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Keep it simple: Cryptonauts shares tips on growing a crypto YouTube channel

Cryptonauts co-founder Nathan Leung tells The Agenda how and why his team creates crypto content for the culture.

While the term “fake news” has been floating around for a while, the phrase was given new life and popularity when former United States President Donald Trump turned it into a viral campaign slogan. “Fake news” eventually became a generation-defining meme, and this is likely because there is a certain truth to the phrase that resonates with the public to this day.

Media does occasionally make mistakes in its reporting, and even Cointelegraph is not immune to this. At the same time, news anchors, journalists and media companies are also known to cast aside objectivity and inject their personal opinions — or those of their paid sponsors — into what is promoted as strictly fact-based news.

In 2023, this has become a crisis facing crypto content creators. The proverbial “jig” is up, and many investors are now well aware that much crypto-focused content has an ulterior motive of shilling a particular coin or, in some cases, an unannounced paid sponsor backing the content of the day. As a result of the broader fallout, several professional and hobbyist crypto content creators have told The Agenda that maintaining and growing their subscribers has been a challenge this year.

On Episode 22 of The Agenda, hosts Ray Salmond and Jonathan DeYoung spoke with Nathan Leung, co-founder and host of the Cryptonauts YouTube channel, about the nuts and bolts of educating and onboarding new users to crypto on YouTube — and how to remain ethical while doing so.

Humanizing is appetizing

Leung told The Agenda that when attempting to separate oneself from all the chaff, “humanizing” the content is a useful and effective tactic, given that “in times like this, everyone’s like, ‘NFTs are a scam, blah, blah, blah. Everything’s a scam.’” But as he points out, “There’s also good people trying to make digital ownership a real thing. There’s actually builders actually running hackathons, trying to find the best project, right? There’s actually real builders who want this technology to kind of help the world in a way.”

So, Cryptonauts talks to these builders and highlights that they are just regular people with a mission. “It’s kind of just humanizing. It’s like, yeah, you’re worth $250 million or $18 billion, right? But what do you do? Do you wake up in the morning? Do you have a family? Do you walk your dog?”

Related: The Agenda podcast predicts the future of crypto and talks adoption

Leung also emphasized the importance of respecting “the viewer’s time,” highlighting that the ultimate goal is to have viewers watch a whole video and not feel like their time was wasted.

“If they’re going to watch our video, we want them to at least watch it all, right? So, if we feel like it’s not absolutely necessary, we don’t want to waste their time either, because time is obviously the most valuable currency. So, we just try to make it short and sweet.”

He added, “I think a lot of people think that longer videos are better, but I think if you can just save people time and condense it and just make it engaging, it could be two minutes.”

Why Cryptonauts values organic growth over paid shilling

While many crypto content creators have been exposed for shilling their bags or accepting money under the table to promote other projects’ tokens, Leung says Cryptonauts doesn’t have this issue because they don’t depend on sponsored content for money.

“So, I think we had one rule: We said we would never do ICOs [initial coin offerings] very early on. We would only cover projects that were already listed and already launched, which turned out to be a good one. And we also kind of made it our fundamental rule not to push any exchanges — you saw what happened with FTX.”

Placing authenticity and enjoyment over monetization, Leung said, “We just do what we want, and we tell the stories we want. We just want to tell some good stories, make some good content and have fun while doing it. I think that’s the most important thing because money can’t buy passion.”

Despite admitting that “people don’t really care about crypto” right now when asked about Cryptonauts’ goals for the future, Leung said that the channel is “really trying to unite the crypto community.”

“I think we want to start doing something a little bit different. Just to kind of practice what we preach. If we are about community, we should start doing some real-life events.”

To hear more from Leung’s conversation with The Agenda — including Cryptonauts’ future vision for combining real-life experiences with crypto content and giving back to its community — listen to the full episode on Cointelegraph’s Podcasts page, Apple Podcasts or Spotify. And don’t forget to check out Cointelegraph’s full lineup of other shows!

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This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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Ben Armstrong spends night in jail with prowling, simple assault charges

Crypto influencer Ben “BitBoy” Armstrong was released on bail around 8 hours after being booked by Gwinnett County police for loitering and simple assault.

Crypto influencer Ben Armstrong, formerly known as ‘BitBoy,’ reportedly spent the night in the slammer and has been hit with two charges following his conspicuous arrest. 

Armstrong, who was taken into custody on Sept. 25 while livestreaming outside a former associate’s house, spent a little over 8 hours in a cell according to the Gwinnett County, Georgia, Sheriff's Office.

The crypto influencer has been released on bail but has been hit with charges of “loitering/prowling” and “simple assault by placing another in fear,” with a bond amount of $2,600 along with $40 of fees.

