Originally Posted by JoeD
tl;dr it's legally more viable for me to record my own version of a song and sell it on itunes than it is for me to record myself practicing a popular song and show it off to people for free on youtube. Seems backwards.
Legally more viable, but functionally not. If you don't have the youtube channel, then you won't get many sales. It's all about getting attention and advertising, and the RIAA wants to choke that off from anyone who hasn't signed a record deal.