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What if we started uploading YT videos to PeerTube?
(slrpnk.net)
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PeerTube can't store all videos. Only Youtube can handle the storage cost by using ads due to the massive amount of users. But you could still have a list of links etc. for videos. Maybe stream directly the video youtube but never be on the youtube site. This might already exist in form of FreeTube. It only misses the possibility to view PeerTube vides as well.
With enough PeerTube servers, it might be possible 😁
Maybe with different servers. But then you need a good aggregation tool and seamless experience shifting between them.
They just need to be federated and all content from all of them is available on each server.