Screenshot from Gwinnett County Sheriff's Office

In Georgia, loitering or prowling generally refers to when a person is “in a place at a time or in a manner not usual for law-abiding individuals under circumstances that warrant a justifiable and reasonable alarm or immediate concern for the safety of persons or property in the vicinity,” according to Georgia-based law firm Lawson & Berry. 

The consequences for a prowling and loitering misdemeanor include a fine of up to $1,000, or jail time of up to one year, or both, it added.

Meanwhile, simple assault can involve: “(1) attempt to commit a violent injury to the person of another, or (2) commit an act which places another in reasonable apprehension of immediately receiving a violent injury.”

Similar to loitering, a conviction for simple assault in Georgia is treated as a misdemeanor, though there can be certain situations where this is escalated, said the law firm.

Following his release, Armstrong appeared to mock his punishment stating, “My name is Ben and I’m a loiterer. I did 8 whole hours in the slammer,”

A few hours later he posted: “I’m taking a week's break from social media,” before adding “No, not because of the memes,” on Sept. 27. Armstrong’s mug shot has been doing the rounds on crypto social media.

Related: Ben ‘BitBoy’ Armstrong arrested on livestream over Lambo dispute

On the evening of Sept. 25, Armstrong went to the house of his former associate Carlos Diaz who he alleged had possession of his Lamborghini.

The livestream and general ranting went on for around 19 minutes before the local police turned up and arrested Armstrong.

Crypto trader “EmperorBTC” told his 360,000 X followers that the arrest “should be a lesson for everyone.”

The latest debacle is related to the ongoing dispute between Ben Armstrong and Hit Network which controls the “BitBoy Crypto" brand. The firm and its executives cut ties with Armstrong in August citing issues surrounding substance abuse and financial damage to employees.

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Ben ‘BitBoy’ Armstrong arrested on livestream over Lambo dispute

Crypto influencer Ben “BitBoy” Armstrong has reportedly been arrested following a livestream outside the house of Carlos Diaz, a former business partner.

Crypto influencer Ben Armstrong, previously known as “BitBoy,” has reportedly been arrested while livestreaming outside the house of a former business associate, who he alleges is in possession of his Lamborghini.

Before the YouTube stream, he posted that he was “going live soon from a very special location.”

Less than an hour later, Armstrong was livestreaming himself at the residence of consultant and nonfungible token investor Carlos Diaz, who is understood to have links to the Hit Network.

Armstrong went on a tirade, claiming that Diaz “wanted to kill him” and alleging he has links with the Houston mafia.

“I’m not scared of you, Carlos,” he hollered.

At almost 19 minutes into the stream, Armstrong was met with local police, who turned up and asked if Armstrong had a weapon on him, which he denied.

He was then ordered to put down the phone, and the stream goes blank for the remaining 17 minutes, though audio can still be heard of a conversation between Armstrong and the police officers.

According to a listing on the Gwinnett County, Georgia, Sheriff’s Office, a Benjamin Charles Armstrong was booked on Sept. 25 at 9:11 pm local time and remains incarcerated.

Screenshot from Gwinnett County Sheriff’s Office.

On Sept. 26, Diaz posted a confirmation that Armstrong had turned up at his house.

Blockchain sleuth "ZachXBT", who is not a fan, said "Will always celebrate one of the most notorious bad actors in crypto finally getting karma."

Related: BitBoy Crypto brand will no longer include YouTuber Ben Armstrong

In late August, Hit Network, which controls the “BitBoy Crypto” brand, cut ties with its public face, Ben Armstrong, citing issues surrounding substance abuse and financial damage to employees.

Since then, a couple of lawsuits have been filed and retracted by various parties involved. Armstrong even appealed for donations on Sept. 20 to cover his legal battles, which riled the crypto community.

Magazine: Get your money back: The weird world of crypto litigation

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Crypto influencer named in FTX lawsuit served via tweet

A law firm backing an FTX investor suit tagged a crypto influencer in a tweet to serve its lawsuit.

A cryptocurrency YouTuber has been served a lawsuit through a tweet after a United States court allowed the action as lawyers claimed they couldn’t serve him through other means.

A May 2 order from a Florida District Court Judge granted The Moskowitz Law Firm permission to serve legal notice to crypto YouTuber Tom Nash via a tweet.

Nash, who is believed to be residing in Georgia, is the last of ten defendants named in a class action lawsuit against influencers alleged to have promoted the now-bankrupt cryptocurrency exchange FTX without disclosing their compensation.

On May 2, the firm tweeted its notice to Nash and mentioned his Twitter handle in the post, thereby giving him legal notice of the lawsuit.

