At least for me it seems like a good idea. I do not necessarily agree with Lemmy devs politically speaking, but at least they had the decency to make it a federated platform and to not maliciously concentrate people only to their instances. Participating from other instances is mostly hassle-free anyways. We can be civil here.

This is essentially the final stage of any ad-supported and VC-funded platform’s inevitable march towards enshittification.

Nope, I think the enshittification started well before since the mid 2010s, with the new design and the slew of increasingly user-hostile changes that started rolling ever since. But now with the public trading attempt and VC capital drying up everywhere it seems that all the big tech corps are slamming the gas on the enshittification machine.

Either way as a budding Rustacean I’m all for migrating to Lemmy. It means future proofing the community thanks to fediverse capabilities.