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Slashdot -> Fark -> Digg -> Reddit -> Lemmy
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this post was submitted on 12 Jun 2023
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Technology
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Digg -> Reddit -> Lemmy
After experiencing the death of two "power to the people" platforms due to profit-driven VC-backed corporate meddling, here's hoping the third platform is the charm Lemmy & the fediverse.
I don't think the Fediverse will suffer the same demise as Digg and Reddit, precisely because it's not owned by a profit-driven VC-backed corporation, but there are a couple of other serious threats to its longevity:
I think smaller instances of a maximum of 1-2000 people are the way to go for the future. Most instance owners are hosting it because they want to and they have a lil extra cash to throw at it, the 500-2000 people instances are usually funded by the likes of a patreon ko.fi or other donation setup.
These instances aren't big enough that the cost is of an instance isn't massive and can therefore avoid the likes of Venture capital and Angel investors, and if they start to reach the level where funding is getting a bit short even with donations, they can close new account creation untill the number of donators increases beyond a point
TL;DR: Essentially instances should be welcoming new accounts in waves. So that their growth doesn't outpace donation income.
I was on reddit before digg, but left reddit for digg until diggv4, then I went back to reddit lol. The decentralized nature of Lemmy and the fediverse seems like it will be more resistant to that sort of bullshit though.
I think the difference here is that Digg and Reddit were both VC-driven companies that wanted power, and the fediverse is fundamentally different.