True, but in order to make it a healthy viable alternative to centralised platforms then there needs to be a financial incentive for creators to use peertube. I guess any creators who give a shit about this kind of thing could upload their content to both platforms, but doing so could have an impact on their YouTube earnings.

Early youtube was beautiful precisely because it was normal people making videos as a hobby, not trying to earn money.

It was also a novelty as it as very new, but the quality of content being put out now is significantly higher than it was in 2005.