Earlier quoted context omitted.
It would be cool if anybody else could make a real competitor to youtube then Google would have to actually cater more to content creators. However, sadly I think youtube is just too far ahead and google has way to many resources and time spent in the space for any competitor to even be able to make a dent into youtube's market.
youtube is a huge moneysink. not only would it be hard to build, it would never bring money. Google has entrenched themselves in a monopoly here. I think antitrust laws should be applied.
I think that ideally the legal problems that lead to stuff like content-id being necessary should be resolved so that you could theoretically have competitors but why should the thing that is a huge moneysink be forcibly removed from the company that sustains it?
I am definitely in the top 1% of people that hate Google but I fear that anyone besides Google would be pruning videos from Youtube at an amazing clip.