$5000 a month sounds a lot for forwarding text messages and images. According to the Fediverse Observer they have 12,000 active users (boils down to $5 per user a year), but still... Is it that much storage or computationally so expensive to federate posts?
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Good luck hacking, guys, but there's no solution to that under capitalism. You just stumbled upon the ultimate contradiction. 🤷
At this point, you're better of self-hosting, or even co-lo hosting. Cloud environments are good when you need to scale faster than servers can be shipped (or plan to scale down before the costs add up), but $5k a month is literally a new, decently-beefy server every 2-3 months.
In terms of solving the money issue, I feel like the only solution is a shared-cost/ shared-ownership model, where you get an initial pool of money together for the initial build-out, and then monthly costs are divided equally among all members. You can't rely on donations, you need collectivism.
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