> 20 subscribers basically means that not even your friends and family are looking at your channel.
I agree with your interpretation overall, but there's other factors at play:
- Peertube isn't trying to force everyone to have an account like Youtube is
- the Peertube federation is much younger, and some would say it reached maturity for broader usage very recently (this year)
- view count does not account for people downloading the video directly using HTTPS direct connection and/or Webtorrent, only those using the default web client