Josh
This is exactly what Mastodon is doing with its “instances”, which are communities/servers that set their own rules of engagement and can federate with one another. But, there are tradeoffs:

Are you frustrated with the way you experience news and research?
We have a better way for you to get informed and inform others, so we’re inviting people to help test what we’re working on at
Annotote.
If you’re interested, try it here:

“Perfection is achieved not when there is nothing more to add, but when there is nothing left to take away...” 👉 http://annotote.launchrock.com