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Netflix: Piracy is Difficult to Compete Against and Growing Rapidly
(torrentfreak.com)
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Excellent point. Calling the current streaming landscape decentralized is like calling the current social media landscape decentralized, since you can choose between twitter, reddit, tiktok, or meta. It's unfortunate that it's unlikely that a properly decentralized network for video will exist, since the hosting costs are so astronomical.
A centralized service's hosting costs are astronomical because they are trying to serve the whole world. Is your Plex server hosting cost astronomical? What if you share it with friends? Everyone contributes to a decentralized service. Piracy is decentralized, and the hosting costs are not astronomical.