This is a hugely important tool for YouTube as a global platform. People being able to enjoy creators who speak other languages without creators having to rely on outside subbing services. Very disappointed in this decision
Captions are such an important accessibility feature to so many people and without these community-based captions, creators will either have to lock out their deaf audiences or spend a lot of time or money making sure their videos are accesssible. This is not about the profits you can make with this feature, but about accessibility.