I think the hype is driven by people that just want Twitter without Elon and realized the Fediverse is not that. I know that by saying so I somewhat sound like the people that the article is criticizing, but I think people that want Twitter without Elon are missing a big part of the picture, i.e that Twitter was and is bleeding money fast, so "their" Twitter was going to die one way or the other.

To build a sustainable platform you need to invest in it. People in the Fediverse have done so, but are painfully aware that it is a careful balance and that it can't work with millions of Twitter users switching over expecting a gratis platform with no strings attached.

And this failure to understand these basic dynamics will probably drive them into the hands of yet another venture capital funded fly-trap and the circle will begin anew.

@poVoq @sexy_peach I think a fediverse can house both types.
those who dont want to pay to have an account on a server (which obviouslly costs money to host), then some instances can show ads on their webinterfaces and fund their costs that way. people who dont care about ads can join such instance and have their free account.

those who dont like ads can either donate or pay for their account or join a free server without ads (if available) or host their own server.