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nope, site is a site, it does not matter to google/surfer ., if surfer finds the video /content entertaining ,it/he doesn't care whether the video /content is embedded or not. isnt it same as hosting images to imagur and using those images in your website. ?
it does matter to hardworking webmasters though. again the tube sites are the ones allowing embedding their (/stolen/user uploaded) videos.
edit: i dont own such sites, its just my opinion .
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