I know, the platform isn't ready, the platform needs more creators, the platform has technical improvements to do...We could have said the same for Lemmy before the Reddit blackout, the same for Mastodon on Twitter.
The main limitation I see at the moment are PeerTube instances, badly communicating, from what I've been able to realize, and there are no reference instances as it was for Lemmy.
#viralhashtag
YouTube has an ace up its sleeve:
It shares revenue 50-50 (roughly) with creators. And considering the server costs and promotional benefit, that 50% cut is very fairly priced.
Facebook, Twitter/X, Reddit, etc. never shared revenue with creators. And that makes them easily replaceable. But Google wisely made YouTube and video creators financially reliant on one another. And that makes it difficult for something like PeerTube to pop up in a way Mastadon has.