And just to head this off, the dimension of palatability to advertisers is separate, and if a site chooses to quarantine or whatever, so be it. I'm speaking merely from a framework of, "is this the kind of society we want?", as opposed to, "is it feasible for a profit-seeking corporation to adopt such an open policy"?
This is the issue, if you are saying YouTube should allow all content then you need to be consistent and allow all content. If not you really just disagree on what content should be censored, but then you can't make this out to be a censorship vs free speech debate, because you agree on censorship, just not on what gets censored.
An adult should be capable of consuming information from disparate sources, especially distasteful ones, and formulating logical arguments to deconstruct those positions. It takes some practice. That practice can't be done in an information vacuum. If there are deficiencies in the population's ability to perform the above, then we should be rectifying that through education (whereby I mean improving how people go about mentally solving problems), rather that scrubbing the world of "bad" data or opinions.
Entrusting institutions to ban media is essentially saying "These people know what's good for you, better than you do." and I absolutely abhor that sort of arrogant, misplaced, condescension. It often comes from people who are intelligent, but nowhere near as infallible as they think they are.
What should be protested is that there isn't really anywhere else to go -- and the best form of protest is to build it.
David Icke is not spreading information. He's spreading nonsense about lizard people. That's objectively true.