> I wonder if there's a possibility that this will shake Youtube from it's dominance.

Sadly, very unlikely. I recommend AdBlockers and YouTube app alternatives without ads to basically everyone and the vast majority of people would rather watch ads than deal with installing something even if it'll take a few seconds.

There's enough of us (adblock users) for Google to want to take profit from but not enough to make a dent in YouTube's monopoly even if we all moved to something else.