I agree it's not effective.
But any protest shouldn't be wild thing that puts everyone involved into dark.
Announcing it and planning it so it sends message but isn't making everyone life worse than needed, is proper way to do it.
If it's not effective, just do it again for week/ month / move your subscribers elsewhere / etc ... but let everyone involved know an keep it civil. Bad guys will reveal themselves along the way.
In this regard, IMHO those who participated didn't do it wrong way but those who didn't listen wronged the community as whole.
Rossman was correct in one of his videos. Community gotta stuck together and not fight each other, that's the only way to fight those power hungry companies.
I agree decentralized internet is good. Many small competitors are better than one huge mobidick that can't see it's own tail anymore so. it rolls over anyone in the way.
There needs to be some sort of cross server account management so that users dont loose subscriptions. It would also be nice when opening de-federated community sub, it would simply forward user to their sever.