This is exactly correct, and herein lies the problem: how do you monetize content creation from people you don’t pay?

Louis Rossman said it best: when you look at a lot of content platforms, you realize their business models don’t make sense. The people managing these companies are riding on VC money knowing full well there isn’t any long-term return. They want to cash out and dip.

This is why I feel like a Federated, user-maintained system is probably best for the long term sustainability of a community. People want a place to enjoy something or someone? Let’s make it happen, by our own means

As someone who really only went on Reddit for memes and techie discussions, I think I can say this: for my use-case, there was nothing special about Reddit itself. In fact, one thing I have realized is just how little the nature of the host matters beyond ease of use. Sure, certain formats lend themselves better to certain use-cases, but ultimately humans are social creatures, and even in the most inconvenient of circumstances, we find a way to make it work.

And once you realize that, it becomes less about the medium, and more about the people who lead the discourse. From what I can gather, Reddit lost that discourse a long time ago. And as such, their downfall was only a matter of time.