Can't help but feel the damage was done though. I expected them to reinstate many of the videos, but like others, I started digging around for a more decentralized video hosting option. There's still some room to grow in that area, but some dApps for decentralized video exist and their token value also saw a significant amount of growth in the last week - I expect largely as a result of the YT takedowns. Time will tell...
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If it is completely discouraging, this happened because the damage for many youtubers is done.