I started another thread by accident as I didn't notice this one (for some reason I had to search for "COPPA" a few times before something showed up?).
Anyways, after watching Dave's video I decided to ERASE about a dozen or so of my 300+ videos completely (less than 5%). I made my entire channel "NOT FOR KIDS" and just decided to delete anything that could remotely be construed as being something that YouTube may show kids.
Examples include videos of animals, bunnies, baby mice, gerbils and whatever else I happened to upload over the past few years that had any sort of "cuteness" associated with them. Similarly, certain toy reviews I did (electric track cars, magnetic shape blocks, ball bearing mazes) and some video games (LEGO racers) went into the dustbin of history.
I did keep some video games that are not kid-targeted but have a bigger teen and adult audience, some retro games (which kids wouldn't know about), RaspBerry Pi stuff and so on. This is a very grey area.
The accumulated number of views on those dozen or so videos I deleted was maybe on the order of 10^4 views, compared to my overall channel views in the order of 10^6, so I don't really care. I'm not making any money on this anyways, it is a hobby. I enjoy sharing and talking about stuff, helping other viewers fix things or see before they buy.
I feel bad though for actual creators who make a living on this platform. Perhaps the day will come when YouTube will be meant only for professional creators and average users will not be able to upload at all. Then they will be another streaming service competing with large corporate streamers (like NetFlix, Disney and so on) just with more indie content but still professionally produced. They must be running out of room on their storage servers. Anyone who is depending on YouTube for their livelihood should start preparing for backup options as it is always good to have a planned exit, or diversify their income stream now and not depend exclusively on YouTube.
[EDIT: Added the following after, before any additional posts to this thread....]
I was thinking if I would still put up videos if YouTube decided to demonetize completely, and to be honest with myself, I realized that I wouldn't have the same fervor if it wasn't for the money. Not that I'm getting rich on YouTube.... I may get a payout of $100 every 4 or 5 months, maybe longer. That is enough to buy a bunch of cheap stuff off eBay and play around with electronics and do some reviews or kit builds. It is a token "thank you" but nothing more, a sort of nod from Google to keep going.
My kids of course think they all want to be YouTube stars when they grow up. I keep telling them to look away and keep walking. That's because they see this crap on YouTube and think it is real life. They believe that every kid-produced channel that has millions of hits is just a little kid doing everything, but there is a production team behind some of them and lots of time, money and energy spent on it.
One channel my kids enjoy watching out of Australia is called "The Norris Nuts":
https://www.youtube.com/channel/UCYd0us2OtW4d4-1cfpT2ktwI wonder how their videos will be affected by this? I know it is out of US jurisdiction. They have 3.39M subscribers and 919,556,423 views. With that kind of popularity I believe they have money pouring in from YouTube. They also have a shop selling their brand. It is an entire production at this point, and Kudos to them for pulling it off! If they are doing it themselves it must take quite a bit of work editing the videos, perhaps one of the parents is spending hours a day doing this. Not every kid can be a YouTube star like the Norris kids.
They are deep into this.... look at the article:
https://www.totallyawesome.tv/blog/top-global-youtube-stars-ckn-toys-and-the-norris-nuts-join-the-likes-of-jojo-siwa-as-kidfluencers-on-fun-kid-safe-app-popjam/#more-2301
They clearly appeal to kids... they are fun to watch and younger kids (under 13) enjoy their antics. If YouTube destroys their income with the COPPA laws, what then? The Norris Nuts may have enough side-projects that they can develop other revenue streams if YouTube dries up. It seems like they are fairly diversified. It may mean that most kids channels end up doing direct sales or embedded ads in their videos and demonetizing completely, so YouTube no longer has a conflict with paying advertisers.