Will something be done about moderators owning 50+ magazines/communities and counting? Already seeing power mods migrate from Reddit trying to hoard as many communities as possible.

Do you think they are actively trying to become moderators of those communities or is there a chance they're trying to recreate the subreddits they're accustomed to?

there's no way to tell, but if past behavior is any indicator of future intent...
- The way that the fediverse works should make it more challenging for someone to squat on communities. There are plenty of instances which means there is plenty of competition. Am I missing something?
@CorrodedCranium Well, some of these individuals are ones on Reddit that are moderators of 300+ subs, it's kinda telling, isn't it?
- Well on Reddit I'm a moderator of one sub purely because I've flown so far under the radar of the other mods with my lack of ambition... So does this mean I deserve the keys to the kingdom now?

If you're concerned, just don't sub to them. Just creating communities in itself shouldn't really be a problem, I'd rather hope for the best than assume that every person making these is a power hungry basement slug.

That's fair but my assessment is rather than enabling that behavior, cut it off at the source by limiting the number of communities to be made per user. Sure, there'll be alt accounts, but it's better than just looking the other way and pulling another Reddit.
- But that isn't the point of Lemmy.
  
  The developers have no control over what communities get created by design.
  
  Anyone can become an admin, so Reddit power mods can go to the friendliest servers or create their own.
  
  The system is designed to not be able to enforce what your are describing.

What's the problem with this?

If they can moderate that many groups to the standard each community is happy with is it an issue?

Centralized power in the hands of a few is a bad thing. People have been complaining about power-tripping Reddit power mods for years.

Because what happens when they don't mod to the standard the community wants?