For a company built on the contents from creators, I never expected them to do this to the same content creators. The main reason why YouTube has become this popular is because of these same creators, imagine YouTube created all the content on it? I don't think it would have become the 2nd most used search engine in the world.
For anyone who may have tried creating videos on YouTube, you probably know how difficult it may be to reach the requirements to join the YouTube partner program, and for as many who eventually joined the partner program, you are probably used to the feeling of if it was even worth the effort, that would be the best explanation to why a lot of creators try to find other ways to earn outside of the YouTube partner program.
YouTube has earned a lot from content creators and by using their user's data for targeted ads, this is basically the YouTube business model, if you use something for free you end up becoming the product, this is the same model used by Facebook.
I received an email from YouTube about changes to their terms of service and what stood out in that email was this paragraph
YouTube right to monetize: we have the right to monetize all content on the platform and ads may appear on videos from channels not in the YouTube partner program.
The paragraph explains everything YouTube is screwing content creators, Youtube makes money and the creators get nothing.
I hope this changes the minds of content creators to move to web 3.0 DApps like 3Speak, where they have full right to their content and make money off their content, where it is not controlled by some big companies and their data aren't sold to other companies.
In the past month, I have embraced web 3.0 and have been impressed by the technology behind them and am willing to contribute, promote and develop this technology. I have fallen in love with web 3.0 where creators and users aren't ripped off and are not denied access to certain things because of the country or continent where they live,I hope others see too.
Thanks for getting this far, don't forget to share your opinion in the comment.