I think you're wrong (I'm ignoring the inflammatory rhetoric and taking the core of your argument in good faith).
The good thing about substack compared to most centralized apps is that writers maintain control over their audience address list. This aligns incentives since leaving is possible. It makes them more of an actual software platform for their writers which is a good thing imo. As long as this remains true, the risk is low.
It’s probably the best outcome you can realistically get on the non-urbit web outside of niche providers like ghost which have their own trade-offs.
I suspect the hardest thing for substack will be the moderation position they find themselves in. If they do anything to try to help increase readership (even if they don't) they will eventually find themselves in the same difficult situations as every other platform, this is just an unavoidable fact of being a centralized service with this power and capability (and choosing who you will not allow as customers is a form of substack's speech). Having this responsibility is not easy and with continued success and scale becomes messy.
The good thing about substack compared to most centralized apps is that writers maintain control over their audience address list. This aligns incentives since leaving is possible. It makes them more of an actual software platform for their writers which is a good thing imo. As long as this remains true, the risk is low.
It’s probably the best outcome you can realistically get on the non-urbit web outside of niche providers like ghost which have their own trade-offs.
I suspect the hardest thing for substack will be the moderation position they find themselves in. If they do anything to try to help increase readership (even if they don't) they will eventually find themselves in the same difficult situations as every other platform, this is just an unavoidable fact of being a centralized service with this power and capability (and choosing who you will not allow as customers is a form of substack's speech). Having this responsibility is not easy and with continued success and scale becomes messy.
This (imo) just isn't something that can be solved by a centralized system effectively, even though it sounds like they'll do the best the can: https://on.substack.com/p/substacks-view-of-content-moderati...