It would have a huge immediate effect, mostly because people would lose their accounts. But in the long term life wouldn't change at all.
Also Nostr is different from this (better) because you can move your account.
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Yes but imagine if you could take your email address and just log in using a different provider. Probably you wouldn't even claim to be using "Gmail" or "Hotmail", you would just say you're using "email". Just like we don't say we're on Damus or Amethyst or Primal now, instead we say we're on "Nostr".
Better protocol in that disruptions may not be painless, but they are much less painful.