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I don’t want a Meta account, but I want to communicate with the billions of people who do, including all of my family and friends.
But that is the power of the Fediverse. There is room for both small isolated instances as well as those that are part the larger “main” network, and everything in-between.
So they have a bunch of users that have been freely paying them money for virtual coins that you can literally only use to display a few pixels of a gif next to a comment.
Their absolute genius move towards profitability is then to forcibly stop making these people give them free money and also erase those virtual coins that they spent money on with absolutely no compensation whatsoever. Not even a shitty award or literally anything at all.
It’s funny, I’m not sure if I should actually be impressed that they are not engaging in any marketing dark pattern whatsoever; they are just straight up alienating the people who were until now been practically giving them money for doing nothing.