How many centralized social networks have failed too? Most of them.

A lot of successful things have had similarities to previous failures. The first step is to actually try something new instead of sitting around nay-saying everything.

Personally my opinion Youtube can keep the the drama rage videos, or they can fall off the face of the internet. I just want educational videos and music without constant ads, and I don't want to create some entity with absolute power to censor content for the rest of the internet.