They put out a post about why they did it. But basically it comes down to it being illegal where they are, and the admins don’t want to be arrested.
As much as I hate that it’s blocked, I also don’t want possibly the largest Lemmy instance’s admins arrested or dragged into a court battle. I think that would be devastating for Lemmy as a whole.
It’s understandable to fear being arrested or financially ruined if some shithead company decides to go after you.
That said, maybe it’s time I make an account on an instance that has a more cavalier attitude towards piracy.
Self-hosting media can pretty much be as cheap or as expensive as you want.
My friend plugs an external drive into an Nvidia shield and it works fine.
An old laptop from eBay works well too, with the additional benefit of essentially having a built-in UPS.
You don’t have to have a crazy setup.