My take from an outside perspective: banning the one account seems like the sensible approach toward the goal of sending a stern message to the creator and establishing an early precedent -- one account is bad enough, imagine more. I think defederating should only be used if the creator doesn't take the hint and creates another account.
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I like to browse All as well ~~and haven't noticed that bot~~. If the issue is just with a single account, I think defederation seems unnecessary. Could you provide more information on the benefit for defederation versus banning the bot on Lemmy.ca? And I'm one of those people who prefer pledging defederation of Threads, so I support such a move depending on the situation.
EDIT: Correction, I checked my block list and that user account is in there. 😂
I haven’t noticed it yet, but if you feel it’s a big enough problem, I’d say block the account for now. Defederating feels like a more serious punishment that I’d reserve for multiple bad actors.