If steemit had a video hosting or at least a decentralized partner, YouTube could get into serious trouble soon. There's no doubt about that. Currently we need to store our videos somewhere. But still their value is more appreciated here on steemit.

What can I say... I'll go on vacation paid with the money I've earned on this platform. Facebook didn't even send me flowers in 10 years...😉

I guess you've given the answer by yourself.
Happy steeming