@mmasnick I'm skeptical of their survival - they have yet to engage with many of the really hard problems of moderation in a federated world, and with governance and funding as they move away from centralization.
But that said, the enemy of my enemy is my enemy's enemy. I'll cheer them on to the extent that they don't become my enemy. :)
I wish them all the luck engaging with these problems and hope they succeed and become part of the wider federated social media space.