Lots of major free software projects are hosted by the project creators to avoid being screwed over by proprietary services.
Examples
If Microsoft were to release a competing link aggregator; then they could persuade GitHub (Microsoft’s subsidiary) into locking or removing the main repository for Lemmy’s source code.
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If that happens
git remote set-url origin newurlNot saying self hosting the remote is not a good idea, just that the risk you mention is not so dramatic
Codeberg! Codeberg! Codeberg!