PeerTube is a thing, though it seriously lacks content. It uses WebTorrent, so similar to how more popular torrents end up being faster rather than more taxed, wider use could lead to better stream stability. It's hard to compete with literally the largest video platform in the world, but there is a world were the tech could give a solid alternative community similar to mastodon or lemmy.
It's too expensive to host videos for free, but paying fractional cents to different providers is difficult and none of us want to deal with the current ad-financed model either.
@cupcakezealot@vertelleus Didn't Vuze (aka Azureus) try to build a decentralized streaming service once? I could see how this might work, if built on top of Kademlia and WebSeeds.
Well, PeerTube exists, but IDK how good it actually is since basically no one uses it. I also think professional content creators aren't going to like the Fediverse very much since there is significantly less money in it, but for hobbyists it could work. Of all the big social media platforms, video hosting/streaming is the hardest case to replace. It'll be interesting though. I hear PeerTube works like torrents.