A protocol has no inherent value. Its value comes from its application. And, Mastodon, as one of ActivityPub's applications, is nothing better than Twitter fractured into many smaller islands of Twitter: instead of upsetting Elon and getting the boot, if you upset the Mastodon server operator you happen to choose, you run the same exact risk of being deported off that particular island. If you're going to subject yourself to the whims of a dictator, you might as well stay on Twitter and reap the benefits of the larger network.