youtube vs steemit full story
When Google announced that it would be banning cryptocurrency-related ads from its platform, the crypto universe was up in arms. While it is a fact that the company’s platforms have been used by some unscrupulous and fraudulent projects, a blanket ban on the entire industry was rather high-handed of Google, the biggest digital ads provider. The ban not only applied to Google’s search engine but also to YouTube, a platform that has become a favorite among many for sharing views and expertise regarding crypto and blockchain. Many crypto vloggers have seen diminished revenue from their videos, and a large number of them have turned to another platform: Steemit.
One of the YouTubers who has heaped praise on Steemit is Luis Thomas, a crypto vlogger from Wales who currently has just over 95,000 subscribers to his YouTube channel. In a recent video, Luis explained that the first thing that attracted him to Steemit was the better monetization policy. On YouTube, he could make around £1000 per month. After crypto content became quite censored, his revenue began to diminish and he switched to Steemit. While he’s got around 97% fewer subscribers on Steemit than on YouTube, he is able to make the same amount of money.
… so can you imagine how much money I’d be making if I actually had the same number of followers on Steemit as I do on YouTube? If a content creator were to put as much effort into creating a good size platform, a good size profile on Steemit, they could potentially make much, much more money than they currently do on YouTube.
TJ Kirk, a longtime American vlogger who has over 1 million subscribers on YouTube, shares Luis’s opinion. In his video comparing YouTube and Steemit, he takes the example of a video he posted on both platforms about women’s march signs. On Steemit, he made 450 Steem dollars, which at the time were trading for around $7. The same content on YouTube made absolutely nothing! It was considered offensive by YouTube’s algorithms, which automatically takes away one’s ability to monetize their conent.