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Peertube's moment might come soon
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I guess it depends on what you use it for.
I have two use cases, personally.
How to videos for stuff I don't know how to do. Like, fix a leaky spigot or something like that.
Following content creators.
I could see PeerTube being fine for #1, but I don't see it ever being positioned as a viable option for those who want to generate reasonable profit for their content. Would be happy to be proven wrong though.
YouTube algorithm: Yo, dawg, I heard you like spigots! Check out the latest spigot content from these awesome creators! Don't forget to subscribe so you never miss out on the freshest spigot uploads!
I think PeerTube could possibly work for streamer VOD channels, since a lot of them probably keep them locally for archival/backup purposes, anyway. I've seen people mention thar PT uses BitTorrent for streaming videos to other users -- I think that could work for this particular purpose