1. TikTok exists today, and the author still feels like YouTube is a monopoly. If TikTok was actually a viable alternative to YouTube, this article wouldn't exist.
2. Futhermore, TikTok is not a substitute for YouTube, especially for the kinds of content that the author is watching. People don't treat TikTok as a video library - how many TikTok videos are posted straight to HN? TikTok does not have the same diversity of content as YouTube.
3. TikTok addressed point (2) of my post - ByteDance launched in the US with the acquisition of Musically, and even then still had to pay for content. The creator fund, and now also the TikTok shop is a huge part of TikTok's content strategy.
>The vast majority of YT content is not monetized by creators, often not even eligible for it in the first place.
This is a social quirk, not something that a newcomer can replicate. The problem is, for a new platform, your best content creators will quickly defect to other more monetizable platforms once they get the eyeballs. This is what happened to Vine. If you want to have a sustainable platform you have to keep your creators. YouTube doesn't have the existential threat of the next PewDiePie defecting off the platform. TikTok paid AlixEarle millions to ensure they didn't lose her.