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Peertube's moment might come soon
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Peertube does allow downloading from peers like bittorrent. But you still need to host the whole video, it only would alleviate data transfer. And I don't think you'd want to not host the video and rely entirely on people sharing your video and continuing to seed it for it to be available. So for running a channel or sharing videos that you have produced you will still need to host the files somewhere.