This manifests as buffering on slower connections, where YouTube or Vimeo would just downgrade the user to a lower bitrate transparently (or nearly transparently).
An end user today will expect that behavior and have very little tolerance for buffering if their connection is unable to smoothly play the one bitrate the creator published (no matter how fast the CDN is).
Edit: I’m aware that it’s possible to do adaptive bitrate streaming outside of using Vimeo or YouTube (as several commenters have explained below) however this isn’t what TFA describes and I think it’s important to note this deficiency in the author’s described approach to serving their own video.