FediTips has moved!No, it's not. That option is about whether your posts are indexed by search engines like Google, DuckDuckGo etc.
Your server mastodon.cloud isn't on 4.2.0 yet, so you don't have this setting yet. If you ask your admin, they will tell you when/if they are upgrading.
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All GNU social JP content and data are available under the Creative Commons Attribution 3.0 license.