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I feel this explains it well - https://atproto.com/guides/faq
I have still never bought this reasoning. A far better approach would be to propose an ActivityPub 2.0 as an RFC.
In my opinion, as long as it is not an RFC, it will go nowhere.
Repurposing random shit from the cryptocoin world since those projects mostly failed, and by god will they find a use for these things.
A creepy looking billionaire isn’t totally in charge of ActivityPub and can’t get more power out of politicians by lending favors to them using it.
And that’s a prohlem!