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So rich users and outside whale speculators can pull the governance strings of the next Twitter? How is that any different from the existing investor-owned models? Decentralized social media like Mastodon already exists and is doing is great things. The federated model provides a very flexible way for governance to be broken down into smaller communities as needed.
NOTE:
The number of mentions on this list indicates mentions on common posts plus user suggested alternatives.
Hence, a higher number means a more popular project.