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Honestly that is a great idea. With a p2p network you could have automatic NAT traversal so that all one would need to do is run a client on a PC that would be the central source for content. From a viewer perspective you could have some sort of caching system that would reduce the network load.
I don't see Peertube doing anything like that and the current organization behind it isn't great. It needs a lot of funding and ambition with a clear monetization strategy.
Peer tube already supports P2P. If 10 people are all watching the same video they'll share pieces to other people.
I was trying to throw it up in my home lab a couple of months ago and having to set it up with public access DNS and namespace beforehand seemed unnecessary. If there was an option where At least in part it were just like a torrent client I think it would go over a lot better.
I think it needs a more decentralized architecture with central control servers managed by a company. The community would do the bulk of the lifting and the company would scrap revenue off the top. They would manage a payment system for paid content and merch.
No good having it centralized and managed by a company.
It will never be all that useful then. You need some sort of financial support. Video content is expensive.