The filing set out instructions on how Nash was to be served using Twitter.

A legal notice URL was required to be shared by the law firm through its official Twitter account and tag Tom Nash’s Twitter account.

Moskowitz was also required to send the URL in an email to his publicly known email address.

The filing states Nash’s frequent internet use suggests that it is a reliable way of contacting him. It noted:

“Nash has an established Internet-based business, utilizes electronic means, including Twitter, as reliable forms of contact; and has publicly acknowledged [a] personal email address.”

According to the filing, when lawyers previously emailed Nash on an email he had publicly posted, it didn’t bounce back, which suggested Nash received the suit and his “e-mail address is valid and operational.”

A federal ruling allows the district court to “order an alternate method for service to be executed on foreign defendants” provided it isn’t against international agreements and is likely to effectively notify the defendant.

It further explained that Georgia and the U.S. are parties to The Hague Convention which provides a standardized method for serving legal documents between countries that are signatories of the treaty.

Related: Taking down crypto influencers is one step that would help to heal the market

The other nine defendants comprise seven YouTubers including Graham Stephan, Brian Jung and Ben Armstrong, known as “BitBoy Crypto.” The talent management company that handled the promotion of FTX, Creators Agency LLC, and its founder Erika Kullberg are also named.

Armstrong had missed a court appearance on April 20 to address his alleged “harassment towards plaintiffs’ counsel.”

Instead of attending the court hearing, Armstrong posted pictures of himself on a beach in the Bahamas on Twitter and openly mocked the order.

Cointelegraph contacted Nash for comment but did not immediately receive a response.

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Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’

Bahamian Attorney General Insists FTX Is the Subject of an ‘Active and Ongoing Investigation’The troubled and now-bankrupt crypto exchange FTX is the subject of “an active and ongoing investigation,” Bahamian attorney general Ryan Pinder told the press on Sunday. Pinder also stressed that putting the blame on the Bahamas “because FTX is headquartered here would be a gross oversimplification of reality.” Bahamian Attorney General Says the ‘Bahamas Will […]

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Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-Fried

Crypto Influencer Bitboy Flies to the Bahamas to Question Former FTX Exec Sam Bankman-FriedIt’s been 16 days since FTX filed for Chapter 11 bankruptcy protection in the U.S. and the former FTX CEO Sam Bankman-Fried (SBF) is allegedly still hunkering down at his seaside resort in the Bahamas. This weekend, the Youtuber known as Bitboy decided to fly down to Nassau in order to question SBF about the […]

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It’s time for crypto fans to stop supporting cults of personality

From Sam Bankman-Fried to Bitboy, cryptocurrency fans have been too quick to support divas who gained notoriety on social media. It's a phenomenon that needs to end.

Many of the centralized cryptocurrency platforms that collapsed this year had something in common: a young, outspoken and cocky leader. Each gained outsized influence not by virtue of outsized intellect or talent but because of their piles of money and large Twitter followings. And each time, misplaced trust in their abilities resulted in disastrous consequences. 

If crypto wants to avoid similar catastrophes in the future, it’s time for us to rearrange our leadership priorities. We need to ditch the cults of personality.

The theater of crypto on Twitter

Before FTX collapsed, founder Sam Bankman-Fried (SBF) had garnered a reputation as one of the loudest voices in the industry. He was active in the political world and frequently commented on what was happening in Web3.

Related: Disaster looms for Digital Currency Group thanks to regulators and whales

But perhaps most notable was his active involvement in a myriad of Twitter feuds and spectacles. SBF first stepped into the spotlight as the successor of SushiSwap after Chef Nomi abruptly abandoned the project — a drama that played out almost entirely on Twitter’s public stage. His ensuing Twitter antics, combined with the image of unstoppable success that FTX was broadcasting far and wide, gained him more than a million followers.

But even as SBF’s influence grew, it seemed he just couldn’t resist shitposting, regularly engaging with other Twitter users who threw stones.

Indeed, SBF’s penchant for Twitter drama played an important role in exposing FTX’s insolvency. It was his recent spat with CZ that ultimately led to the run on FTX’s deposits. His attention-grabbing antics carried on through the current ordeal, culminating in a bizarre series of cryptic tweets.

The loudest voices in the room

While SBF is the latest example of an industry figure whose highly public Twitter presence led to a highly public downfall, he certainly isn’t the first. Do Kwon and Su Zu, who were both at the center of monumental collapses earlier this year, were also notorious trolls. Do Kwon infamously sent an arrogant series of tweets just before Terra’s downfall, while Su Zhu’s infamously elusive comments during the 2021 bull run didn’t age well, either.

