It wont, but it will stop YouTube from making money on your videos if they can't be seen. In the mean time you republish your videos on DTube where you have a fair chance versus none at all. I changed all the settings on my best YT videos to unlisted, so traffic to my channel is dying.
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it's better to advertise steemit and dtube on youtube now and let them close their store. lol ☺
I do advertise Steemit/DTube. Closing the store goes quicker when there is increasing cost offset by decreasing revenue. Greetings!