The fediverse isnt a competition and nor we we should try to replace gaint companies(even tho that it would be great) rather stay as a free alternative to those platforms.
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I don't care either way, but I hope they'd be welcome as long as they kept their instance cleaned of the kind of things other instances have been defederated for.
If meta wants all the data there are plenty of other ways to get it, pretending the fediverse is an impenetrable shield is silly. And maybe more people will learn about the fediverse in this way.
It can be both a "good" opportunity and bad but given the way Meta had to change its name to Meta after getting into trouble with running its platform to encourage fascism in national election outcomes ... I think it's safe to say the good that could possibly come of the federation does not outweigh the probable bad. I don't agree with anything Zuckerfuck touches being anything close to reasonable to work with. Meta/Facebook's track record isn't something to ignore.
the whole point of federation is networks being able to connect to each other. it will hopefully be a matter of course in the future.
People are scared because they don't know what will happen. It's basically conservatism at play and "the others" getting into a platform. Reality is - nothing of substance will happen, other than more users being able to communicate.