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If I really wanted to watch it I'd just run ytdownload on the URL. Peertube is pretty cool though.
The second they seriously figure out ad blocking, ytdlp is gone
The second they seriously figure out ad blocking, everyone will figure out ways around it including the ytdownload app and Ublock Origin. This has already happened probably hundreds of times. There will never be a way to stop it because there are myriad ways around it.
They are approaching the issue from the wrong direction: They need to make the service better, not worse, and they will make more money! Steam/Valve is an excellent example of this because of their CEO's philosophy on "piracy", he views it as a service issue with the product itself instead of blaming people who are fed up with bad service and high prices.
Taking the approach of trying to extract more value out of customers ultimately kills the product, driving customers away and hurting profits compared to what they could have had if they'd just made a really great product with ads that aren't onerous, prices that are reasonable, as well as adequate compensation and treatment for the creators (nobody gets randomly demonitized on Steam because they featured a particular thing for example).
It’s an asymmetrical arms race, essentially. Google has to discover and block everything you could do to get around adblock-blockers. Adblock devs (et al) just need to periodically find one new way that they haven’t discovered yet.