AHC/WI: Earlier Youtube

With a POD no earlier than 1998 (and no later than 2004), would it be possible to develop youtube or a youtube-type site? And if so, how would it be developed, and what would the impact of such a site coming out pre-2005 (2005 is where youtube started in OTL) be?
 
I don't think it would be that much different from OT. Lame channels from teenagers desperate for their 15 minutes will have an earlier kickoff, demos from unreleased albums will see an earlier distribution and any funny events from that time will be more well known.
 
The two big concerns I would have with an earlier youtube is if there would be enough fast internet and digital video camera availability to drive the use of any site.
 
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