But if you were the legitimate person behind a username, why should it be taken from you just because you’ve been idly waiting for any value to be realised and not actively using it? In particular, they’re taking it with no compensation, for the purpose of keeping all of the new value for themselves.
It would be far more reasonable if they took away everyone’s accounts and sold them all. That would be equal and fair.
But equal and fair and reasonable isn’t the goal of X and Musk. The goal is to stir as much shit as possible before the business inevitably closes due to excessive debt, as a direct result of the initial leveraged buyout. Then, new platforms can be put in its place, and the more dodgy stuff X gets away with the more these new platforms can also.