This is why I have been trying to warn about #BlueSky.
BlueSky has just been partially bought by a cryptocurrency company "Blockchain Capital" and appointed a blockchain / cryptocurrency expert to their board:
https://bsky.social/about/blog/10-24-2024-series-a
The board member is a bitcoin researcher involved with NFT analytics.
BlueSky describe the tie-up with Blockchain Capital as a "natural partnership" and says the blockchain company has "a uniquely deep understanding of our decentralized foundation".
(via @jwz)
@JustinH can you elaborate or point me to a resource please? Very curious
@sourencho @JustinH it's not really decentralization if 99.99% of users are on a single central service. that's called a centralized service with some rounding errors
@solonovamax @sourencho Right, BlueSky's structure increasingly reminds me of that of cryptocurrencies (not surprising considering Jay Graber and Dorsey).
@JustinH @sourencho though dorsey has left bluesky due to them implementing moderation (lmfao) for an even more fascist and crypto-centered place
@mackuba@martianbase.net@solonovamax @JustinH @sourencho There is literally nothing fascist and very little crypto about Bluesky
@mackuba @solonovamax @sourencho Eh, Bluesky is a for-profit company that controls a centralized service that is claimed to be decentralized, while the reality of its structure is obfuscated via an intentionally complicated protocol intended to stymie journalists from deciphering and reporting on its actual nature.
Ya kinda have to admit the parallels to crypto!