Google’s decision to ban cryptos has sent shockwaves across the crypto markets. The market is in the red with Bitcoin falling below $8500. Unfortunately, what most people are missing is the fact that this could be the tipping point that drives internet users straight to decentralized platforms. People are slowly getting tired of censorship, and over time, they will begin to look for alternatives. You can tell this by the massive backlash that the decision to end net neutrality got from internet users.
The google crypto ban is also coming at a time when YouTube, a google-owned company is instituting restrictions that are making it harder for people to monetize their video content. This means that thousands of content creators will find it harder to make a living, and they are bound to look for alternatives. It’s just how markets work! People will always seek out better earning alternatives, and in this case, decentralized content platforms are the best bet.
Already SteemIt and Dtube have seen a significant growth in the number of users in the last few months, indicating that people are embracing the freedom that decentralization brings. These platforms also give content creators the chance to earn a fair value for their content, something that is no longer there with corporate controlled platforms like Google.
On this basis, it doesn’t take rocket science to see that a platform like Dtube could easily eclipse YouTube in the next few years. SteemIt too could easily emerge as a platform that easily eclipses the mainstream media. The fundamentals are just right for this seismic change.
While this shift was bound to happen, albeit slowly, I believe Google’s decision to ban crypto adverts just hastened that process. The crypto community has come a long way and people now understand the power that blockchain gives them. No amount of negativity against it can beat this technology. If anything, it actually creates the impression that there is something good about it, and those in power are afraid of it.
That’s why I believe Steem (Steem) is one of the best coins to buy right now. The long-term fundamentals of this coin are just good!