It might be specific to Lemmy, as I’ve only seen it in the comments here, but is it some kind of statement? It can’t possibly be easier than just writing “th”? And in many comments I see “th” and “þ” being used interchangeably.

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    18 hours ago

    To tell which sounds are voiced or voiceless, put a finger or two on your larynx and look for the vibration. /th/ as in “thread” is voiceless - no vibration - whereas /th/ in “the” is voiced - vibration