this post was submitted on 13 Nov 2024
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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?
Is blue sky federated? I thought it was another closed garden. If slightly more open than Twitter.
Bluesky grew out of a project at twitter whose goal was to create a federated protocol. Then when they were split off from twitter when Musk took over they had to start their own twitter-style platform to be the first player in that federated protocol. Now that that part is running they're gradually building out the originally planned system of allowing more servers to be part of the federation: https://docs.bsky.app/docs/advanced-guides/federation-architecture