Honestly I see this as a very very good thing. It decentralizes control and puts content creators in charge of their own works.
I feel confident that WordPress will be more widely used than Medium next year, in three years and in nine years (which is an eternity in tech). Would you bet against that? I don't mean money, but if you feel confident taking the other side, we can both set calendar alerts and check back in one, three and nine years to see who was over-confident and who was appropriately confident in their opinion.
AFIK, no open source ecosystem with WPs level of usage has ever died (and in a sense OSS is unkillable), but it would be fun if you want to take the other side of my prediction. This kind of dynamic is why I blogged every tech stock I bought (after AAPL in 2001). It keeps you honest in your own thinking.
When I came out of comp sci school in 1978, everyone thought that DEC and Data General had an insurmountable lead and that PCs were toys. Then they thought Macs were toys. Then they thought the web was a toy. I've been to countless tech conferences where the top guy from some "dominant" company told the tale of how dominant they were and two years later they were slinking around in the back of the room, no one wanting to talk to them. I could name names, but just read my blog. Hubris is a terrible thing and tech is filled with it. And your post was totally a product of hubris ;-)
Your reasoning on DEC and Data General make sense, but were either of them open source? In a sense, betting against WP is like betting against GCC 30 years ago when all the alternatives were proprietary. Either way, I'm happy to check back in a few years and see if the hubris was my prediction or your armchair psychologist reaction to it (・ω<)
Medium has a lot of buzz, a great founder and a powerful centralized system. It felt like an upgrade to the web. WordPress on the other hand, is a force of nature. Not only does it have a strong team working to improve it on all levels, but it's open source and has somehow managed to attract both gigantic community of marketers, entrepreneurs and consultants and a hoard of GPL zealots making sure that code flows back into the mothership.
A dozen years ago, there was another company that held every advantage Medium currently does, including a younger version of the exact same fouder—Blogger. WordPress steamrolled Blogger. Even with the support of one of the most powerful companies in the world, Blogger has faded from prominence and WP now powers 25% of all the sites on the web. https://martechtoday.com/wordpress-used-on-25-percent-of-all...
The way I see it, posting on Medium is like guest posting on someone else's blog or like writing on LinkedIn. It's a great way to get some exposure and it's a tool that should be used, but any serious publisher needs their own site they're using the guest posts to build up.