haha no, instances like this pre-date centralized systems, e-cash and everything else. instead of something hip and new, you are doing something very old, like they way the internet was designed to operate old.
i was running sites like these a decade before reddit came to the fore. The thing that’s “new and weird” is this desire to pile onto a single domain handing control of your feed, personal information and more to a billionaire. If you are into wealth gospel i get it, though they haven’t done as much to earn trust as people seem to think.