A community to talk about the Fediverse and all it’s related services using ActivityPub (Mastodon, Lemmy, KBin, etc).
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My (limited) understanding is that if you (we) block other instances locally, that won’t stop meta (or whoever) from accessing your (our) information and posts.
Right, there are limitations to app based user blocking of instances. Lemmy/Kbin proper would need to implement a robust user account privacy framework to provide the granular control you’re interested in. Personally, I’d like to see this as well.