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A fun thread about Bluesky funding and origins
(toad.social)
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this post was submitted on 13 Nov 2024
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I'm not sure I see the issue to be honest. The development is made in the open, the architecture is pretty flexible and is designed to be rather robust to rug pulls specifically such that less trust is required in the model.
Also, whenever these discussions happen, I can't stop feeling that it is somehow also meant to imply that mastodon is somehow better. And I am not a fan of that, as if there could only be one good social network. The internet is better with multiple services, multiple of many things. That's how there is cooperation, compatibility and development for the better.
bluesky doesn't help with this; all social media platforms financed by investors are going to enshitify no matter how much they say they won't at the beginning. (reddit also said that they wouldn't the the beginning too).
the inventors behind stories like bluesky and reddit are the same ones that are reducing the your choice of multiple services on multiple things because they have an incentive to kill progress when it's competition that can challenge their profits and enshitify to squeeze out every last dollar before abandoning it themselves.