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@thenexusofprivacy @rysiek where I keep getting hung up is "who controls my identity and content?"

On the fediverse, my identity and content are absolutely controlled by my instance, which makes that a huge obvious centralization point.

Sure I can "migrate" my identity, but that just causes (many of) my followers to automatically follow the new account, which comes with its own new identity. Now there are two identities out there. Unless my instance goes down, in which case I cannot "migrate" my identity.

But then, topologically speaking, even if I host my own instance on my own domain, I can't ever point that domain to a different instance without causing federation problems that require all the other instances on the fediverse to take action to get federation going again.

Those two things make my experience on the fediverse incredibly centralized.