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YouTube --> PeerTube Next?
(lemmy.dbzer0.com)
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And hosting text, images and links on decentralized servers is one thing. High bitrate video, plus the network infrastructure to serve it, is kind of a whole different ballgame. I could see this system working for some kind of torrent/file sharing service that hosts video but not a YouTube competitor.
Frankly, Mastodon already has trouble scaling just by serving up images and small bits of text, PeerTube would fall over almost instantly if it had to deal with even 1% of YouTube's volume.
Nobody's replacing YouTube, and from the perspective of a user who just wants to upload a couple of silly videos and watch thousands more, getting rid of the big corp that is willing to provide that ridiculously expensive to provide service feels like killing the goose that lays golden eggs.