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What happens when their server expenses aren’t covered, or bad people move in and every message has to be moderated, or the site moderators ban you?
What happens when BlueSky does this?
I moved a private mailing list to a WhatsApp group, then they changed their privacy policies.
Answering your own question there.
Just to be clear… I’m a massive Fediverse fan, and have concerns about BSKY’s governance. But many communities streaming off Twitter seem to be heading toward BSKY because it’s a shallower on-ramp.
Mastodon people recognize this and are working to smooth down the friction points.