Yeah I agree with that fully. It's a trap. Fortunately, it seems like that lie is falling apart in various ways. Maybe I'm mistaken, but the products that went with that strategy don't seem like they're doing better than ever. I think a lot of people are hungry for better. I am.
My central issue with something like YT is not them making money as a video hosting platform. But that isn't what it is. They want to fully control the actual network. Things like Nostr have the same resource constraints, but you can't prevent me from running my own infrastructure on the same protocol. YT can. Like I can't just compete with them on that, so they can do whatever they want.