Influencers, affiliate links and scams

[Apocollapse]

What if those influencers and celebrities are make a contract if they're not responsible if any financial losses or the project turn become scam? of course they wouldn't face any legal action due to their contract, this is why agreement in white and black is really important when dealing any financial thing.

I know it's nothing new where the influencers or celebrities go to jail when they're promoting scam, but we as a citizen doesn't know anything with the case and the judge. You can't blame them without any proof of they would drag you to go jail due to defamation case.

[Dr.Bitcoin_Strange]

It is very surprising that celebrity are promoting scam project and forgetting that this might jeopardize their reputation. Anyway,for them to do this,I don't think that they care about their reputation and the welfare of their fans,but  I see that they only care about themselves.

What happened is that the influencer or celebrity may not have had enough knowledge about crypto and in particular the project they intend to promote, but because they have seen the sum of money offered, they don't do much research about the project before going ahead with the promotion. 

The most annoying thing is that they are so full of confidence when promoting some of those scam projects. They don't tell their audience to do due diligence research before engaging themselves with the project; they don't warn their audience about the risk factor—all because they just care about the payment they received.

What do you think about these people? Do they have any responsabilities when promoting companies which turned into scam? Should they be held accountable for that? Is it right to profit over your audience's losses? And is there more responsability involved when it's an influent person promoting affiliate links, instead of random crypto enthusiasts sharing their links in social medias?

They have to stop giving full confidence like the project is their own; despite the payment they received, they tend to forget that they are not a team member of the project, so even if the project fails, they end up ruining their reputation because they are not on the project team but just an affiliate with them.

I think it depends on the country, but in my country, there is no law against paid promoters, but I think it should be introduced so that the celebrities and influencers also get dragged into the mud if the investment funds are racked.

[coolcoinz]

My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

[pawel7777]

My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

To play the devil's advocate for a bit:
1 - They must've done something right, as you yourself admit they introduced you to Bitcoin.
2 - Creating good content takes a whole lot of time and effort. To be able to deliver good quality, well-research content on a regular basis, there must be some sort of compensation (aka income). Add revenue on YT vids is not as high as people might think and it's very easy for a video to get demonetized. So almost all content creators have to resort to other means of generating revenue (referrals, sponsorships, selling courses etc). That's not inherently wrong.
3 - The ugly truth about attention-grabbing thumbnails is that they work. We all know it's a cheap trick but we all fall for it. Your eye might not even register the presence of non-flashy, "honest" thumbnail if it's surrounded by attention-grabbing ones, that's a flaw in human psychology.

So to evaluate content creators, I'd be focussing on whether they have integrity, competency and if they deliver truly valuable content rather than just looking at the thumbnails they use or whether or not they use referral links etc.

[uneng]

My bitcoin journey begun with this forum and a number of youtube channels about bitcoin. At first I was subscribing to most of them to show my appreciation for their work, but after a while it became obvious that most of them do it for the money, to get various sponsorships, using their audience like a guru is using his followers to work for him. They weren't giving anything to their audience, but trying to make the audience do things for them, like using referral links, buying coins they were recommending, paying for limited content. Also, they had no real content on their channels. It was all news from other social media like coindesk with their own comment on top and a more catchy title. It was always something big and exciting and in reality just another shitcoin with their own promo code.

Avoid these people like plague. You can easily recognize them by their explosive thumbnails. There's always a lot of exclamation marks and stupid headlines like
Is this over?
Is bitcoin done?
Crypto manipulation!
Warning to all holders!
Big pump incoming!
These coins will explode in 2023!

See something like that? Tell Youtube you don't want to see such content.

I would like to give you a merit for the post you wrote if I had any, because it really summarizes very well what has been happening on Youtube since many years ago. Right now, I'm having a hard time finding legit content on Youtube, because when I search something a lot of those "explosive thumbnails" videos displaying a youtuber surprised with his eyes wide open and the hands covering the mouth pop up all the pages long. They use misleading and catchy titles, which doesn't reflect the reality of the facts or the reality of the services they promote for referrals. That is what we call clickbait.

This is a big cons, because it becomes difficult and too time demanding to find what we are looking for and on which websites it worths to spend time, when looking for extra income online.

[peter0425]

I don't follow any influencers other than the likes of Michael Saylor on Twitter, if
he can be classed as an influencer.

I pay less than zero regard for anything others than Bitcoin, probably an exception
for Litecoin and Montero but outside those I don't care for them.

The way I see it is Influencers promote "crypto" not Bitcoin. They promote projects
which they themselves benefit from. It's sad that so many people can't see it?

and also links given are mostly one sided , there are even more advertising than the sole motive of letting us learn and earn.

and yes Scamming are mostly to happen or at least cheating or leaning us to other side of investments .
I don't also trust other influencer than those i already trusted.