TikTok isn't about the videos, it's about the recommendations.
That won't be possible without centralization, monetization and data mining. Loops will fail — if you judge by usage, that is.
The goal posts will move to whatever was achieved, I guess.
From "competition" to "for Fediverse users" to "offering an alternative" to "showing it's technically feasible" to "it's good people don't use it, because it wasn't meant to be addictive anyway."