That happened for Twitter and then defederation happened. The benevolent dictator of Mastodon did NOT stand up for freedom of speech for art, and that headshot Mastodon dead.
Same almost happened with Bluesky later at much smaller scale due to skepticism and again moderation happened.
Same almost happened with Bluesky later at much smaller scale due to skepticism and again moderation happened.
That's why Twitter reigns supreme.