Way more likely “rip” or “HDrip” instead of XviD, which is (or used to be) a super common video codec. Like X264 today.

1. In this case, the service is disconnected from your data. With Google et al., your data is the product.
2. Closing or some other form of taking your banking account hostage until you give them permission is not exactly something that should ever be possible to happen. This kind of service needs to be heavily regulated. Much unlike Facebook or some other social media stuff.

Peertube? Is that a thing or just an idea you just had? Sounds amazing!