But, the leaders of failed platforms aren’t the only ones guilty of social media braggadocio. Binance’s CZ, after all, was just as guilty as SBF of engaging in their public Twitter feud earlier this month. Digital Currency Group’s Barry Silbert, who has been at the center of alarm related to the FTX fallout, has also garnered a reputation as a shitposter.

There are many, many more tweeters who have used online spectacle and trolling as a means of controlling the industry conversation. Think Ben Armstrong (aka “Bitboy”) and Jim Cramer, to name just a couple more. There’s a small army of them. And, even though many are purged in each bear market, their successors are increasingly turning into powerhouses too vocal and influential to ignore in the space.

We need to end the cults of personality

So what’s the solution? How can we better identify this personality type and use this recognition to avoid future pain?

Related: 5 reasons 2023 will be a tough year for global markets

Instead of focusing on building cults of personality, the crypto community needs to focus on platforms and leaders building products that use web3 primitives to solve problems in a manner that’s orders of magnitude better than anything we’ve experienced before. The crypto community needs to stop listening to the loudest voices in the room and start listening to the wiser, more experienced ones — even if they are sometimes quieter. And by the same token, we need builders with experience in creating real value for users to speak up more.

Ultimately, the answer lies with us and with the people that we, as an industry, choose to lionize. We need to learn how to identify and support builders building transparent, secure, high-quality applications and decentralized applications — regardless of how many followers they have.

Corey Wilton is the co-founder and CEO of Mirai Labs, the international gaming studio behind Pegaxy. A renowned speaker and play-to-earn thought leader, he began his first company within crypto in 2018, a customer support service designed to assist cryptocurrency companies with their customer service.

This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

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BitBoy Crypto sues fellow YouTuber Atozy for defamation over shilling claims

Cryptocurrency YouTuber Bitboy Crypto has filed a defamation lawsuit against another prominent content creator on the platform.

Two prominent YouTube content creators are set to lock horns in a legal battle over a cryptocurrency video allegedly promoting a project that ended up being a scam.

Bitboy Crypto, a YouTube channel founded by Ben Armstrong, produces a variety of content focused on cryptocurrency news, projects and tokens and trading advice. The channel has been active since February 2018 and has over 1.4 million subscribers.

The channel is known for its news pieces and trading-focused videos with headlines like ‘Top 3 Coins To Outperform Ethereum! (Strong Short Term Play)’ typifying the type of content disseminated to viewers.

While these videos purport to offer trading advice, the channel has a disclaimer clearly stating that Armstrong is not ‘a professional advisor in business areas involving finance, cryptocurrency, taxation, securities and commodities trading, or the practice of law.’ The channel’s content states that it is meant for general information purposes only.

Bitboy Crypto has copped criticism from the wider cryptocurrency community in the past for allegedly misleading viewers about various tokens and projects. Armstrong has attempted to rebut these claims, with a prime example being a fiery podcast conversation hosted by cryptocurrency investor Anthony Pompliano in November 2021.

Related: BitBoy founder threatens class action lawsuit against Celsius

An incident involving comments posted by another YouTuber on a BitBoy video from 2020 has led Armstrong to seek legal recourse. Erling Mengshoel Jr, better known by his YouTube channel name Atozy, came across a now-deleted video on the Bitboy channel promoting a project called Pamp network token in 2020.

The project ended on a sour note as investors were left empty-handed after a reported 'rug-pull' from the founders. As per data from Coingecko, PAMP tokens are worth fractions of a dollar, down from all-time highs of $2.73 in July 2020. 

In the wake of the PAMP failure, Atozy revisited the Bitboy video to post comments labeling Armstrong as ‘shady’ for misleading viewers. Atozy went on to create a full video on his channel in November 2021 titled ‘This YouTuber scams his fans… Bitboy Crypto’, alleging that Armstrong had been dishonest as a self-proclaimed expert on cryptocurrencies to promote a project that ended up crashing.

Armstrong officially filed a federal complaint against Mengshoel on Aug. 12 in the U.S. District Court for the Northern District of Georgia, Atlanta, with a raft of claims, including defamation, infliction of emotional distress and tortious interference with business relations or potential business relations.

Mengshoel was eventually served at his home a few days later and has called for the assistance of viewers and the cryptocurrency community to tackle what he described as a 'frivolous' lawsuit from Armstrong.

Mengshoel has since launched a GoFundMe account to meet the lawsuit head-on, with Armstrong claiming damages and legal fees worth $75,000. GoFundMe has received over $20,000 in the 24 hours since its launch, with over 450 contributors to date.

Cointelegraph has reached out to both parties for comment on proceedings and will update this article accordingly.

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