this post was submitted on 12 Jun 2023
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I've thought about this too, but consider a situation where Reddit is exactly as they are right now in terms of amount of users, except imagine they were federated.
The moment they try to pull something that upsets their users, instead of causing a big hassle and leading to a massive community diaspora, users could simply switch over to another instance. They would continue using the exact same apps and interacting with the same people, but Reddit as a corporate monolith would simply fade out in favor of something better.
Honestly, I do agree that it's likely that over time some instance will get too big for its own good, but that problem is so much easier to deal with here.
While I generally agree with you, the problem is, that we already have precedence going in other directions.
Web1 was initially very decentralised. Usenet, static websites hosted on small servers, etc.
Web2 made the internet much more accessible, but people consistently preferred well polished easy to use centralised services instead of the "slow and less UX optimised" decentralised alternatives. Even email isn't really decentralised today as people don't boycott (or care about) the big email providers (Microsoft, Google etc.) censoring or blacklisting mailservers outside of their walled garden.
I wish, that the people have made enough bad experiences with web2 to actually understand and care about web3 federation. If they don't understand why this is necessary and just go from one company to another, then we'll be doomed to repeat it all again... Let's see.
Obviously the people already here are slightly biased. It's a big task to get the Reddit people off and into the Fediverse! But we can do it!