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I think the primary difference in our views is that I don't think Youtube needs to be replaced by something like it to be replaced. I don't claim to have a viable approach in mind, but I'm certain one exists.
I would love a federated network of video platforms as long as they can all be searched collectively. Would be great if videos could even be migrated to other instances if storage becomes too limited on one of them. Yeah, it probably isn't ideal that YouTube is all one platform, but it certainly makes it easy to find what you're looking for most of the time.