Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

The lawsuit, filed in San Mateo County Superior Court, alleged that the videos used images and videos of Wozniak and other tech leaders like Bill Gates and Elon Musk “to deceive YouTube users into thinking if they sent cryptocurrency to an account they would receive twice as much back”, reports San Francisco Chronicle.

Wozniak said that the allegations “paint a picture of an algorithm-driven tech giant that does not respond to victims and that YouTube has allowed scammers to use me, Bill Gates, Elon Musk and others to defraud innocent people out of their cryptocurrency”.

However, Youtube has argued that it is not at fault and not liable for scammers using its platform. The company filed a motion in the U.S. District Court for the Northern District of California on Tuesday to dismiss Ripple’s lawsuit.

Youtube cited Section 230 of the Communications Decency Act which “bars claims lodged against website operators for their editorial functions, such as the posting of comments concerning third-party posts, so long as those comments are not themselves actionable.” The company insists that according to this law, computer services should not be treated as the publisher or speaker of other providers’ content.