Same here. And with all the hype Mastodon and GNU Social inspired Twitter alternatives are getting now, I'm surprised no one's done the same for Reddit yet. Or at least managed to advertise it heavily enough that people have heard of it.
It'd certainly fix a lot of Reddit's issues with censorship (by making it so the subreddit owners act like independent forum owners). Or if it's truly decentralised rather than federated, by not having a single person or team doing the moderation in general. And there'd certainly be no possibility of the system losing CSS support...
Have you heard of things like NNTPChan? Granted, it's not "Reddit" (it's an imageboard) however it's an imageboard that works over NNTP. It's as decentralised as I know of, though I'd also be interested in finding decentralised Reddit alternatives.
It'd certainly fix a lot of Reddit's issues with censorship (by making it so the subreddit owners act like independent forum owners). Or if it's truly decentralised rather than federated, by not having a single person or team doing the moderation in general. And there'd certainly be no possibility of the system losing CSS support...