Any YouTube competitor will immediately be filled with stolen content, porn, and original content that violates some copyright or other.
Unless that competitor adopts an extremely pro-content-owner stance (which would put them diametrically opposed to their content creators, and render this entire experiment moot), they are going to get sued out of existence.
Why do you think YouTube's copyright systems work the way they do? YouTube's incentives are aligned with content creators - or, they would be, if that pesky lawsuit thing wasn't a constant threat.
