Youtube maintains very large storage capabilities for the content. I am not so sure such storage can be found and hosted in a decentralised manner. But at some point, increasing storage and network abilites may make this possible.
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We could technically upload our videos as private and not monetize them, then posting the embedded links in here :). YouTube wouldn't make any money off of that :). Pretty evil thought...
Somehow, that does not seem to be the right approach.
I don't think it's possible to embed private videos elsewhere.