It's a lot better than Mastodon, where you simply lose everything.
The author totally glosses over that and scoffs at it being a real problem both in the thread linked and here in the comments, yet real people have experienced the extraordinary pain of watching their accounts evaporate overnight because of some capricious server admin. It's a total nonstarter for ever using Mastodon.
People might be imagining it as something tightly coupled with the application rather than a data file you can just backup anywhere. Could be worth chucking a "store your profile on your own device, Apple iCloud, Dropbox, Google Drive, or your preferred file storage solution" somewhere.
The issue is not "access" to your data. You're not forbidden from accessing your data in any case. The real issue is that it may be bad to have full and sole responsibility for maintaining backups of your social media data.
1) If you add image files and especially video files to the mix, the size of your data can get huge.
2) Smartphone users especially don't have a ton of free storage space.
3) In general, people aren't great at maintaining their own backups.
The question is why a so-called distributed network can't maintain distributed copies of user data, rather than forcing the burden onto the users.
This seems troubling, if it's accurate.
[I've edited the above quote to remove some all-caps and exclamation points.]