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I am hopeful that a sizable chunk of people are smart enough to see the writing on the wall with corporate owned media and will inevitably follow to the non-corporate-controlled places (like the fediverse model). The danger will be the model falling over as the temptation to centralise, control, and exploit becomes higher. The lemmy model only works if there isn't a dominate server with a large proportion of content right? What happens if lemmy.world gets big then just decides to de-federate? It's just reddit all over again.
This is also a major concern of mine. We ideally don't want any single instance to become dominant enough that they can afford to de-federate without much repercussion. Excessive consolidation also leads to higher cost pressures, which in turn incentivize revenue generation to fund the operations and potentially compensation for effort. Keeping everything distributed would help avoid many pitfalls.
That's why each instance should be donation funded
If a server defederates, users can stay or go. Maybe the users of that server decide that there's enough content locally sand they prefer to use what is a private forum. And if they don't, they migrate.
I think rather than a possible disaster, this is an example of the principle that we should build the web not with the intention that systems never break, but that they break better. Like letting small, healthy brush fires maintain forests instead of trying to prevent them until they explode catastrophically.