Basically, it's users are very entitled.
Nothing about Youtube the platform needs to change. It just works.
The algorithm's goal is to maximize revenue or profit, and what does that doesn't change that dynamically. This means the metagame is inevitable. You're essentially asking for YouTube to cut their goal for an unclear long term benefit, and we all know how those conversations tend to go.
Every corporation owning more than 50% of a market should be broken up. But then, USA wouldn’t reign on the international culture.
Not to mention "sort by oldest first".
would you like to remove the ability to add labeled chapters to your videos? would you like to remove browseable transcriptions to videos?
Youtube has a ton of things that it still needs to add, such as embedding multiple audio streams so you can have more than one audio language in the same video (I think they are testing it currently), or being able to better modify a video after you've uploaded it. Adding audio normalization to ads so they are not louder than the video they appear in? Still waiting.
Point is, there is a ton to innovate and I think you are quickly forgetting all those useful features that came in the last 10 years that were't there before
Youtube was fine years ago. People make stuff, I subscribe and watch it. Sure throw in some algorithmic discovery on the side. Bring back dislike count.
Other than that I don't care for any innovation. Just keep the lights on.