It sucks to see everyone rely on the centralized platforms and I agree with the Youtube creators. They are always stepping on nails as they to avoid anything that would give them a strike. There is only so much money and there aren't many people who can make a living off of it. So I don't think it's the future but I also don't think the model will disappear.
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The model will not go, this is how web2 is built and I don't see them trading that identity irrespective of the evolution that happens with web2 monetization. As for YouTube. The money will only remain there for the selected people while YouTube keeps raking in billions through ad revenue.