Earlier quoted context omitted.
Along with uBlock, there's nice extension called SponsorBlock that uses crowdsourcing to block in-content ad placements. edit: Did not notice this was already mentioned. Sorry!
I have always wrestled with the ethics of adblocking YouTube. If am subscribed to a channel, that means the content in that channel has value for me. And it is only fair that I provide some value to the content creators in return. Otherwise it is theft. Anyways this is my reasoning. Hence as much as I find ads to be annoying, I put up with them. I am considering cancelling my Spotify subscription and using the saving…
That seems like a good balance for me.