<\/p>\n
When the Tube\u2019s Away, The Algorithm Will Play<\/h3>\n
In March, YouTube warned that its algorithm might go haywire during the COVID-19 shutdown with fewer human eyes on the wayward beast. It’s hard to miss the message that screams \u201cduring the lockdown our algorithm might accidentally lock you out\u201d.<\/span><\/p>\n It is equally hard to miss the fact that crypto-tubers don’t have a lot of luck when it comes to tripping the video site\u2019s hazard wires. Tone Vays, The Crypto Lark, and Blockchain Education Network have all <\/span>suffered at the hands<\/span><\/a> of the \u201charmful content\u201d trigger recently.\u00a0<\/span><\/p>\n None appears to have been offered an explanation why. But there is a plausible explanation for last week\u2019s shenanigans. One that promises to send ripples of fear through the entire crypto content industry.<\/span><\/p>\n Ripple Labs has filed a lawsuit against the platform for failing to do enough to stop scammers and impersonators promoting fake XRP giveaways.<\/span><\/p>\n The last thing they want is for XRP tokens flooding into the <\/span>wallets of scam artists<\/span><\/a>.<\/span><\/p>\n Of course, a few thousand XRP tokens here and there probably don\u2019t have that much impact on the price of XRP… es<\/span>pecially since Ripple co-founder Jed McCaleb <\/span>continues to dump<\/span><\/a> around 1.8 million XRP every single day<\/strong> on the sad, powerless retail market. And oh! Look! Ripple sent him another <\/span>55 million XRP<\/span><\/a> just yesterday.<\/span><\/p>\n Ahem\u2026 back to the point.<\/span><\/p>\n About a week after the lawsuit was announced, Ripple CTO David Schwartz\u2019s YouTube channel was suspended, after he was apparently flagged for <\/span>impersonating himself<\/span><\/a>.\u00a0<\/span><\/p>\n Let\u2019s unpack this:<\/span><\/p>\n <\/p>\n So either\u2026<\/span><\/p>\n <\/p>\n An algorithm driven by machine learning shouldn\u2019t really need supervision anyway.<\/span><\/p>\n And last week\u2019s David Schwartz ban could indicate that the algorithm isn\u2019t the only culprit here.\u00a0<\/span><\/p>\n It seems the time has come for a decentralized alternative. Fortunately, there are <\/span>quite a few of them around<\/span><\/a>.\u00a0<\/span><\/p>\n The crypto community created the <\/span>#ForkGoogle memorandum<\/span><\/a> accusing YouTube of waging \u201ccampaigns of suppression against Bitcoin and blockchain industry for years\u201d by censoring content.\u00a0<\/span><\/p>\n And while free speech is not protected on a platform owned by a private company, YouTube is hereby declared the Epic Fail of the week, for allowing its renegade crypto-loathing algorithm to continue a war of attrition against the blockchain industry.<\/span><\/p>\n For shame!<\/p>\n\n\t\t<\/div>\n\t<\/div>\n<\/div><\/div><\/div><\/div> <\/p>\n It may be slower out of the blocks than Malta and France, but Portugal’s government is marching full steam ahead toward crypto-friendly status. The Digital Transitional Action Plan (DTAP) <\/span>published<\/span><\/a> on April 21 lays out a roadmap for the country to open its doors to companies working in digital innovation.<\/span><\/p>\n Of significant interest to a crypto community largely bereft of a place to call home is the plan to establish <\/span>\u201cTechnology Free Zones\u201d (Zonas Livres Tecnol\u00f3gicas) or <\/span>ZLTs, intended to <\/span>reduce regulatory burdens<\/span><\/a> on companies working on new or experimental technologies.<\/span><\/p>\n And regulatory-burden-lifting is a big thing in crypto, a sector frequently sidelined and frustrated by incumbent players and fearful governments.<\/span><\/p>\n But Portugal wants in,and instead of just creating sandbox-style exemptions and trial periods, it seems the European nation’s government wants to kick the saloon doors wide open. Portugal has always been tax-friendly toward cryptocurrencies, but lacked a bespoke regulatory framework.<\/span><\/p>\nRipple Sues YouTube, YouTube Boots Ripple CTO<\/span><\/h4>\n
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\nDTAP Creates ZLT\u2026 What?<\/strong><\/h3>\n
Enter The Zonas<\/span><\/h4>\n