I like the idea of PeerTube, but I tried running an instance and was unable to sustain the experiment for too long. I made it very open and it got quickly flooded by pirated TV series and spammy and heavy content.

After that, I had a difficult time at some point finding an instance to host some videos I wanted to upload - and, having had that failed experiment before hand, I can see why the instances that do survive are often those with more stringent filters and less generous with resources.

So, I am sorry to "chime in about the shortcomings", but hosting a PeerTube instance can be a demotivating experience. You set up the infrastructure expecting to contribute to a space reminiscent of the old youtube, and you see it filled with spam. The signal-to-noise ratio is just awful and it is expensive. To avoid this, you can be an aggressive gate keeper - but this makes the platform less friendly to people who are looking to find a space to share their original content. Gate keeping is also an additional effort that you need to make. In the end I chose to just shut it off as it was more of a hassle than fun. By comparison, hosting a Lemmy instance is fun, much much cheaper, and little hassle.

I still haven't given up on the idea of Peertube, though... I have some video ideas, and when I finally get to making them I plan to make another instance to host only my channel. Then, I would be able to host my own channel using my own infrastructure via a federated network. This use case would work very well for me, and it can probably work for many others. So that is one way of building the Peertube network.

General permissive video uploads is something that makes YouTube such a powerful platform though, and that is very difficult to replicate.