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The other thing I can see happening is the EU investing in infrastructure, and then leaning more heavily into how things are conducted in the Fediverse. Right to be forgotten? Applies to all instances that want to federate with EU ones. Someone says something bad about the leader of Turkiye? Their instance is defederated if it doesn’t take it down.
If it isn’t, it really should be, or things will become a mess as the fediverse becomes more political. It needs to be resistant to that sort of thing as well as corporate control.