Too much $ to host videos from the sound of it. Too many instances vanish. Strict upload limits means it’s more suitable as a gif meme host for your element memes that you don’t care about than an actual YouTube alternative.
Anyone else feel similar?
As others have alluded to, hosting videos is not cheap even with webtorrent enabled. There probably needs to be some sort of subscription model or at least a large enough donation base to run this sustainably. And it is also hard to attract content creators when the incumbent competition is actually paying people for it.
At least the latest released added automatic mirroring of YT channels so that maybe some content creators will at least put up a mirror on a PeerTube instance.