The thing is, when I was younger, there was no YouTube. Everyone was watching TV but when ebaumsworld came along, I was obsessed with watching videos there even though the "quality" wasn't as good. Grainy videos were far more interesting to watch than shows on TV with production teams and all that. I don't think it is necessarily about editing. This guy PhilipsoloTV became popular overnight with very amateur videos that were really entertaining because of his personality. I think people eventually reach a point where they try to game the system as opposed to creating content for the love of it.
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Well let's see if I can put my thoughts into clearer words. Maybe it's not editing per say but most videos nowadays will have quick cuts to different scenes to keep things exciting. I agree with how it was back in the day but now there is just so much more available. This goes for everything. Music. Movies. Books. Games. Even TV itself. There are more channels and options. Entertainment itself is saturated or overly competitive.
What do you mean by gaming the system? Just trying to make money from it?
Yes. For example, fake pranks, lousy TOP 10 videos, drama channels, etc.
I agree that people generally need more stimulation to stay engaged. It is a natural process when you have access to so much in an instant.