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I will, but not in the first version. VP9 encoding and webm container format are pretty cool, however there is no general cross-platform native support yet, so for now it makes sense to keep things simple, and stick to H264.

If steemit.chat can handle it, I'm sure it wont take too long in this project :p

I would like to stick to a single format, to keep storage costs low. Thus, it makes sense to use formats that are natively supported by all devices OOTB. We are close though, very close.

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For most video creators they're used to making videos with H.264. It's best to match what YouTubers are good at doing right now than improving and offering way more solutions in the future!