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I agree a lot with that, but this is more than a year old now, and with myspace it only took a few months to begin.
With Digg it was even faster, and what reddit is trying to do looks a lot like what Digg did, when they tried to prioritize monetized content, and although digg still exist, it's an irrelevant site.
https://digg.com/
But a lot of people seem to stay with reddit for some reason. Which may actually be good for Lemmy, because when Digg failed, the quality of reddit took a dive.
Actually Digg wasn't fast either. There were multiple exoduses from Digg throughout a year or more. And you also have to remember that Digg was multiple orders of magnitude smaller than Reddit is today. That gives Reddit a ton more momentum before the trust thermocline is breached.
Back in the day Digg was a phenomenon on the internet. Relatively speaking Digg was orders of magnitude bigger than reddit is today.
While you're probably right, I think it's total numbers that probably matter more for these things. Reddit could loose a number of niche communities and most users wouldn't notice due to its size. They can also hemmorage more people and content before it becomes apparent to the average user.
A lot of Digg was just bloggers looking for backlinks though.