Bootstrapping an alternative. Growing it from nothingness, being easily welcoming but not overrun by spam and malicious content. Getting to a critical mass befo

Bootstrapping an alternative. Growing it from nothingness, being easily welcoming but not overrun by spam and malicious content. Getting to a critical mass before losing the goodwill with users and runway with whoever pays for this. This is a very significant moat, one that makes Reddit's leadership believe they can turn the screw without worrying about competition for now.