That is an excellent point. On a more sinister note: could that be the objective to get rid of the faster-growing competition?
My take after our discussion on #SilentSunday is that the #MegaInstance(s) should be either downright defederated or that there be a rationing of access (e.g. couple of thousand a day), while leaving the native registering option open (of course, what else).
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Smaller instances may need to deFederate and just silence in order to control hosting costs. Hmm...