No matter how popular your protocol gets, it's still your protocol. I have no interest in it. I can go back to Twitter if I want to have my social connections locked into someone else's platform.
I have been burned by enough companies that play up open source and development ecosystems, then close up when it's no longer convenient. Your own example of Twitter was built on developers making tools for it. Who makes apps for Twitter now but marketing companies? Virtually no one.