I wouldn't recommend hosting it from your home network. Even if you are only having a couple of buddies on there it could easily be ddosd by a post going viral or something. Also you would permanently leak your personal IP adress to the outside world. There are ways to protect yourself against that but it's probably not worth the effort. You are better off just renting a cheap vps for your 50 person instance. You can rent those for like 5usd a month. Share that money with a handful of friends. Everyone puts 10 bucks in and you can pay upfront for multiple years.
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Very fair point. I'm still very new to the world of servers and figured this would be a great time to start learning. I'll start looking into VPS. Thanks!
I really don't want to discourage you from trying it out.
But if you are really just getting into it you should maybe try something a little bit less messy. Lemmy is a young project gaining a lot of traction and it's easy to get caught in the crossfire lol.
Maybe you wanna try something a little bit more stable and predictable first and then work your way up. you know...hosting a game server or a teamspeak for your friends. Maybe get into docker and deploy something with that first. Get familiar with port forwarding and firewall rules. Especially getting to know the docker network stuff. That took me some time lol. Maybe a personal nextcloud before you go and host a (semi-) publoc social media instance. people might get angry if you screw up.
But 100% get into self hosting shit. It's a lot of fun and there is A LOT to learn.