I switched over since I heard it was more privacy friendly than YouTube and have been using the platform for a while without issues, but this cookie banner just popped up. You can opt-out of things like "Access precise geolocation data" but a lot of other information is still shared by third parties and not opt-outable.
It seems "Reject All" is the correct choice here, but I'm not sure if it is the best choice for browser users who have to constantly log back into their accounts.
Are there any alternatives I should consider? PeerTube seems really empty so I'm not sure what I should switch over to.
There are no other big platforms. There was a very extensive discussion about it recently. Making a service like YouTube is extremely expensive and not even very profitable. YouTube exists because Google has the resources to maintain it and it's too important for everyone to shut it down.
You can either use YouTube with a ton of privacy hardening (using a private browser or a VPN) or host videos on your own website.
It seems like I will start using a YouTube frontend. It's really sad that Google doesn't have any competitors in this area.
YouTube was Google's competitor, or rather the other way around. Then Google bought them. I can imagine they'd do that to others if they could.