I don't think so. Although many will remain with Reddit, there is no incentive or loyalty for a significant % to do so. If reddit is shit, why not just use FB, Twitter or regular message boards? Already I saw many subreddits have discords already.

The question for most of those users is there a lesser evil in choosing one bad company over another? Unfortunately I just see this community content becoming fragmented as a result and no winners emerging.

I like Lemmy / kbin but I am concerned that a dev could just shutdown their server and a community, accounts are gone. Who pays the server bills, and maintenance backups etc? This seems incredibly problematic.

Beyond that they need a strong mobile app and 3P devs, a tool to read a users reddit profile and subscribe to similar channels, one click registration without selecting a server. It would be good to also have a mechanism for showing cross-platform posted content in a single view.

If honestly feels like the 90s wild west Internet days again. No alternative I have seen so far can address these concerns.