this post was submitted on 13 Nov 2024
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It's the hot new non-billionaire controlled social media app for the 2020s: https://bsky.app/
Non-billionaire controlled so far. It's a public benefit corporation, which is vulnerable to being Altmaned. Once it becomes valuable money will find a way.
That's where the federated angle comes in. Not quite there yet, but as the network grows the vulnerability to the original node getting taken over by a bad actor lessens.
A feature that makes it easier for their users to migrate to a competitor? Blockchain Capital invests $15M in BlueSky. Insert that Anakin / Padme meme:
Anakin: Now that we've invested, let's make that federation feature priority 0
Padme: As in highest priority, right?
Anakin:
Padme: As in highest priority, right?