The ban not only applied to Google's search engine but also to YouTube, a platform that has become a favorite among many for sharing views and expertise regarding crypto and blockchain. Many crypto vloggers have seen diminished revenue from their videos, and a large number of them have turned to another platform: Steemit.
BETTER REVENUES
One of the YouTubers who has heaped praise on Steemit is Luis Thomas, a crypto vlogger from Wales who currently has just over 95,000 subscribers to his YouTube channel. While he's got around 97% fewer subscribers on Steemit than on YouTube, he is able to make the same amount of money.
... so can you imagine how much money I 'd be making if I actually had the same number of followers on Steemit as I do on YouTube? If a content creator were to put as much effort into creating a good size platform, a good size profile on Steemit, they could potentially make much, much more money than they currently do on YouTube.
In his video comparing YouTube and Steemit, he takes the example of a video he posted on both platforms about women's march signs. On Steemit, he made 450 Steem dollars, which at the time were trading for around $7.
My video is too offensive to make money on YouTube, just like pretty much all my videos ...
THE CHALLENGES
The decentralized nature of Steemit, which is among its most attractive features, is also its biggest undoing. While centralized platforms like YouTube have a central authority which lays out the guidelines and has the right to deny service to those who don't comply, Steemit can only hope that its users are disciplined enough to post appropriate content. Many users have maintained professionalism, but as with any platform, there are those who post inappropriate content. To make matters worse, such content-- which is sometimes crass, racist or misogynistic-- ends up getting many upvotes and making a lot of money for its creators. This serves to encourage the behavior even more, an ultimately self-feeding degradation.
Another challenge is the upvoting model. In his video, TJ Kirk laments Steemit's model, which incentivizes people to upvote popular content, as it makes more money from which they end up benefiting. This damages the platform's reputation as a place where people can get genuine information.
A lot of these people are not genuinely voting on content or commenting on content because they genuinely give a s ** t about it; they are doing it because they want a little piece of the pie, a little piece of that money pie.
Steemit and other decentralized platforms such as DTube have a long way to go before they can become worthy competitors to YouTube. However, their achievements so far can't be overlooked. As blockchain technology revolutionizes sectors like finance, healthcare and insurance, social media and video sharing platforms should not lag behind, and Steemit is leading in this race.
Video by: Steemit.vlog
Source by: https://themerkle.com/taking-the-battle-to-youtube-why-steemit-continues-to-attract-youtubers/
My video is at DLive