Your issue is assuming that this is trying to replace YouTube for those who wish to try and make money from this. I suspect this is much more closer to a Google videos or YouTube back in the day which was pretty much just random videos, plus lots of conferences on there (which don't get enough views to monetize). This can easily replace that and is something I would support. YouTube hasn't always been monetising and it is good if we have a competitor against it.
It's not about people "trying to make money", it's about viewers wanting to see high quality videos.
High quality videos just cost a lot of money and labor to produce. There is simply no way around this. Any platform which doesn't let creators monetize effectively will be stuck with what people produce in their free time. Which will essentially always be worse, because the competitors will have creators with actual budgets and time to work.
They don't necessarily. e.g. I'd consider Ravi Vakil's Algebraic Geometry videos[0] among the highest quality videos on youtube, and its just him talking over a screen share. Fields medalist Richard Borcherds likewise has posted a ton of lectures of him just talking while he writes on paper.
In fact, I'd expect the highest quality videos to have a relatively low viewership. Most people seem to want Mr Beast or whatever.
[0] https://youtube.com/watch?v=WTEZjR5aNjw&list=PLoaXcYRr65txn8...