Uh yeah and what happened to 4chonks?
It didn't scale up and I've never heard of it.
So you're kind of proving my point here.

Personally I would NEVER get personally involved in a project like video hosting.
It's a fucking technical and logistics nightmare with high overhead cost.
There is way more low hanging fruit around here...
But everyone can see the value of video hosting and I'm glad someone is trying.
It's just very easy to bite off more than one can chew.
Which obviously happened considering all the delays and problems we see.