No it turns the problem from your account being owned by a company looking to turn a profit to random people on the internet. If we had a way of downloading our accounts and transferring instances then maybe.
this post was submitted on 09 Jun 2023
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You can just host your own instance.
It's more closely related to the initial intentions of the internet than most other social platforms. Ideally it could get things going back in the right direction again iif nothing else!