Twitter wasn’t just software or visible leadership (for better or worse) but an entire important slice of Internet history.
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Twitter isn’t important and federated social media will replace it to a point that it won’t be anything more than a footnote in twenty years, or an unfortunate hurdle that was overcome as the internet matured.
Mind if I ask what makes you believe that federated social media will replace the mainstream ones? Literally everyone around me, everywhere I go, have no clue about any social media besides the big ones. I tried introducing mastodon to a few, but they found it harder to use.