this post was submitted on 11 Jun 2023
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I remember reading a similar question regarding mastodon and the answer was that the code is open source, every instance, server, community can download a copy of it and customize their experience. The Kbin admin or anyone else does not own all the servers that host the vast number of instances. So even if they were to sell the already open source code, or threaten to pull the plug on the project, the code is available for everyone to just continue like nothing happened, and for the community to take over and develop it how they see fit.
Yes, the code for Kbin, Mastodon, Lemmy, etc. is open source, so anyone can spin up a new instance if they want. However, spinning up a new instance of Kbin would not save the content of any other instance if it were to go down.
If kbin.social shuts down tomorrow, then all the communities and user accounts that are hosted there are gone too. Kbin would still exist because there are other instances, but nothing @kbin.social would exist, if that makes sense.