English has "thou", which was the singular second person pronoun, and "you" which was the plural second person pronoun, but also used as a more formal, polite singular second person pronoun. Through a kind of formality inflation, everyone started using "you" all the time and abandoned "thou". Contemporary standard English doesn't have a plural second person pronoun, but needs one, and so "y'all" (or "ya'll") is being used now in some regions.
Not sure how my comment is “exactly backwards” — it’s logically consistent with your (new) comment. My point was that, relative to you, ye makes a case distinction (nominative), and that relative to you, thou makes a number distinction (glossing over formal/informal).
We deprecated ye and thou, but it’s the latter that “requires” y’all, because only thou (relative to us still having you) distinguishes the number of people.
Edit: put another way, “thou/thee is the one with number” meant that reintroducing them would create a number distinction.