Perhaps controversial, but I rather just have ads. Not that I do not think this is a preferable model, but rather, donates cost real money and ads cost nothing except time.
While time is finite and valuable, if I am already on YouTube, then I have already committed to choice of wasting that nebulous amount of time in the first place.
I’d absolutely rather give money. For me there’s a lot less friction in that even if technically it costs time all the same. With a job I have control over how I convert time into money; not so with watching ads.
As much as youtube can waste time, I also feel like I’ve been given genuine value by certain people on the site, so I wouldn’t say it’s simply wasting time.
I watch quite a large array of channels. I am not sure I could feasibly afford to donate a meaningful amount to all them. So then, I am forced into the dilemma of deciding which ones are more worthy than others, and that is not something I am particularly willing to do.
If one's patreon did have perks associated with it, then I would be more inclined to 'donate', as well.
I feel perfectly able to decide where to allocate money. For instance, one channel has functionally introduced me to modern philosophy and inspired me to start reading a ton. I took a class and read a bunch of books I otherwise wouldn’t have. Another channel makes funny ten minute joke videos once a month. I feel totally okay giving the former way more money; they’ve provided me more value by a long shot.
While time is finite and valuable, if I am already on YouTube, then I have already committed to choice of wasting that nebulous amount of time in the first place.