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Absolutely, signal isn’t federated, but I don’t want my messaging app to be federated. I want my social media to be federated. Lemmy is good because it’s open. Signal is good because it’s shut.
That’s your preference and there’s nothing wrong with it. Doesn’t make Signal a Fediverse alternative. Matrix fits that use case.
I prefer my messaging to be federated for the same reason I don’t want my other services depending on the benevolence of a single actor. But that’s me.