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Google admits it's making YouTube worse for ad block users
(www.theregister.com)
This is a most excellent place for technology news and articles.
This is a good time to make aware about an amazing privacy-centric & user-friendly alternative - Peertube. It is not a big network as of now but the benefits it provides over YouTube are large - it is a part of the fediverse. Of course, only through increasing participation will the network become bigger.
If you still wish to use YouTube, you can try third party front ends like Invidious or Piped on the browser; NewPipe(Also is a front end for Soundcloud, media.ccc.de, Peertube & Bandcamp) or LibreTube on Android.
If you only browse YT Music, you can try HyperPipe in the browser. There are many apps for it available on F-Droid, an alternative app store for Android. My personal pick is ViMusic.
I feel like people mistake YouTube for a video hosting solution.
But that's not the point.
So, if the only thing you're looking for is a video hosting solution, then, yes, PeerTube might be an alternative. In the same way uploading videos to your own webspace would be, and Vimeo also still exists.
But for all the other stuff, YT is, unfortunately, unmatched, and probably will be for a while ...
You're right. It also got people and ai flagging illegal content. That takes much more money then even hosting videos does. Though if the .world owners want to make a peertube insurance, I'm all for subscripting.
Once again, I want to agree that it's a massive undertaking that's more than software and bandwidth.