I have standard issue adblock on my google chrome installation. I have no problem with YouTube getting pissy about it and haven't had a problem the whole time this has been an issue generally (months now).
I think what I do differently, is that I have my settings clear all cookies the moment I close the window. It means I have to log in again anytime I open a new session, but I've never had YouTube get bent out of shape because I was blocking their ad revenue.
If you can't tell, I hate all ads.