I think both scenarios are absolutely possible and possibly huge have up and down sides. I just hope this cool place we got here will survive and stay cool. I find it impossible to predict what will happen at this point. Some instances will block meta and some won't. Which is the nature of decentralization and the thing instance owners should do. Decide for their instance and the people on it what they think is right. People can then leave or join instances that align with their ideas. Shit is going to get real soon around here.