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Why the Fediverse is not (yet) Billionaire-Proof, or: The 51% Attack for the Fediverse
(fungiverse.wordpress.com)
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This is nonsense. The fediverse isn't cryptocurrency. Having 51% of the fediverse doesn't give you any more control than having 1%. If your instance(s) implement a feature that the rest of the fediverse doesn't like, they can defederate.
If 49% of the fediverse defederates from the other 51%, it is now 100% of a new, smaller fediverse. You can't just claim that "network effects" will cause them to go extinct. Whether those instances have enough userbase to sustain a cohesive network depends on the actual number of instances/users. And the fediverse has sustained itself for over a decade with less than the current ~2 million accts and most of that time it had substantially less than 1 active accts.