this post was submitted on 22 Feb 2024
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It's such a thing a privately federated system? Seems like an ideological contradiction..
This is the same criticism that was made of cryptocurrency's claim to fame regarding decentralization, consensus, and resilience to authoritarian takeover.
And ultimately we can make the same criticism of the Fediverse itself. It's nice that there are different platforms, different instances, different communities... but it's still just one entity at the end of the day. This is especially apparent with the spam wave we just saw. Misskey, Mastodon, Lemmy, even kbin was not invulnerable. You don't need to attack them individually, you can attack them all at once, and then they will naturally spread your attack to other instances for you.
What's the corporation behind Bitcoin?
Tether Limited.
Investor = owner?