Youtube only cares about the big corporations and not you small timers. Now, if content is not suitable for under 12 year old, it may not be monotised. So, youtubers that carry their camera everywhere to try and capture great spontaneous video can get 1 million views and make no money. So that content will diminish. They took away the editing tool which was a great help in merging multiple clips into 1 video. Eventually Youtube will lose out to Facebook if you just want exposure Facebook is a better bet. Youtube will become like Hollywood which is creatively bankrupt.