I think we need to remember that this could be the start of something good if we’re careful but could easily turn dangerous. Anything you post on the Fediverse is already public anyways so I don’t see why people are worried about privacy.
Public platforms could still have issues with privacy too. The platform could profile its users, sell that information and bombard targeted ads or algorithm curated content at users. These aren’t a thing here in Lemmy or elsewhere fediverse, other than Threads…
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