I don't own this video, just got it on my sub box and though it was interesting
This videos explains it well. While it still sucks that this is happening, it does explain it a bit better in the long run and how YouTube works as a whole.
Thanks for the video share, I thought the video was exceptional!
They bring up a very good point, and something we all miss when we hear this is:
It allows us creators who actually try to create content make more money in the long run. Now our CPM is higher and more ads are shown because they aren't always being wasted on somebody who is spamming random videos and using viewbots to make money. There is more money for the creators still going because they won't have to pay $0.30 to someone who quit a long time ago, and that adds up. My old YouTube channel was still making a tiny bit of revenue over the past few years from the tiny views it was getting and now that money is actually going to people still trying, they can make more, and advertisers will feel better that their ads are being put to better use.