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If YouTube cannot police or moderate their own platform, then that's a problem they created for themselves. 'Sorry, moderating this content is something we can
by iueotnmunto 2y ago
If YouTube cannot police or moderate their own platform, then that's a problem they created for themselves.
'Sorry, moderating this content is something we cannot manage' is not an acceptable response, they are a trillion dollar company with access to tools which can be run at scale. Scam prevention is a cost center, which is presumably why they don't care, and that attitude needs regulation (as they'll never change on their own).
> Some people need to learn the hard lesson and we need to stop bailing them out.
I think the same can be said for large tech companies.
- JumpCrisscross 2y ago> If YouTube cannot police or moderate their own platform, then that's a problem they created for themselves If we had social consensus that crypto, or at least these sorts of crypto schemes, are a scam, sure. We don't. If YouTube is targeting teens with meth-making ads, that's a problem. This seems more ambiguous.
- iueotnmunto 2y agoSo youtube can throw their hands up in the air and say 'its legally ambiguous, therefore we'll take their money' and that's okay?
- fhdsgbbcaA 2y agoIf it pleases the stock market, it’s okay.
- zahlman 2y ago>If we had social consensus that crypto, or at least these sorts of crypto schemes, are a scam, sure. We don't. Per the description in https://news.ycombinator.com/item?id=41920331 https://news.ycombinator.com/item?id=41920331, "these sorts of crypto schemes" are nakedly fraudulent. We're not talking about a pump-and-dump being achieved by vague allusions. We're talking about too-good-to-be-true representations of arbitrage (i.e. essentially risk-free return resulting from a market inefficiency, which naturally disappears from any market as it's exploited) that are a cover for unauthorized transfer of funds caused by deceptive computer code. I'm pretty sure there's more than enough legal precedent to cover every aspect of that and make an open-and-shut case. (This is not legal advice, of course.)
- stevage 2y agoThis is malware, plain and simple. It's not ambiguous.