> And yet many people don't want to pay for YT Premium. YouTube wouldn't exist if targeted ads didn't exist.
Is that actually true? Did pre-google YouTube have the level of targeted ads that we have right now? I would be incredibly surprised if the level of surveillance at that time was anywhere near what we have now. Granted, Youtube would almost certainly not be as profitable as it is right now, but I do think it would be possible.
That said, I don't think you're wrong; things would be pretty different, but I also think this might lead to more competition in the video sharing space. As it stands right now, no one can compete with the market dominance of YouTube, particularly because of their insanely good recommendation system.