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Youtube seems to be blocking access to a seriously large amount of publicly listed videos
(lemmy.blahaj.zone)
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I'm talking from a viewer's perspective. There is very little I can watch on PeerTube. Now, if I wanted to share videos on the internet as a hobby PeerTube would be the obvious choice. But as a platform to spend time in, it falls short.
It's not PeerTube's fault, it's just sadly Google can walk all over YouTubers all year long and they wouldn't even consider publishing on multiple platforms. It's quite telling that only YouTube competetor that got any traction at all is one with a video library mirroring tool so that the channel owner never has to touch it.
Unless you've got Google/Alphabet money, and a willingness to be in the red for years before maybe becoming profitable, it's essentially impossible to create a platform like YouTube.
I think it is possible, either by charging money, or by decentralizing like PeerTube. The thing is, it doesn't matter. YouTubers won't switch, they just don't care.