Aside from the "moral" argument, can someone ELI5 what harm can a federated threads.net do on other users (like me) and/or instances?
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You should look into Embrace, Extend, Extinguish. I think the biggest fear is that they have so many users that they will just flood all instances with their stuff. This can, in time, lead to a situation where they can defederate from everything else and bring a lot of people with them, since most of the content will have come from Threads.
Defederation is cancer and it will kill Fediverse faster than any Meta.
Oddly, this may well be what really spurs on decentralisation. I suspect more and more individuals, or small groups, will spin up their own instances rather than all gravitating to the bigger ones, due to issues like this.
Because, ultimately, the more tech-savvy users (the ones more likely to be into the Fediverse, anyway) will want to decide for themselves what content they do and don't see.
And it's nothing to do with whether or note someone likes/trusts Meta. It's people being able to make their own decisions on what content they want to be able to follow and not have it decided by someone else based on their interests. If someone's friends/family/fandom has a heavy Threads presence, they can spin up their own instance and be able to follow that content themselves without it really affecting anyone else. (and without having to sign up to Threads themselves...)
Well, I said before I'll leave any servers that federate with Meta, and it's looking like that time.
I hate Zuck and Facebook as much as the next person, but I think the rollout is going slowly enough that we don’t need to fight about it yet.
The discussion is important and needs to be had, but it’s premature.
Is threads.net going to hit the top of "most defederated" list? People hate it even more than gab and truthsocial.