I ignore any link to v.reddit. the player and experience is garbage. And it's not a problem you can just solve because you want to, there are plenty of dedicated web video companies that do it with varying competence from average to badly (vimeo, dailymotion).
When it works at all it's been fine for me, but sometimes I just get a black box
Like most new ventures, iterating is key to improving the product.
There's a difference between iterating based on community feedback, and "iterating" based on artificial requirements not defined by the community.