Centralizing communication really has more issues than just the "single company controlling everything" stuff.
Obviously having your whole communication depend on one single entity is horrible.
Comparably horrible is the notion that you have only one online identity, traceable, interconnected with itself and exposed to all your contacts.
In a world that forbids dropping your current identity you are forever bound by all your previous mistakes. You are easily undermined by your past opinions.

@kunev what is stopping a user from spinning up email addys to spin up new/multiple mastodon ids? Proxies/tor can help disperse traceability.

many path, some less travelled