Is federated microblogging about to become a reality?

Way back in 2008 Dave Winer wrote “Microblogging should be decentralized” arguing that reliance on a single, for profit platform such as Twitter was a bad idea.

Admittedly, this was against the backdrop of the fail whale but the idea of a federated service seemed sound – the catch would be that Twitter would have to enable it and build the required tools (or allow developers to build them and we all know how that went!)

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Is federated microblogging about to become a reality?