You are using Adblockers to circumvent the primary means of making money on YouTube while enjoying the services for free. Sooner or later, they will block you from using the application.

"Lacks Advertisement" is not the main point. It's one of the points. Ability to play music in the background is one big advantage.

I am waiting for YouTube Red to come to my country. It's one more subscription to add to my already big list of subscriptions. But for now, I can see the value in it.