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Lemmy is a great place to BS about whatever is going on with the world at any given moment. I think the “small” size of the user base increases the quality of the discussions. You have to jump through some hoops just to get here.
But that small overall population and the barriers to entry mean we don’t have a busy community for almost any hobby or topic you’d like to discuss. And that’s fine, there are still websites and forums and search engines.
I think the fediverse should replace the corporate internet long term, of course. For what it is right now though, and especially Lemmy in particular, I’m not complaining.
One thing I really like about Lemmys small size is how posts can remain relevant for some time. It's very laid back for a social media. You can have discussions that last for days on Lemmy, and there's no need to constantly update or FOMO if you don't check in for awhile.
Reddit is far too busy. There's just a constant sea of noise. It's practically pure luck if a post gets noticed, and if you don't comment early then you comment is basically lost. For the most part content on reddit loses all relivence within 12-24 hours, and having any real place within the community requires constant engagement.