 76 00:04:31.740 --> 00:04:34.080 that against you, you've been doing something very minor, 77 00:04:34.080 --> 00:04:36.600 you've been in breach the whole time. All of a sudden, you do 78 00:04:36.600 --> 00:04:39.180 something that's threatening to them. They could say, well, you 79 00:04:39.180 --> 00:04:40.950 know, you've been in breach of this the whole time, and we're 80 00:04:40.950 --> 00:04:43.350 terminating you and if anyone asked why it's because of that 81 00:04:43.920 --> 00:04:46.740 is interesting, though that Coindesk recently came out with 82 00:04:46.740 --> 00:04:52.110 Coindesk TV, right? Yeah. It's a live streaming service. They 83 00:04:52.110 --> 00:04:55.530 were streaming it on YouTube, but it wasn't being done like 84 00:04:55.560 --> 00:04:58.680 YouTube wasn't the base software they were using. They were kind 85 00:04:58.680 --> 00:05:00.120 of doing it in one central location. 86 00:05:00.450 --> 00:05:04.200 And then pushing it out, pushing it, pushing it out to YouTube. 87 00:05:04.260 --> 00:05:07.080 And so from that perspective, they were okay because that my 88 00:05:07.080 --> 00:05:10.050 understanding was that their channel got deleted midstream. 89 00:05:10.470 --> 00:05:15.240 So if you're watching Coindesk Tv live on youtube, the stream 90 00:05:15.240 --> 00:05:18.450 just got cut, you could still watch it on coin desk comm on 91 00:05:18.450 --> 00:05:22.530 their on their TV section. And this is this is going to become 92 00:05:22.530 --> 00:05:27.420 more common over time Instagram, Facebook, LinkedIn, Twitter, you 93 00:05:27.420 --> 00:05:29.880 don't own these, we don't own these platforms, right, these 94 00:05:29.880 --> 00:05:31.170 platforms are going to decide. 95 00:05:31.170 --> 00:05:33.670 Johny Fernandez: And I think there's like a feeling and 96 00:05:33.670 --> 00:05:38.170 there's a thought that we do. Like, we have ownership or 97 00:05:38.170 --> 00:05:41.320 putting but like you said, you know, at the end of the day, 98 00:05:41.320 --> 00:05:45.760 they do have control over what you put and something that the 99 00:05:45.760 --> 00:05:50.410 platform wrote to an email to Coindesk was that the content 100 00:05:50.410 --> 00:05:53.500 encourage illegal activities and incites users to violate 101 00:05:53.500 --> 00:05:56.290 YouTube's guidelines is not allowing is not allowed on 102 00:05:56.290 --> 00:05:59.110 YouTube. Yeah, I mean, it's a pretty good day the other day, 103 00:05:59.110 --> 00:06:02.260 what does that mean? Right? Yeah, like, it's, yeah, it's 104 00:06:02.410 --> 00:06:05.320 kind of counterintuitive in a way. But at the same time, 105 00:06:05.320 --> 00:06:08.080 Sean Murray: It incites other people to say, I thought it was 106 00:06:08.080 --> 00:06:10.930 gonna say violence is something that incites users to violate 107 00:06:10.960 --> 00:06:12.160 YouTube's guidelines. 108 00:06:12.240 --> 00:06:14.670 Johny Fernandez: eah. Which as, which, which is, but I 109 00:06:14.670 --> 00:06:17.610 hink to go back, all this ties ack to the fact that like, you 110 00:06:17.610 --> 00:06:20.880 don't have control of what you put online. Like, that's just 111 00:06:20.880 --> 00:06:22.530 like, just the reality of like, 112 00:06:22.720 --> 00:06:24.040 Sean Murray: If you're doing it on another platform. 113 00:06:24.040 --> 00:06:26.530 Johny Fernandez: Correct. You're doing on another platform? You 114 00:06:26.530 --> 00:06:29.290 don't have control of it, because you think you do you 115 00:06:29.290 --> 00:06:33.340 have this idea. I think a lot of people that, you know, put stuff 116 00:06:33.340 --> 00:06:35.860 online on social media, they they have this idea that they 117 00:06:35.860 --> 00:06:38.680 own it, but at the end of the day, you don't like you don't 118 00:06:38.680 --> 00:06:43.960 and it wasn't surprising, but to me, I'm like, wow, they, it just 119 00:06:43.990 --> 00:06:46.990 it hit me when we talked earlier, like they literally 120 00:06:46.990 --> 00:06:50.650 wiped everything out. Like the fact that like, you know, 121 00:06:50.650 --> 00:06:51.820 Sean Murray: You can only imagine that feeling? 122 00:06:51.850 --> 00:06:54.070 Johny Fernandez: Yeah. Like you're my heart sank, because 123 00:06:54.070 --> 00:06:58.540 it's like, eight years worth of content, this guy is gone. So 124 00:06:58.540 --> 00:07:01.470 Sean Murray: But that can happen on Instagram, too. Yeah, I think 125 00:07:01.470 --> 00:07:04.380 people to put too much of an emphasis on building up their 126 00:07:04.380 --> 00:07:08.520 Instagram, or building up their Facebook account. Yeah. And at 127 00:07:08.520 --> 00:07:11.700 the end of the day, those platforms will decide whether or 128 00:07:11.700 --> 00:07:15.930 not you can be there. Yeah, you might say something that later 129 00:07:15.930 --> 00:07:16.080 Johny Fernandez: Yeah. 130 00:07:16.080 --> 00:07:19.530 on is offensive to them. Or they might find that how you're 131 00:07:19.530 --> 00:07:23.130 monetizing. It is contrary to your to their own business. 132 00:07:23.130 --> 00:07:28.110 Yeah. And so like here with deBanked, where we have social 133 00:07:28.110 --> 00:07:31.170 media channels, but our goal isn't to send people to 134 00:07:31.170 --> 00:07:35.100 Instagram, to our Instagram page, we have we have one, or to 135 00:07:35.100 --> 00:07:39.210 our Facebook page or LinkedIn page, or whatever. We want you 136 00:07:39.210 --> 00:07:42.360 guys to come to deBanked.com to consume the content. So when 137 00:07:42.360 --> 00:07:44.970 we're out on social media, we're putting, we're putting little 138 00:07:44.970 --> 00:07:47.940 feelers out there for you to come back to our site. 139 00:07:47.970 --> 00:07:50.580 debanked.com we want to have a direct relationship with you. 140 00:07:50.820 --> 00:07:54.420 And we want to control we want to control the our, you know our 141 00:07:54.420 --> 00:07:58.140 own content, and be the master of our own domain. That's why we 142 00:07:58.140 --> 00:08:00.180 haven't been building a YouTube channel what happened to Coindesk 143 00:08:00.180 --> 00:08:02.370 it just reinforced everything that I was already 144 00:08:02.370 --> 00:08:06.990 afraid of. Yeah, we might not get as much engagement by being 145 00:08:06.990 --> 00:08:09.960 off of YouTube. But I think in the long run, it's the right 146 00:08:09.960 --> 00:08:11.220 decision.