older people have seen it plenty of times already

Spot on. My journey is Usenet->various early web forums->Slashdot->Digg->Reddit, and now I'm here. Been doing this for over 25 years haha.

Yeah, I used to work at a university, so I've been around since the earliest days of the web. It's kind of ironic that from the very start one of the big misgivings from academics about the web as a research tool was the ephemeral nature of its content. One of the examples given back in the 1990s was that a lot of websites that people had begun to rely on were really just some grad student's pet project, and when they moved on someone else might or might not pick up where they left off.

The scale of things has certainly changed since then, but nothing seems to have become more permanent. Just the other day I went through my list of bookmarks on a topic, and easily half of them now lead nowhere, even URLs for major news outlets and blogging platforms that are still extant.

The internet is eternally cyclical. Happens so often. Been seeing people catastrophize and I'm just like "first time?"

Yeah, but people move on too. Do you expect every single person who ever contributed to repost their content when a migration happens? Of course not. It's just not realistic. But actual info gets lost. Old game faqs vanish. Answers to niche questions poof out of existence. Yes, the world isn't over and things will move on. But actual, tangible value was lost with the death of reddit. A large portion of the internets "How To" guide just went up in flames. And a lot of that won't ever get rebuilt. Many of us who have been around long enough have also seen that dark side to these things.

It's a shame, is all. But time keeps moving and so will we.