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After a video reaches a certain number of views, Ted Hamilton, a product manager for YouTube analytics, explained, YouTube tells the database to freeze the view count until YouTube can manually verify the correct count to protect against botting attempts — i.e. using automated computer processes to artificially inflate the number of views.

YouTube view counts are initially tracked by servers near the end user. By looking at reports from these individual servers, YouTube engineers can detect suspicious patterns in the data.
Ted Hamilton, product manager for YouTube analytics, explains that YouTube videos get stuck at 301 views due to a programming issue.
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Thanks! I was literally just wondering this last night when my favorite casters upload +Starcraft 2 videos and it always shows 301 views.
Though i used to get really annoyed by this when this was first implemented, I am kind of fine with it now.
Interesting facts, I was not aware of this before.
Didn't explain why the 301 precisely, why not 302, 305 or even 321 ? :D
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