It's not P2P, it's federated. Anybody can host an instance and probably that one has low bandwidth and isn't mirrored by other instances.
Instances like https://tilvids.com/ or https://video.ploud.fr/ have better bandwidth.
Instances like https://tilvids.com/ or https://video.ploud.fr/ have better bandwidth.
It's both. PeerTube instances federate with each other, but the video player uses P2P to spread the load between viewers.
So you could have a peertube.au instance dedicated to seeding content from other instances on an opt-in basis (instance following other instances, and giving them a certain disk quota).