Centralized services are usually more efficient than decentralized but that's not the primary goal of the fediverse
My main concern with this is, if only a handful of centralized social network reached long term stability, and most of them are unprofitable, how can Lemmy (or any other foss fediverse project) completely hold itself on 2 unpaid developers and immense unpaid work from volunteers in the long run.
Because ok, Lemmy.world is looking for experienced sysadmin and that post already had a little backslash, but this isn't sustainable long term, it's impossibile to keep scaling like that.
And I feel that's one of the biggest reasons holding back the fediverse
But I think there's a big difference here
I tried to use mastodon but I feel that microblogging inherently require some centralization, it's impossibile to find people to follow and the feed is always a mess with bunch of stuff that doesn't interest me.
On the contrary I'm using Lemmy since a while and it works much better for content discovery, communities act as a"human algorithm" the same way they work on Reddit and it help much with the federation approach.
What I arrived to realize is that some form of social media are more adaptable to the fediverse.
For example, I hardly see any decentralized version of TikTok