For me, I hate the influencer culture around many of these things. On paper, loops, and the like, are good ideas, but when you fill it with people with MBAs trying to sell you things, it feels fake and goes to shit. My experience so far with the fediverse is that it feels generally organic and I have no reason to believe loops would be any different.
It's a pretty bold move to launch an open source service like this, especially one that is as complex as a video sharing site. One would think a gradual increase of user base would be easier to handle than a sudden influx of people at a moment when one has been scrambling to meet a deadline.
Good thing they/he is not afraid of postponing the release and making sure it's ready. And if it works well it will be one hell of a release. Fingers crossed. :)