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YSKs are about self-improvement on how to do things.
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The nice thing is that if things do become shit on one instance, the rest just disconnect. The lack of total control over the system by one entity ensures that there is no complete capture to enable the enshitification from taking root and destroying what is good about it.
I am hopeful, but I am cautiously sceptical. I remember hearing about cryptocurrency taking off in 2011 and all about how it was decentralized and was immune to corruption etc and then a decade later seeing SBF types in the news.
The difference here is that there is no supposed or even desired value from the people participating here. We're not all trying to get rich off of this, nor are we trying to replace all forms of communication here like many crypto purists wish would happen with Bitcoin replacing the dollar. Nothing rides on this being a success, perpetual growth isn't necessary, and defederation doesn't mean that our communities wouldn't still have worth to us.