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:

bsky.social/about/blog/10-24-2…

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)

This entry was edited (1 year ago)
in reply to Fedi.Tips

From what I gather in the comments, it seems the users are okay with it as long as there are no actual crypto stuff and no ads. Not a high bar to clear, but when your other experience is with Twitter, you'd take what you can get.

The Fediverse is still the more optimal choice, but overall I'm more cautiously optimistic about Bluesky rn. It's interesting to see how it will sustain itself in the future without succumbing to ads, and maybe there's lessons to learn from it too.

in reply to Fedi.Tips

Yeah, Bluesky is not worth it. Just more tech bros in power. Plus, their attempts to filter content are laughable and are often self defeating.

But I need to know, WTF is an "NFT Analyst"?!? Seems like a pretty simple gig, tbh. I think Keanu Reeves showed that he nailed the job requirements here:

youtu.be/h0-fYXR3M2o?si=oaZENy…

#nfts #keanureeves #bluesky

in reply to Fedi.Tips

BlueSky writes in the announcement:
"Our lead, Blockchain Capital, shares our philosophy that technology should serve the user, not the reverse — the technology being used should never come at the expense of the user experience".

Ah, the user experience! Meta (or any other big-tech company in the surveillance capitalism league) would probably come up with a simular statement if asked ...!

in reply to Fedi.Tips

p.s. A number of people have pointed out that the current CEO of BlueSky is also from a blockchain/cryptocurrency background:

2015 - Engineer at blockchain company SkuChain

2015 - Worked assembling bitcoin mining equipment

2016 - Developer on Zcash cryptocurrency

2019 - Happening Inc founder (cannot find any trace of this, no idea if it involves blockchain)

2021 - CEO of BlueSky

Also, the current BlueSky board seems to be three people: two blockchain experts and one non-blockchain person.

in reply to Fedi.Tips

I'm guessing BlueSky's main worry is how to make money from a free site without it becoming an advertising or personal-data tracking company. As with nostr, crypto people like to think cryptocurrencies are one way this would be possible, it allowing their users to make pennies (or sats) from their content, with the site getting a slice of that. If that's their thinking though, it'll change the way some of their users will use or view the site.
in reply to Fedi.Tips

No surprises here. Bsky scored very high on my enshittification bingo card since day one, but there's no need to go through the whole list. The most important parts:
- Is it closed source? Yes (partially).
- Is it for-profit? Yes.
- Is it centralized? Yes.

Such projects turn into garbage very fast these days. Historically, the process was much slower (although the end result was the same).

in reply to Fedi.Tips

This entry was edited (1 year ago)
Unknown parent

mastodon - Link to source

Fedi.Tips

Having such people owning it and running it doesn't bode well at all, when looking at the history of VCs and blockchain. They are there just to make vast amounts of money, and sooner or later they enshittify and exploit their users.

Small amounts of money or covering costs are not enough for such people.

This entry was edited (9 months ago)