this post was submitted on 30 Jun 2023
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The problem with YouTube is that free alternatives don't pay content creators. In Twitch's case for example, they are seeing a real threat because Kick is offering tons of money to popular streamers to bring them to their platform.
Reddit doesn't pay to content creators and mods, this makes it easier for competition to take some of their audience compared to YouTube, which to some, is their only source of income.
Decentralized places like this only need to worry about making the joining process much more simplified, there is no need to overthrow Reddit, just make it a viable alternative when users get fed up with their shitty practices down the line.
Very well put. In case of Reddit there certainly is an angle to make money by creating community, providing support, some light self-post advertising etc. you get the gist but it's all indirect compared to YouTube's revenue model.