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It feels like one of those magic times users revolted (I.e. Digg), but then I look at Mastodon and Twitter and am less hopeful.
The optimistic outlook on it is that unlike Twitter the quality of content on Reddit relies on moderators who have no official capacity from the site. Twitter is moderated by people who are paid at Twitter, so moderators leaving the sub (and taking the curation the users enjoyed with them) is much more impactful.
50 million of users won’t dissappear in a day or two. That said, I really enjoy this Fediverse and in time this comunity have the potential to impose himself as the " true open " alternative to Reddit, a bit like Linux with Windows back then.
I really don’t miss Reddit at all.