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I'd go with state actors first.
When a particular social media platform is centralized, you can buy yourself a say percentage of stock and have sway over it (cough tencent), or have a useful idiot ruin the platform (cough musk), or another useful idiot to run propaganda you like anyway (cough truth social, cough fox news, cough newsmax...), or yet another that will sell out it's host country's citizens for cold hard cash (cough facebook).
But when that social media platform is decentralized? Well, then you'd need to figure out how to poison the well early on to stave off adoption. The Saudi Arabias, UAEs, Chinas definitely don't like the idea of lemmy, and it'll be way harder for them to control if critical mass is hit.
Yep, that’s a great point.
Add to that the fact that mainstream social media companies wouldn’t touch DDoS and CSAM attacks with a 100-foot pole, even if they contracted with a third party. Both of these attacks are highly illegal and would surely ruin a publicly traded company (or one that’s trying to go public, like Reddit).
And don’t forget Russia in your list of state actors who are threatened by the unrestricted flow of information. They definitely don’t want their citizenry to be informed of how disastrously their invasion of Ukraine is going, or what a murderous scumbag Putin is.
You don't get a lot of upvotes and sure we don't know but it isn't like the NSA infiltrated (in person) left wing groups and more.
It's definitely a possibility that someone doesn't like decentralised content enough to put some meager efforts against it.