This seems super timely.

"Your Favorite Social Network Just Shut Down. Now What? ...In this short midweek episode, Neville and Shel discuss the fragmented nature of social networks and how the fediverse might one day resolve issues like those faced by refugees from Google Plus, Twitter, and other social networks that were no longer available or suited their needs...."

https://www.firpodcastnetwork.com/fir-402-your-favorite-social-network-just-shut-down-now-what/

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Discussion

The fediverse cannot be a solution to e.g. twitter shutting down as your fedi admin can ban you, ban whoever they please, or shut down.

Fedi has the same censorship and central choke point as does twitter.

On nostr, however, you can own your keys, own your social graph, and not be beholden to one benevolent dictator on one server.