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My fear is that even if you're correct, as the internet monoliths that have been built one the past decade fall to federated software, we will lose forever an unbeatable amount of arts and culture that has been stockpiled in these corporate spaces. Think of all the great educational YouTubers whose videos won't be able to be passed on to whatever the next thing is if YouTube collapses.
Those folks will re-upload old content onto the new platforms.
Unfortunately, this isn't likely to happen. Video files are huge (tens or hundreds of gigabytes) and many creators delete old videos once they are uploaded to Youtube so that they don't run out of space or keep having to buy more and more drive space. Even tech YouTubers like MKBHD pull clips from their old videos directly off YouTube because they no longer have the originals (he did a podcast talking about this)
That is stupid. I get that smaller creators it maybe lesss feasible to backup. Because they don't make enough money. But a video file, certainly if you put same compression as yt, isn't that big. Say one gb per vid, that is 30 gb a month (say times 3 for redundency) you have less than 1tb a month, of lees than 60 bucks of storage drives a month. Small price pay for someone that has a million dollar studio to not be trusting on yt for your videos. But thay also disn't talk about the risk of putting your 2fa in the cloud, so i am not that surprised
Many do not have million dollar studios though.