1. 99.99% (literally) of AT users are on Bluesky, which is helmed by a for-profit corporation. The argument is that they don't control the protocol but considering it is THE dominating instance of that protocol, what's stopping them from strong-arming the protocol and changing how it works to benefit them? Better yet, what's stopping them from doing a rugpull and closing off their open service? What if bluesky decides 5 years from now that you aren't allowed to move your account? This isn't some hypothetical scenario, this already happened before. A lot of social medias started off with fairly open features and APIs and slowly choked them out for profit.
2. Users don't really care about protocol, they care about momentum and userbase. Piefed/Lemmy/Mbin are all popular-ish Reddit alternatives using AP. It was already a struggle to reach a point where posts could get over a hundred comments a day, how are you going to convince people to move to another platform again? I'm worried this will just end in splintering an already niche community and cause people to just give up and go back to using popular platforms.
Being able to move accounts is a very neat feature but it's not a reason enough to move. You can already export your settings and make an account on another instance in 20 seconds then import your settings again, which would bring back your subscriptions and blocks and all you set up from account 1. To me it's not a huge deal.
See also: https://arewedecentralizedyet.online/
[1]: A fediverse Reddit alternative, e.g https://lemmy.world/ and https://programming.dev/ . See also Piefed which I think is better nowadays https://piefed.social/