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amio ,

We can build a new youtube tomorrow

Unfortunately not. The cost would be astronomical. Youtube bled money like a stuck pig for a long time, and their monetization has turned out predictably awful, every time.

Don't get me wrong, the competition would be great, or at least having the option of something... less Youtube. There's a reason you don't see a lot of alternatives around, though, and certainly nothing at the same kind of scale.

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