this post was submitted on 17 Jun 2023
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You can for yourself, hosting a large instance for others does require time, financing, a legal entity (if for nothing else, liability purposes). Most people are much more likely to use what is already there unless they have an itch to do it themselves.
Mastodon is a non-profit that also hosts the largest mastodon instance, ultimately I think there will be a ton of small hobbiest instances and a few big ones - they should preferably be run by non-profits to help avoid the current Reddit situation (more like other open source projects).