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The Fediverse SHOULD allow monetization and they don't yet. As per Mark Bayliss:
I'm not saying to commercialize the entirety of the Fediverse but if you want it to actually compete with Twitter and Reddit and Tumblr then you need to open it up further.
I think you're missing that point.
If you're paying to provide a free server, and along comes another server owner who wants to peer with you. Only they're charging their users for the same thing you're giving away for free. Why wouldn't you be a little bit miffed that they want to take your freely-given service and sell it to their users - because that's what would be happening in that situation.
Monetising something that's intended to be free is very, very difficult. Not impossible (see open source software and the businesses that grow around that), but it's a lot harder when it's a service.
I think the best solution to this whole monetization issue is to just make sharing bandwidth as easy as possible on the fediverse.
If hosting can be done by everyone using an instance, no one entity has to bear overwhelming costs, so there's no excuse to demand money.
That's an interesting idea - have a special tier on one or more cloud providers paid for out of that source, or even a flat payment to any server provider based on number of users/activity or something like that?