Which description? That Wikipedia article says “The aim is to provide an alternative to centralized platforms such as YouTube, Vimeo, and Dailymotion.”
The difference to YouTube is that it’s not intended to create a huge platform centralizing videos from the whole world on a single server farm (which is horribly expensive).
From their website. It’s a very different system, and also not funded by advertisers, which means someone else has to pay the bills.
https://en.wikipedia.org/wiki/PeerTube
They explicitly say in their description they’re not a replacement for YouTube.
Which description? That Wikipedia article says “The aim is to provide an alternative to centralized platforms such as YouTube, Vimeo, and Dailymotion.”
From their website. It’s a very different system, and also not funded by advertisers, which means someone else has to pay the bills.