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YouTube --> PeerTube Next?
(lemmy.dbzer0.com)
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I think this is super interesting, and a really good idea. But as others have stated in this thread, very costly.
However until technology catches up, maybe we could have an interstitial federated platform. One that's super decentralized. Like 90% of the users running their own instance, decentralized. Anyone with a NAS can host they're own vids. Then the other 10% that are willing to host high bandwidth, high capacity servers, can work as caching for the most popular videos.