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Your key is your identity. If it’s lost or stolen, you can not revoke it. That alone will make it virtually impossible to be used as an official application protocol for any organization.
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Usability is even worse than anything on ActivityPub
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Moderation is entirely punted to the end user.
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(not technical, but relevant) it is completely dominated by Bitcoin maxis
They are not going to be “my” instances.
Oh, I thought it was pretty clear: my objective with these instances have been to build the infrastructure necessary to get people out of Reddit. I want to gain from the growth of the network, where I expect to profit from getting customers on my hosting business.
I don’t need/want to make money out of these instances, I am just commoditizing the complements.