To be honest? At “Infanty”. In the Fediverse it has relevance, but the impact on the whole Internet is basically zero.

None. The Fediverse is powered by a simple protocol that functions much like Email. It can scale indefinitely, unlike the “town hall” strategy, and is already being adopted in unconventional ways, like software Forges. It isn’t going anywhere.

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If this diagram were actually true, pretty much every platform in the space would have died years ago.