Even if it succeeded, it would be yet another cat-and-mouse game with Google, for little benefit. Of course anyone is free to work on whatever they want, and I might use it if a solution existed.
Nymphcast and Kodi work relatively well as a substitute, but aren't integrated in google's products like youtube (you can still use "share to" usually).
Nymphcast and Kodi work relatively well as a substitute, but aren't integrated in google's products like youtube (you can still use "share to" usually).