Has P2P changed much? I don’t think it has really. I use private sites for that stuff now and it’s great there, but the public stuff still seems pretty bad IMO.
Well if they don’t want their content there, then you have the whole problem if it being illegal. Now you have to convince people to break the law, and go as far as to install a VPN or whatever so your ISP doesn’t send you warnings. This isn’t a great start for something to replace YouTube.
I think Big is required for a P2P YouTube style thing to work. You need lots of peers to stream content in decent quality. You need people to knowingly break laws and use VPNs. You need people to run their own media servers, you are asking a lot from people, all YouTube is asking you to do is watch some ads or buy premium.