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This is true but I think OP meant Internet Archive in addition to self hosting.

> use the Internet Archive (at https://archive.org/) and your own hosting instead of YouTube

Use IA to set up a canonical, permanent URL for the media, which resolves to a host under your control as long as it's available, then resolves to the IA-hosted archived copy if your site ever disappears? As long as the URL doesn't change, a CDN could do most of the heavy lifting anyway, right?

No, OP meant embedding Archive hosted assets onto your site, or any site.

> You can use [the Internet Archive URL] in an HTML5 video or audio element to embed the data in a webpage

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