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A three panel meme of someone riding a bike.
- First panel: Someone riding on a bike. "Reddit is imploding, quick let's get on Lemmy"
- Second panel: The bike starts to tip over on its own. "Oh shit there's too many of us, we're being defederated?"
- Third panel: They've fallen on the ground by the bike, holding their knee in pain. "Fucking Beehaw"
Yeah, being part of an instance means you're trusting them to moderate content (as with individual subreddits/communities/magazines). It's a good thing. Maybe if down the line one instance gets so huge that it's basically "the one" it could be a problem but if the fediverse keeps things relatively spread out it's fine.