The joint appeal with the cryptocurrency '' Bitconnec''t has recently taken an interesting turn when the latest forensic media alerted that Youtube and its Google shareholder were the defendants in the case. This news is accompanied by progressive whispers about this fight against the platform submitted to Google to reasonably control the content that is displayed there.
Bitconnect was one of the most popular and popular cryptocurrencies in 2017. Generated as a lending platform that promised monthly returns of 40% to everyone, Bitconnect experienced a parabolic progression. Its rise could be spread primarily to a strong social media marketing campaign that has come to captivate thousands of individuals with the promise of easy wealth. Commonly, as always happens with similar projects, BCC was exposed as a "Ponzi" system, where money from new investors was used to pay the rates of the old ones.
After missing the guaranteed interest rate payments when the influx of new users dried up and after acquiring orders to block and abstain from several law enforcement and financial law agencies, Bitconnect has closed all its operations. Its creators, assistants and promoters went into hiding, easily reproaching the "bad press" for the disappearance and death of their platform.
Despite this, shareholders who saw their bags go from $ 460 (per piece) to $ 0 in less than a month were not affected by this apology. A community appeal was almost excessive filed on January 24 by six individuals who lost more than 700,000 dollars. Filed a lawsuit through a law firm called Silver Miller, initial claims were that Bitconnect issued non-registered securities and ran a full Ponzi scheme.
The case was quickly expanded to include social media executives who played a crucial role in promoting the project and pushed new buyers to invest their money in the platform. Trevon James, Craig Grant, CryptoNick, and Ryan Hildreth were Bitconnect's most popular audiences and garnered thousands of hours of content whose sole purpose was to discuss and present the project in a positive light.
These people benefited greatly from BCC's Affiliations Program, which passed on a percentage of each new "recruited" investment to the recruiter. The lawsuit shows that 58 million unique views were generated only among the top 10 promoters.
Recent updates lead that Youtube itself is viewed as a guarantee of the success of Bitconnect. Many crypto experts like Vitalik Buterin or Doug Polk called the program for what it was and hundreds of Youtube users have reported promoters' videos as being guilty of violating the certified 'spam' policy. 'hypocrites practices and scams' from Youtube Yet YouTube ignored all the testimonials and failed to erase the clearly malicious content and even broadcast ads that were not free for Bitconnect in the months before its disclosure as a scam and are now being sued.
David Silver from Silver Miller commented:
"This case does not attach to YouTube as the speaker or publisher of the content on its website, instead the responsibility is based on the fact that YouTube did not act after learning YouTube's directly predictable content. of its advertising partners ... As the old saying goes: Sometimes when you go to bed with dogs, you catch fleas.
Redditor Fovillain commented, saying:
"YouTube is paid to run ads, it even forces you to watch, they target ads when they think people are psychologically the most responsive, that's how Instagram works, they're not just a platform. So yes, they have some responsibility and should be responsible for their content. "
UltraBallUK offers a slightly darker view of the situation:
"It's a very bad thing, the only thing that will come from this is that YouTube will now filter the content to protect itself," suggesting that projects and legitimate people related to cryptocurrency will also suffer.
source :
https://zerocryptohero.com/post/25/youtube-appele-en-tant-que-condamnant-dans-le-recours-communautaire-contre-bitconnect