Yeah I think most people thinking we can just replace YouTube do not understand the scale of their operation. What YouTube does is many many orders of magnitude bigger and more complex than anything happening on the fediverse. PeerTube is a joke by comparison. There is a reason that even when VC money was flowing like crazy, nobody was able to even think about launching a competitor.

On top of that, no platform can seek to replace YouTube without offering the same or better creator compensation. Free services will never meet that.