Will Big Tech Change its Approach with Crypto-Scammers?
What is commonly referred to as "Big Tech" and the cryptocurrency industry tend to not mix very well at times. YouTube has drawn the anger of cryptocurrency fans a few times in the past when videos on the topic were removed without notice. While YouTube has cited the removal as an error, some cryptocurrency content creators still claim censorship on the platform from time to time.
Earlier today the founder of Ripple, Brad Garlinghouse has made several tweets venting anger at "Big Tech". Garlinghouse has gone as far as to threaten to sue YouTube for not taking action against impersonaters.
Today, @Ripple and I personally are taking legal action against @YouTube because their platform is the epicenter for imposter scams, and theyâve done next to nothing in response to our constant takedown requests. (2/4) https://t.co/EexfseYdDKâ Brad Garlinghouse (@bgarlinghouse) April 21, 2020
In times like these, when consumers already feel vulnerable, itâs more important than ever to protect people from these rampant scams. (4/4)â Brad Garlinghouse (@bgarlinghouse) April 21, 2020
Ripple claim that any damages or settlement funds it receives from the lawsuit will be used to compensate victims of YouTube scams.
The sort of scam that Garlinghouse has reported and is suing over are very common on nearly every social network. Many other figureheads in the industry have had impersonators offering "free giveaways" to unknowing victims.
Garlinghouse might have been correct regarding the difficulty of removing an imposter account and the seeming inaction by "Big Tech". Unfortunately for him and Ripple, YouTube is owned by Google who have an army of lawyers and nearly endless pockets. It seems unlikely that his lawsuit against the video giant will have much success at this point.
Written by Jonathan Ganor
Writer & cryptocurrency aficionado