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The decentralized web is growing
(jlai.lu)
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this post was submitted on 18 Jul 2023
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YouTube probably isn't worried about open source competition, but Twitch could be a real competitor. Twitch already captured a large chunk of gaming, especially the live streams.
Twitch could have massively ate into YouTube if they wanted, but they must have decided it wasn't worth the cost to host videos.
Twitch would need a lot of work to make videos more first class citizens, that is probably more the reason than storage costs. They have Amazon backing them now with basically unlimited storage potential.